CMHC Paid $31.7 Million in Bonuses While Vancouver Affordability Crashed: What This Means for Mortgage Reliability

The Canada Mortgage and Housing Corporation distributed $31.7 million in taxpayer-funded bonuses during the 2025-26 fiscal year, according to government records obtained by the Canadian Taxpayers Federation. Executive leadership alone collected $3.5 million, averaging $44,800 per executive, while non-executive staff received $28.2 million. The disclosure, released in response to an order paper question, reveals that CMHC refused to specify what percentage of executives received bonuses in 2025-26, citing personal information privacy, though previous years showed roughly 99 percent of executives took bonuses. This payout occurred despite the Crown corporation's public mandate of achieving "housing affordability for all" by 2030, and comes as the average Canadian now directs more than half of their income toward housing costs—up from 39 percent in 2019.