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A $20 Billion Dollar Canadian Real Estate Opportunity
The government is increasing the Canada Mortgage Bond issuance limit by $20 billion per year and designating the increased amount for funding mortgage loans on multi-unit rental projects insured by CMHC.
CMHC predicting that Canada needs 3.45 million more homes by 2030
Rental projects must have at least five rental units and can include apartment buildings, student housing, and senior residences.
Canada makes 22.3 billion dollars from tuition fees, that is more than their most major export (auto parts) at 19.2 billion. 76% comes from international students
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