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Central Mortgage And Housing Corporation
Canada Mortgage and Housing Corporation (CMHC) (french: Société canadienne d'hypothèques et de logement) (SCHL) is Canada's national housing agency, and state-owned mortgage insurer. It was originally established after World War II, to help returning war veterans find housing, and is a wholly-owned Crown Corporation of the Government of Canada. Since then, it has seen its mandate expand to the mandate of improving access to housing, including owned and rental. About The CMHC operates with a primary mandate of providing mortgage liquidity, assist in establishing affordable housing development, and provide arms-length advice to the Government of Canada, and housing industry. Despite the claim of independence, the Crown Corp acts as Canada's national housing agency. As such, it administers Federal housing programs such as the First-time home buyer loan, acts as a mortgage insurer (primarily for high-leverage loans), and provides housing research. The agency's governance is ...
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Ottawa
Ottawa (, ; Canadian French: ) is the capital city of Canada. It is located at the confluence of the Ottawa River and the Rideau River in the southern portion of the province of Ontario. Ottawa borders Gatineau, Quebec, and forms the core of the Ottawa–Gatineau census metropolitan area (CMA) and the National Capital Region (NCR). Ottawa had a city population of 1,017,449 and a metropolitan population of 1,488,307, making it the fourth-largest city and fourth-largest metropolitan area in Canada. Ottawa is the political centre of Canada and headquarters to the federal government. The city houses numerous foreign embassies, key buildings, organizations, and institutions of Canada's government, including the Parliament of Canada, the Supreme Court, the residence of Canada's viceroy, and Office of the Prime Minister. Founded in 1826 as Bytown, and incorporated as Ottawa in 1855, its original boundaries were expanded through numerous annexations and were ultimately ...
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Evan Siddall
Evan Siddall (born 1965) is the Chief Executive Officer of the Alberta Investment Management Corporation. Previously he served as the CEO of Canada’s state-owned mortgage insurer, the Canada Mortgage and Housing Corporation. Background Siddall holds a B.A. in Management Economics from the University of Guelph, and an LL.B. from Osgoode Hall Law School, York University. He also completed the President's Program in Leadership executive education program at Harvard Business School. Career Siddall served as President & Chief Executive Officer of the Canada Mortgage and Housing Corporation (CMHC) from January, 2014 to April, 2021. He was appointed CEO of CMHC for a five-year term effective January 1, 2014. Siddall's role entailed leading CMHC as it implemented Canada’s 10-year National Housing Strategy. In 2018, Siddall's term was renewed for another two years, to December 2020. On Tuesday, January 14, 2020, Siddall announced that he would not be renewing his term at CMHC, th ...
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Government Agencies Established In 1946
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed governm ...
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Companies Based In Ottawa
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Canadian Federal Crown Corporations
Canadians (french: Canadiens) are people identified with the country of Canada. This connection may be residential, legal, historical or cultural. For most Canadians, many (or all) of these connections exist and are collectively the source of their being ''Canadian''. Canada is a multilingual and multicultural society home to people of groups of many different ethnic, religious, and national origins, with the majority of the population made up of Old World immigrants and their descendants. Following the initial period of French and then the much larger British colonization, different waves (or peaks) of immigration and settlement of non-indigenous peoples took place over the course of nearly two centuries and continue today. Elements of Indigenous, French, British, and more recent immigrant customs, languages, and religions have combined to form the culture of Canada, and thus a Canadian identity. Canada has also been strongly influenced by its linguistic, geographic, and ec ...
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Federal Departments And Agencies Of Canada
Federal or foederal (archaic) may refer to: Politics General *Federal monarchy, a federation of monarchies *Federation, or ''Federal state'' (federal system), a type of government characterized by both a central (federal) government and states or regional governments that are partially self-governing; a union of states *Federal republic, a federation which is a republic *Federalism, a political philosophy *Federalist, a political belief or member of a political grouping *Federalization, implementation of federalism Particular governments *Federal government of the United States **United States federal law **United States federal courts *Government of Argentina *Government of Australia *Government of Pakistan *Federal government of Brazil *Government of Canada *Government of India *Federal government of Mexico * Federal government of Nigeria *Government of Russia *Government of South Africa *Government of Philippines Other *''The Federalist Papers'', critical early arguments in fa ...
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1946 Establishments In Canada
Events January * January 6 - The 1946 North Vietnamese parliamentary election, first general election ever in Vietnam is held. * January 7 – The Allies recognize the Austrian republic with its 1937 borders, and divide the country into four Allied-occupied Austria, occupation zones. * January 10 ** The first meeting of the United Nations is held, at Methodist Central Hall Westminster in London. ** ''Project Diana'' bounces radar waves off the Moon, measuring the exact distance between the Earth and the Moon, and proves that communication is possible between Earth and outer space, effectively opening the Space Age. * January 11 - Enver Hoxha declares the People's Republic of Albania, with himself as prime minister of Albania, prime minister. * January 16 – Charles de Gaulle resigns as head of the Provisional Government of the French Republic, French provisional government. * January 17 - The United Nations Security Council holds its first session, at Church House, Westmin ...
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Rainwater Harvesting In Canada
Rainwater harvesting is becoming a procedure that many Canadians are incorporating into their daily lives, although data does not give exact figures for implementation. Rainwater can be used for a number of purposes including stormwater reduction, irrigation, laundry and portable toilets. In addition to low costs, rainwater harvesting is useful for landscape irrigation. Many Canadians have started implementing rainwater harvesting systems for use in stormwater reduction, irrigation, laundry, and lavatory plumbing. Provincial and municipal legislation is in place for regulating the rights and uses for captured rainwater. Substantial reform to Canadian law since the mid-2000s has increased the use of this technology in agricultural, industrial, and residential use, but ambiguity remains amongst legislation in many provinces. Bylaws and local municipal codes often regulate rainwater harvesting. Multiple organizations and companies have developed in Canada to provide education, technolo ...
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Granville Island
Granville Island is a peninsula and shopping district in the Fairview, Vancouver, Fairview neighbourhood of Vancouver, British Columbia, Canada. It is located across False Creek from Downtown Vancouver under the south end of the Granville Street Bridge. The peninsula was an industrial manufacturing area in the 20th century. The area was named after Granville Leveson-Gower, 2nd Earl Granville. Granville Island includes a Marketplaces#Types, public market, a marina, a hotel, the False Creek Community Centre, as well as various performing arts theatres including the Arts Club Theatre Company and Carousel Theatre. Granville Island was used as the finale of the film ''Mission: Impossible – Ghost Protocol'' (2011). The Vancouver International Children's Festival, the Vancouver Fringe Festival, and the Vancouver Writers Fest are all located here. Transportation False Creek Ferries and The Aquabus, Aquabus provide ferry service from Granville Island to Downtown Vancouver, Yalet ...
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Equity Sharing
Equity sharing is another name for shared ownership or '' co-ownership''. It takes one property, more than one owner, and blends them to maximize profit and tax deductions. Typically, the parties find a home and buy it together as co-owners, but sometimes they join to co-own a property one of them already owns. At the end of an agreed term, they buy one another out or sell the property and split the equity. In England, equity sharing and shared ownership are not the same thing (see the United Kingdom and England sections below). Equity sharing in different countries United States Equity sharing became desirable in the United States when in 1981 Section 280A of the Internal Revenue Code allowed mixed tax use of a single property for the first time permitting the occupier to claim principal residence tax deductions and the investor to claim investment property tax deductions. Since shared ownership is conferred by the federal tax code, this ownership vehicle can be used in any sta ...
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Stephen Poloz
Stephen S. Poloz (born 1955) is a Canadian banker and was the ninth governor of the Bank of Canada. He is also a member of the board of directors for the Bank for International Settlements. Background Poloz was born in Oshawa, the son of a mould maker. His father is of Ukrainian and Polish descent, and his mother is of English and Scottish ancestry, and a descendant of George Stephen, 1st Baron Mount Stephen. Poloz holds a Bachelor of Arts degree in economics from Queen's University and Master of Arts and Doctor of Philosophy degrees in economics from the University of Western Ontario. He is also a graduate of Columbia University's senior executive program and is a Certified International Trade Professional.Poloz biography
Parliament of Canada website; accessed June 9, 2017.
His doctoral thesis was on ...
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National Housing Act (Canada)
The ''National Housing Act'' (NHA)(the ''Act'') was passed by the Parliament of Canada in 1938 and was intended to promote the construction of new houses, the repair and modernization of existing houses, and the improvement of housing and living conditions. It replaced and expanded the scope of the ''Dominion Housing Act'' of 1935. The purpose of the NHA set out in section 3 "in relation to financing for housing, is to promote housing affordability and choice, to facilitate access to, and competition and efficiency in the provision of, housing finance, to protect the availability of adequate funding for housing at low cost, and generally to contribute to the well-being of the housing sector in the national economy." In 1945, the Central Mortgage and Housing Corporation (later renamed Canada Mortgage and Housing Corporation) was created to administer the NHA. Replacement ''National Housing Acts'' were passed in 1944 and 1954. Major amendments to these acts occurred in 1948, 194 ...
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