CMHC’s Corporate Plan is a centerpiece in its accountability regime.
Under the direction of the Board of Directors, CMHC’s 2015 – 2019 Corporate Plan was prepared detailing how CMHC will achieve its goals through the delivery of programs and services under its four external-facing Activities: Market Analysis and Research, Assisted Housing, Mortgage Loan Insurance, and Securitization. These four activities are supported by a fifth Activity, People and Processes.
CMHC is a federal Crown corporation and is accountable to Parliament through the Minister for CMHC, currently the Minister of Employment and Social Development and Democratic Reform. The Plan sets out CMHC’s intentions over the next five years and was approved by the Government of Canada. CMHC reports on how well plans have been achieved through its quarterly financial report and its Annual Report.
This document summarizes the Corporate Plan objectives and outcomes as well as its Financial Plan, Operating and Capital Budgets, borrowing and investment activities. It provides Parliamentarians and Canadians with information on the challenges and opportunities facing CMHC over the planning period and how the Corporation will address these with a vision of being at the heart of a world-leading housing system. All Canadians are invited to learn more about the Corporation and its Activities through this Summary.
Over the planning period, CMHC will continue to contribute to a stable, competitive and innovative housing system, and facilitate access to affordable and suitable housing under the following priorities:
- CMHC will be recognized as the authority on housing in Canada through its research and market analysis;
- Enhance the effectiveness and efficiency of federal support in housing to help lower income Canadians living on and off reserve meet their housing needs;
- Reduce taxpayer exposure to the housing sector while promoting financial system stability and competition, and ensuring access to funds for mortgage financing covering a wide range of housing types and tenures, in all parts of the country;
- Enhance and improve business operations in response to the changing environment;
- Transform CMHC to ensure the Corporation can take advantage of the opportunities and meet the challenges it faces; and
- Transform the way CMHC operates by investing in technology that meets the evolving needs of its business and helps the people at CMHC work together.
