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”.

Redefining Affordability: Why CMHC’s Benchmark Shift Matters

In a move that received little public fanfare but will have implications for housing policy across Canada, the Canada Mortgage and Housing Corporation (CMHC) has officially abandoned its 2004 benchmark for housing affordability. In its place? The "more re

The Real Estate Institute of Canada (www.reic.ca)

“What do you mean the kids are failing their classes? That’s so easy to fix, just lower the passing grade!”

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”.

Redefining Affordability: Why CMHC’s Benchmark Shift Matters

In a move that received little public fanfare but will have implications for housing policy across Canada, the Canada Mortgage and Housing Corporation (CMHC) has officially abandoned its 2004 benchmark for housing affordability. In its place? The "more re

The Real Estate Institute of Canada (www.reic.ca)

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”.

Redefining Affordability: Why CMHC’s Benchmark Shift Matters

In a move that received little public fanfare but will have implications for housing policy across Canada, the Canada Mortgage and Housing Corporation (CMHC) has officially abandoned its 2004 benchmark for housing affordability. In its place? The "more re

The Real Estate Institute of Canada (www.reic.ca)

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”.

Redefining Affordability: Why CMHC’s Benchmark Shift Matters

In a move that received little public fanfare but will have implications for housing policy across Canada, the Canada Mortgage and Housing Corporation (CMHC) has officially abandoned its 2004 benchmark for housing affordability. In its place? The "more re

The Real Estate Institute of Canada (www.reic.ca)

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”.

Redefining Affordability: Why CMHC’s Benchmark Shift Matters

In a move that received little public fanfare but will have implications for housing policy across Canada, the Canada Mortgage and Housing Corporation (CMHC) has officially abandoned its 2004 benchmark for housing affordability. In its place? The "more re

The Real Estate Institute of Canada (www.reic.ca)

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”.

Redefining Affordability: Why CMHC’s Benchmark Shift Matters

In a move that received little public fanfare but will have implications for housing policy across Canada, the Canada Mortgage and Housing Corporation (CMHC) has officially abandoned its 2004 benchmark for housing affordability. In its place? The "more re

The Real Estate Institute of Canada (www.reic.ca)

Wow, this is big. I mean, I didn’t think things were going to get any more affordable, but this deepens my belief in that prediction quite a bit. “Over 50% by 2035” sounds like a fiefdom, because people got a lot more bills than rent/housing - or at least that’s my oldthink perspective lol. It’s also sobering that this report was published in June and failed, insofar as I know, to make any splash in any Canadian mainstream news. I’m grateful for the Fediverse

Wow, this is big. I mean, I didn’t think things were going to get any more affordable, but this deepens my belief in that prediction quite a bit. “Over 50% by 2035” sounds like a fiefdom, because people got a lot more bills than rent/housing - or at least that’s my oldthink perspective lol. It’s also sobering that this report was published in June and failed, insofar as I know, to make any splash in any Canadian mainstream news. I’m grateful for the Fediverse

The new boss is the same as the old boss, but what would you expect when you vote for the monopoly man who built his empire selling greenwashing funds that mainly hold large US tech stocks.

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”.

Redefining Affordability: Why CMHC’s Benchmark Shift Matters

In a move that received little public fanfare but will have implications for housing policy across Canada, the Canada Mortgage and Housing Corporation (CMHC) has officially abandoned its 2004 benchmark for housing affordability. In its place? The "more re

The Real Estate Institute of Canada (www.reic.ca)

So, you think Poilievre was the right choice then? The guy who consistently voted against affordable housing?

Finally tracked down the original report, which can be downloaded from this page:

Canada’s Housing Supply Shortages: Moving to a New Framework

Learn more about CMHC’s new housing supply framework and why Canada needs to build around 430,000 to 480,000 new homes annually by 2035 to restore affordability.

(www.cmhc-schl.gc.ca)

What makes you think any of them where the right choice. Whole system has been be burned to the ground.

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

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”.

Redefining Affordability: Why CMHC’s Benchmark Shift Matters

In a move that received little public fanfare but will have implications for housing policy across Canada, the Canada Mortgage and Housing Corporation (CMHC) has officially abandoned its 2004 benchmark for housing affordability. In its place? The "more re

The Real Estate Institute of Canada (www.reic.ca)

Honestly I only went and looked for the report because of a post on Bluesky by Peter Julian.

That said, this post seems to have already gotten more reach than a sitting former MP’s did on that platform, so you’re right about the fediverse!

Regardless, I agree it should be much bigger news.

So, you think Poilievre was the right choice then? The guy who consistently voted against affordable housing?

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”.

Redefining Affordability: Why CMHC’s Benchmark Shift Matters

In a move that received little public fanfare but will have implications for housing policy across Canada, the Canada Mortgage and Housing Corporation (CMHC) has officially abandoned its 2004 benchmark for housing affordability. In its place? The "more re

The Real Estate Institute of Canada (www.reic.ca)

The new boss is the same as the old boss, but what would you expect when you vote for the monopoly man who built his empire selling greenwashing funds that mainly hold large US tech stocks.