The management team at CMHC—after looking at the past few years, seeing housing starts go down, hearing stories about 35-year-olds moving back into their parents' basements, and seeing seniors being forced into homeless shelters and students having to live in their cars—looked at the housing landscape in Canada and said, “Let's pay ourselves a big fat bonus.” Your government said, “No problem.”
On September 27th, 2023. See this statement in context.