Canada Mortgage and Housing Corp (CMHC), a financial housing company, plans to invest $241 million in the development of new tools intended to collect precise data on the ever-changing real estate market over the next decade.
With the investment, CMHC will promote housing research, both inside and outside government through housing research scholarship program.
Together, these would be crucial in providing feedback that would give the CMHC a much better understanding of the dynamics of housing affordability nationwide.
More so, a further $200 million will be invested into the Affordable Housing Innovation Fund, which will help in the construction and maintenance of up to 4,000 low-cost housing units over the next 5 years.