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CMHC looks to raise extra money for housing outside of billions from government
OTTAWA — The chief executive of the Canada Mortgage and Housing Corp. says his agency wants to raise hundreds of millions more dollars to help Canadians afford places to live, adding to the billions already available in government funding.
Evan Siddall said the aim is to raise $100 million more for housing, quickly and likely from private sources, because the money pledged by federal and provincial governments over the next decade or so isn’t enough to make housing affordable for everyone in the country.
CMHC’s corporate plan, released last month, set the ambitious goal of providing all Canadians with homes they can afford and meet their needs by 2030.