Canada Mortgage and Housing Corporation (CMHC) is a Canadian Corporation that offers mortgage liquidity, housing assistance, advice, and research assistance to the Canadian citizens, the government, and the real estate industry. The CMHC is a crucial part of the Canadian administration because it administers the Covered Bond Legal Framework. Its key responsibilities are to register and maintain a list of issuers and programs and set up the Covered Bonds Guide. It is dedicated to helping... [read more]

Toronto may finally be cracking down on real estate speculators who invest in multiple properties and leave them unoccupied, while residents struggle to find affordable housing. On July 15, 2021, Toronto City Council has approved a plan to implement an Empty Homes Tax as of January 1, 2022. While the exact details of the plan will be revealed later this year, the proposed tax is modeled after the “empty homes tax” already implemented in the City of Vancouver. Since 2017, vacant... [read more]