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Finance committee We started going down that path in terms of looking at it from a provincial perspective and even from the perspective of large centres versus rural areas. From what we've seen in the Atlantic region, as an example, our estimations or projections are showing that the Halifaxes, th
January 30th, 2017Committee meeting
Michel Laurence
Finance committee Our analysis suggests that demand may be affected in several centres, but supply does not follow as quickly in Vancouver and Toronto as in other centres. We are seeing that. The idea is to hold a discussion on how to help the supply respond to demand. So we have to do a comparati
January 30th, 2017Committee meeting
Michel Laurence
Finance committee At CMHC we have done some long-term demographic projections. These are based on census data. We look at cohorts over time and how their demand for housing evolves. From what I can remember, going out as far as 2020 or 2030, there's still an ongoing demand for more housing. Even
January 30th, 2017Committee meeting
Michel Laurence
Finance committee Again, we don't track the data for foreign investment with a mortgage, or without a mortgage through cash. We are looking to collect that information. We recognize there is a data gap and we are looking to fill or address that gap. What we do know from our own analysis is that fo
January 30th, 2017Committee meeting
Michel Laurence
Finance committee I would just like to add that we're in consultations with Statistics Canada to collect that kind of information, starting with information from land registry data in the larger census metropolitan areas across the country. We may not collect the data right now, but we're in the p
January 30th, 2017Committee meeting
Michel Laurence
Finance committee CMHC has done some survey work to cover the extent of foreign investment in condominiums. Typically, the percentages are very low. We don't make any distinction whether it is through cash transactions or with or without mortgages. There's that bit of information, but we don't tra
January 30th, 2017Committee meeting
Michel Laurence