The Canada Mortgage and Housing Corp. manages the national housing strategy, which totals some $40 billion in federal and provincial spending, and billions more to help first-time home buyers and others applying for mortgages.
Canadian homes prices could drop up to 25% in some regions: CMHC
Duclos became president of the Treasury Board. His old file was split between Ahmed Hussen, who took over child benefits and homelessness programs, and Carla Qualtrough, who handled the massive employment insurance file, among other employment and training programs. The answer an hour later from the office of the top public servant at ESDC: “We are still working to sort out where CMHC has landed,” the email reads, noting “it is not obvious.”CMHC warns COVID-19 could lead to huge losses in real estate marketNot so, according to the Privy Council Office, the central bureaucracy that supports the prime minister and cabinet. It was Qualtrough.
No, Flack replied. The Privy Council Office “confirmed it is Minister Q. Flows from role as Min of ESDC,” he wrote, meaning the minister responsible for the department.“I’d prefer separating homelessness and CMHC as it makes more sense in terms of balancing responsibilities,” the reply goes on to say. “I just haven’t had enough interaction to know how linked the two files are.”
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