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CMHC meaning in Banking ? |
Answer» What is Canada Mortgage and Housing Corporation mean? Canada Mortgage and Housing Corporation (CMHC) is a Crown Corporation of the Government of Canada. It was originally established after World War II, to help returning war veterans find housing. It has since expanded its mandate to improve Canadians' "access to housing". The organization's primary goals are to provide mortgage liquidity, assist in affordable housing development, and provide unbiased research and advice to the Canadian government, and housing industry. CMHC is the largest Crown corporation in terms of assets with CA$295 billion in assets as of the second quarter of 2021. reference |
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