New foreign ownership data will be released next month

New foreign ownership data will be released next month

New foreign ownership data will be released next month
Improved data on housing finance, needs, and markets are the aims of partnerships between the CMHC and other organizations. 

For housing finance, the agency says it wants to get a complete picture of the mortgage sector whether it is CMHC-insured or not. It has already accessed data from a credit reporting company to gain insights into mortgage trends.

Its partnerships with Finance Canada, the Bank of Canada, Statistics Canada and OSFI will be used to identify and address data gaps.

CMHC says that it will release the first data from the Canadian Housing Statistics Program in association with StatsCan next month. It will cover foreign ownership of homes in Toronto and Vancouver.

More market update: