The Conservative government of Brian Mulroney basically privatized and commercialized the agency---properties worth millions of dollars were divested, including Habitat by architect Moshe Safdie.
|Habitat '67 in Montreal, Quebec.|
Section 28 (1):
"The Corporation has the power to manage, acquire, hold, lend, lease and dispose of real and personal property."
(The Mulroney government planned to privatize Canada Post and the Coast Guard, see Page 296 of the book "On the Take" by Stevie Cameron.)
The Kingstonian Apartments at 780 Division Street in Kingston, Ontario were built on public land, with public money. But the housing development was denationalized:
|A 2007 classified ad from the Globe and Mail newspaper. The Kingstonian Apartments were renamed "Frontenac Place".|
The Fraser Institute lobbied for the devolution of all Canada Mortgage and Housing holdings in British Columbia, to the province of BC.
British Columbia, a beautiful province tainted by years of political corruption--- Expo '86; BC Rail; BC Ferries; closure of campgrounds at provincial parks; Sea to Sky Highway; the renovation of BC Place; sale of provincial buildings, parkland and waterways...
|A Fraser Institute document, calling for the devolution of CMHC real estate to the province of BC.|
|The Blair Rifle Range in North Vancouver was owned by DND from 1927 until 1967, when it was sold to the Canada Mortgage and Housing Corporation. (Image is from the Directory of Federal Real Property.)|
National Housing Act - 1995-1825 - Authority to enter into a SUPPLEMENTARY AGREEMENT between the Crown, the Province of BRITISH COLUMBIA and the CANADA MORTGAGE AND HOUSING CORPORATION which provides for future changes in the active party responsible for the development of the land comprised of the former BLAIR RIFLE RANGE, located in the District of North Vancouver.