Over the next decade, the Canada Mortgage and Housing Corporation will be investing $241 million in the development of new tools intended to collect precise data on the ever-changing real estate market.
The Crown Corporation announced that the investment is meant to promote state-of-the-art solutions and housing research in both inside and outside government.
Together, these would be invaluable in providing feedback that would give the CMHC a much better understanding of the dynamics of housing affordability nationwide.
Current and future experts would benefit from platforms that focus on in-depth collaboration to encourage out-of-the-box solutions to issues in the national housing sector.
In addition, a further $200 million will be invested in the Affordable Housing Innovation Fund, which will help in the construction and maintenance of up to 4,000 low-cost housing units over the next 5 years.
Source Credit: Ephraim Vecina – mortgagebrokernews.ca