Really?
Is that why Canada has a federal housing minister?...or is he too busy finding ways to make more money building smartphone apps?
What level of government is CMHC?
Who controls immigration?
Who controls bank regulations?
Who controls federal fiscal policy?
You don't think all that affects housing in provinces and cities?
Helping deliver the Government of Canada’s commitment to make housing more affordable
CMHC supports housing programs for people whose housing needs aren’t being met by the market.
A financial institution providing housing finance solutions, evidence-based insights backed by the latest research and data,
and we deliver the government’s housing programs.
https://www.cmhc-schl.gc.ca/about-us/cmhcs-story