With regard to Canada Mortgage and Housing Corporation's (CMHC) Rental Construction Financing Initiative: (a) what is the current dollar value of monthly rent used by CMHC to qualify a project for the 30% median total income affordability requirement for at least 20% of units, broken down by region; and (b) what would be the dollar value of monthly rent for those regions if the affordability requirement were to change to 80% average market rent?
In the House of Commons on September 20th, 2022. See this statement in context.