Tag: CMHC

CMHC is the Canada Mortgage and Housing Corporation. CMHC is a Crown corporation governed by a Board and responsible to Parliament through a Government Ministry. The CMHC is Canada’s national housing agency that makes housing more affordable and more accessible for Canadians. This is accomplished primarily by providing Housing finance solutions, administering federal housing programs, and working with partners to build more affordable housing. The most well known service that the CMHC provides is mortgage loan insurance for first-time homebuyers. This allows first time home buyers to purchase a home with a down payment less than 20%, as low as 5%.