Updated:
CMHC
CMHC was created in 1946 as Canada's national housing agency. Its pension plan operates as a defined-benefit vehicle for the corporation's employees.
CMHC
CMHC was created in 1946 as Canada's national housing agency. Its pension plan operates as a defined-benefit vehicle for the corporation's employees. The plan is governed by trustees led by Ray Williams. The fund holds a 20-acre retail development site in Oshawa, Ontario, valued at C$45 million, and a joint-venture interest in the Centre Kirkland mixed-use project in Montreal with RioCan Real Estate Investment Trust. It also owns the Lachine Industrial Portfolio in Quebec and maintains separate infrastructure and agriculture portfolios with global reach. Public equity sleeves include a 17.2 percent allocation to Canadian equities and a 17.6 percent allocation to foreign equities as of the 2024 report. The plan participates in the Crestpoint Institutional Real Estate Trust Fund and the CMLS Mortgage Fund. It is regulated by the Office of the Superintendent of Financial Institutions and adheres to guidelines from the Canadian Association of Pension Supervisory Authorities. Coleen Volk serves as President and CEO of the parent corporation. CMHC also manages the National Housing Strategy, a federal program launched in 2017 that has committed over C$82 billion to affordable housing initiatives.
General information
Firm type
Pension Fund
Location
Region
North America
Country
Canada
City
Toronto
Corporate office
70 York Street Suite 1100, Toronto, Ontario, Canada
Principals
Coleen Volk
President and CEO
Ray Williams
Chair of the Pension Fund Trustees
Thiago Valdo
Oversees infrastructure, private equity, and agriculture portfolios
Sector focus
Frequently asked questions
Who runs investment decisions at CMHC Pension Fund?
Ray Williams chairs the Pension Fund Trustees. Thiago Valdo oversees the infrastructure, private equity, and agriculture portfolios. Coleen Volk serves as President and CEO of the parent Canada Mortgage and Housing Corporation.
What asset classes does CMHC Pension Fund allocate to?
The fund targets a 5 percent allocation to private equity. It maintains direct and joint-venture real estate positions, an infrastructure portfolio, an agriculture portfolio, and public equity sleeves in Canadian and foreign markets.
Does CMHC Pension Fund invest through funds or direct deals?
The plan holds both direct real estate assets and limited-partner interests in vehicles such as the Crestpoint Institutional Real Estate Trust Fund and the CMLS Mortgage Fund.
Where does the underlying wealth come from?
The plan is the defined-benefit pension for employees of Canada Mortgage and Housing Corporation, a federal Crown corporation established in 1946.
What regulatory oversight applies to CMHC Pension Fund?
The plan is regulated by the Office of the Superintendent of Financial Institutions and follows governance guidelines from the Canadian Association of Pension Supervisory Authorities.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on pension funds?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: