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Comprehensive Overview of Canada's Housing Market and Its Innovations

Canada is notable for its robust housing market, with a population of 30 million, where 77% live in urban areas. The average price for new homes is $130,000, while used homes average $115,000. The Canada Mortgage and Housing Corporation (CMHC), owned entirely by the government, plays a crucial role with $150 billion in mortgage insurance and $1.5 billion in annual assistance for housing. This entity focuses on advanced building technologies, high-quality, energy-efficient homes, and contributes to international building code developments, particularly in China.

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Comprehensive Overview of Canada's Housing Market and Its Innovations

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  1. Population 30 Million Urban 77% Rural 23% Own 64% Rent 36% Singles 80% Multi’s 20% Average New Price $130,000 U.S. Average Used Price $115,000 U.S. Canada Overview

  2. One of world’s strictest Building Codes Leader in new housing research and technology Advanced education and trades training High Quality Housing

  3. Energy Efficient Environmentally Friendly Flexible Designs Light Weight Walls Faster Erection Earthquake Resistant Canadian Housing Features

  4. Well insulated building envelopes Hi Performance windows Advanced heating and cooling systems Energy Savings Features

  5. Created in 1947 100% owned by Canadian Government 1800 employees Generates Profit for Canadian Government Canada Mortgage and Housing Corporation (cmhc)

  6. Mortgage Insurance $150 Billion U.S. in outstanding insurance Assisted Housing $1.5 Billion U.S. in annual expenditures Research Improved quality, affordability International CMHC’s Four Business Lines

  7. Finance Mortgage Insurance Feasibility Study Building Codes Canadian Contributions to China’s wood frame and light steel frame codes Training Canadian apprenticeship/trades training models Trade Exchanges To Benefit China and Canada CMHC – Ministry of Construction Joint Cooperation Since 1999

  8. CMHC CONTACTS Jim Miller Director CMHC International Tel: 403-515-2947 E-mail: jmiller@cmhc-schl.gc.ca Murray Rasmusson Director China Tel: 403-515-2955 E-mail: mrasmuss@cmhc-schl.gc.ca Jorge Malisani Senior Trade Consultant Tel: 416-218-3345 E-mail: jmalisan@cmhc-schl.gc.ca Nellie Cheng Senior Trade Consultant Tel: 604-737-4128 E-mail: ncheng@cmhc-schl.gc.ca

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