Siddall is also a co-founder of craft brewery Side Launch Brewing Co.[4], Siddall has been a vocal defender of the Trudeau government's mortgage stress test which has made it harder to qualify for a mortgage in Canada.[5][6]. He joined the Board of the Davis Phinney Foundation in 2016. But with home prices soaring, was it enough? Siddall has questioned the level of government support for first-time homebuyers, and has challenged banks to accept a greater share of the risk associated with the mortgages they sell. In February, Ron Liepert, a Conservative member of Parliament from Alberta, called Siddall “arrogant.” The CMHC boss had just given testimony at the House of Commons Finance Committee that effectively called out critics of tighter mortgage-lending rules as self-interested.
Canada Mortgage and Housing Corporation (CMHC) ©2020, Federal/Provincial/Territorial Housing Agreements, Other funding and financing opportunities, The Community Housing Transformation Centre, CMHC Housing Research Scholarship Program, Check if You are Financially Ready to Own a Home, Maintain Your Home and Protect Your Investment, Chapter 3: The Pros and Cons of Condominium Ownership, Checklist for Buying a Resale Condominium, Physical Evaluation Checklist (For Resale Units), Questions to Ask Advisors and Condominium Experts, Government of Canada Programs to Support Homebuyers, Mortgage Financing Options for People 55+, COVID-19: Understanding Mortgage Payment Deferral. It’s interesting whether I worry we’re in a race against a financial crisis.”. “I was quite affected by it,” Siddall says of the book, first published in 2007. Evan Siddall, head of Canada Mortgage and Housing Corp., has long been outspoken about what he calls “the glorification of home ownership” and the “overpromotion” of buying property. Canada’s homeownership rate surged to about 70 per cent in recent years, among the highest in the world. That CMHC no longer exists. Siddall spent five years at Burns Fry Limited (later BMO Nesbitt Burns) (1989-1994) before leaving as Managing Director to become a Vice President of Goldman Sachs & Co in 1997.
He also participates in an annual executive education program at Harvard Business School.
“That was the hardest thing ever,” he says. “It was very, very intense,” she says. from Osgoode Hall Law School, York University. ", https://www.linkedin.com/in/evan-siddall-b98a7416/, Request Evan or another CMHC representative as a speaker at your event: speakers@cmhc.ca. Siddall, 51, spent his first three months at CMHC doing little but observing and asking questions. He was appointed CEO of CMHC for a five-year term effective January 1, 2014.
From the outside, those interested in policy and governance can be forgiven if it all seems too good to be true. “That’s a misunderstood factor about CMHC. Siddall’s predecessor, Karen Kinsley, worked at a Toronto developer before she joined the agency, and spent 25 years at CMHC, 10 as the boss. (Incidentally, Siddall has some experience with that sort of thing. “When a white person buys a house, we don’t notice,” he said at the event, hosted by the Vancouver Board of Trade. It flat out rejected any suggestion its insurance schemes were inflating house prices.