- cross-posted to:
- canada@lemmygrad.ml
- cross-posted to:
- canada@lemmygrad.ml
Under Mark Carney’s Liberal government, the CMHC has quietly redefined ‘housing affordability’ to no longer mean 30% of income, but “perhaps 40-45% … [and] over 50% of income by 2035”.
CMHC is not run by the Prime Minister or the cabinet. It is a Crown Corporation governed by a Board of Directors. Mr. Carney has not “redefined affordable housing”. https://www.cmhc-schl.gc.ca/about-us/management-and-governance/board-of-directors-and-its-committees
Canadians should mail letters, ring them up, fax them if they can, to let them know that any reasonable person would consider this goal post shifting a complete abdication of their responsibilities.
National Office Canada Mortgage and Housing Corporation 700 Montreal Road Ottawa, Ontario K1A 0P7
Reception/Main number: 613-748-2000 Fax: 613-748-2098
OK, and who appoints the Board? And who sets government policy and tables a budget that determines what the CMHC can realistically do?
This is absolutely the responsibility of the federal government, even if they don’t author these reports.