This year, on March 31, Canada Mortgage and Housing Corporation, CMHC, announced a special dividend payment of $3.5 billion to the Government of Canada; that is, a transfer from CMHC directly to the Government of Canada. This means the premiums of those first-time homebuyers, who are low- and middle-income Canadians who can't afford to put more than 20% down on their mortgage, went to pay a $3.5-billion dividend to the government. Is that correct?
On May 11th, 2021. See this statement in context.