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Minister Bergen Addresses Canadian Real Estate Association Conference

Highlights Government Commitment to the Stability of the Housing Market and Financial System

OTTAWA, ONTARIO -- (Marketwired) -- 05/11/14 -- The Honourable Candice Bergen, Minister of State (Social Development) today addressed the 2014 Canadian Real Estate Association (CREA) Political Action Committee (PAC) Days Conference, highlighting the Government's measures to ensure the accessibility and sustainability of housing, including social housing for those most in need.

The Minister also reiterated the Government's commitment to ensuring the stability of the housing market and financial system and ensuring mortgages are available to creditworthy Canadians at a reasonable cost.

Quick Facts:


--  Since 2006, the Government has invested more than $16.5 billion in
    housing, including more than $2 billion in stimulus funding under
    Canada's Economic Action Plan.

--  These investments have benefitted tens of thousands of households across
    Canada - promoting new home building, home renovation and job creation.

--  As Canada's national housing agency, CMHC provides a broad range of
    objective housing research and market analysis information to Canadian
    governments, consumers and the housing industry to help them make
    informed housing decisions.


QUOTES:

"Canada came through the recent global recession better than any other country in the western world. The strength of the housing sector, supported by realtors, was a big part of that reason," said Minister Bergen. "That strength was due to hard work, careful planning, prudent investments and the strong leadership of Prime Minister Stephen Harper."

"The Canadian Real Estate Association is proud to collaborate with the federal government on resources that put consumers first," said Beth Crosbie, President of The Canadian Real Estate Association. "A prime example of this is our collaboration on the Homebuyers' Road Map. It arms Canadians with the knowledge, skills and confidence to make responsible home buying decisions, contributing to the long-term stability of the housing market."

Follow CMHC on Twitter @CMHC_ca

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