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A $20 Billion Dollar Canadian Real Estate Opportunity
Description
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
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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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