Canada Mortgage and Housing Corporation

The Canada Mortgage and Housing Corporation (CMHC) is like a big helper for people who want to buy houses or apartments. They help people get a loan, which is like borrowing money, to purchase a home.

When you want to buy a home, you usually can't just pay for it all at once. Instead, you have to borrow money from a bank or a mortgage company. But sometimes it can be hard to get a loan because the bank or mortgage company might think you won't be able to pay them back. This is where CMHC comes in.

CMHC is owned by the Canadian government and they help people get home loans by providing insurance to banks and mortgage companies. Insurance is like a promise, they promise to help pay back the loan if the person who borrowed the money can't pay it back. This makes it easier for people to get a loan because the bank or mortgage company can be more sure they'll get their money back.

CMHC helps lots of people buy homes every year. They also do other things, like helping to make sure that houses and apartments are built properly and that people who rent them have a safe and healthy place to live.

Overall, the Canada Mortgage and Housing Corporation is a big help for people who want to buy a home but need a little extra assistance to make it happen.