Staff at Canada's national housing agency received nearly $27 million in bonuses in 2022 according to documents released through access to information requests.
Aerial view of houses in Oshawa, Ont., seen from a Canadian forces Hercules on Saturday, Nov. 11, 2017. According to documents released through access to information requests and published by the, 2,292 employees at the Canada Mortgage and Housing Corporation received $26,867,455 in bonuses last year. That's more than 90 per cent of staff at the crown corporation and an average of over $11,700 per person.
Records obtained by the Canadian Taxpayers Federation also show that the number of CMHC employees earning over $100,000 per year increased by 27 per cent between 2018 and 2022 to 931 people. , the CMHC predicted declining affordability in cities like Vancouver and Toronto as housing demand continues to outstrip supply.said "owning a home is still a huge stretch for middle-income households in Vancouver, Victoria and Toronto, and Montreal, Ottawa and Halifax to a lesser degree." The average asking price for a rental unit in Canada was up 7.5 per cent to over $2,040 a month, according to a.
In an email to CTVNews.ca, a CMHC spokesperson confirmed the authenticity of the access to information documents, and highlighted the billions of dollars the CMHC has provided as dividends to the government of Canada.
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