CMHC, established in 1945, is the Canada Mortgage and Housing Corporation, a Crown corporation wholly owned by the federal government.
Through CMHC, the federal government is committed to helping house Canadians across the country at an affordable price. In general terms, CMHC’s mandate, as outlined in the National Housing Act, is "to promote the construction of new houses, the repair and modernization of existing houses, and the improvement of housing and living conditions."