JASON Kenney, Minister of Employment and Social Development, Minister for Multiculturalism and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), on Friday announced the appointment of Navjeet Singh (Bob) Dhillon to the CMHC Board of Directors. Dhillon is the first Canadian of Sikh background to be appointed to the CMHC Board.
“I am pleased to announce the appointment of this very experienced and talented individual to the Board of CMHC,” said Kenney. “Mr. Dhillon’s corporate experience and real estate expertise will be of tremendous benefit to the CMHC Board.”
Dhillon is the founder, President and CEO of Mainstreet Equity Corp., a Calgary-based publicly traded company listed on the Toronto Stock exchange that acquires underperforming assets (low rent rental-apartments), clusters them into apartment complexes, and upgrades them to mid-market rental units. Dhillon has more than two decades of experience in acquiring and repositioning all types of properties. As a board member, Dhillon will help CMHC ensure that the Canadian housing system remains one of the best in the world.
“I am honoured to be joining CMHC’s Board of Directors and being part of an organization that has played an important role in promoting a strong financial system in Canada,” said Dhillon. “I have been involved in real estate all of my life and it is an opportunity to give back to Canada and to my community.”
Dhillon is an active member of Canada’s Sikh community, and has been involved in many philanthropic interests, including the preservation of Sikh cultural heritage.