Ms. Nadine Leblanc at the Human Resources, Skills and Social Development and the Status of Persons with Disabilities Committee

On December 10th, 2024. See this statement in context.

December 10th, 2024 / 12:25 p.m.

Senior Vice-President, Corporate Affairs and Policy and Interim Chief Risk Officer, Canada Mortgage and Housing Corporation

Nadine Leblanc

Thank you for the question.

Yes. There is one definition CMHC uses to better understand the core housing need in Canada. It is the 30% definition that most or all of you mentioned today.

We use this definition on contribution-based programs that have the mathematical formula that permits us to reach that level of affordability, like the Canada housing benefit.

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