Multifamily Real Estate Insights Podcast
The Real Estate Multifamily Insights Podcast is your trusted source for news, strategies, expert interviews, and actionable tips to grow your wealth through multifamily real estate, in Canada and beyond. Hosted by seasoned investor Sandy Mackay.
CMHC multi-unit loan insurance backed 283,000 units in 2024
In this episode, Sandy MacKay provides an overview of the Canada Mortgage and Housing Corporation's (CMHC) performance in 2024, emphasizing its influence on the multifamily real estate sector. Sandy delves into the impact and strategies surrounding CMHC's MLI Select product, highlighting its role in shaping housing support and achieving environmental goals. The episode concludes with Sandy's closing remarks, where he summarizes the key insights discussed and expresses gratitude to listeners for their continued support and engagement.
Key Points
- The Canada Mortgage and Housing Corporation (CMHC) saw a 28.7 percent increase in demand for its multi-unit mortgage loan insurance products in 2024, backing over 283,000 housing units.
- CMHC’s MLI Select product has been pivotal in attracting developers to build affordable rental housing, addressing Canada’s rental supply shortage while meeting climate and accessibility standards.
- In 2024, CMHC supported the creation, repair, or maintenance of over 500,000 homes, with nearly half being climate-compatible and a significant portion aimed at Canadians in core housing need.
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Transcript
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