top of page
< Back

Save this article  > 

Final week to provide feedback on proposed changes to the Canada Mortgage Bonds program

Brett Surbey
Publication date:
July 11, 2023
Article Summary: 

This week marks the final week of the consultation period for proposed changes to the Canada Mortgage Bonds (CMB) program, which aims to consolidate the CMB program into the government's general debt program. The goal is to reduce borrowing costs and direct savings into affordable housing projects. Some stakeholders have expressed concerns about potential hidden costs and disruptions to the stability of CMBs. The government plans to use the savings to continue purchasing National Housing Act Mortgage-Backed Securities from Canadian mortgage lenders and to provide funding to mortgage lenders at a cost in line with the current CMB program. The consolidation is expected to take approximately 10 years, and the government has invited feedback from industry stakeholders before finalizing its plans in the fall.


Canada Mortgage Bonds, CMB, government debt program, borrowing costs, affordable housing projects, consultation period, National Housing Act Mortgage-Backed Securities, CMB consolidation, stakeholders, potential savings, funding, mortgage lenders, National Housing Act, feedback, stability, risks.

Source Citation: 
Brett Surbey
Final week to provide feedback on proposed changes to the Canada Mortgage Bonds program
July 11, 2023
Did you find this article useful? 
Your feedback is important not only to us, but to all the other key players in the condo industry.  Help us by letting us know if this article is relevant and useful.  This will help us prioritize articles that provide helpful guidance to other key players like you. 

Please login to use this feature.

bottom of page