What is bonding? How to meet CMHC Bonding Requirements?
Steve Ness
President – Surety Association of Canada
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Steve Ness began his career in the surety industry in 1981 and is currently the President and Chief Operating Officer of the Surety Association of Canada, having assumed the post in August 1994. He is also one of the association’s founders and one of its original directors.
Mike Cluett
Regional Director – Surety Association of Canada
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Mike Cluett joined the Surety Association of Canada in January 2026 and holds the role of Regional Director, Ontario & Atlantic Canada. He is responsible for expanding the use of surety products among construction purchasers and other bond users in Ontario and the Atlantic Canada provinces (Newfoundland & Labrador, New Brunswick, Nova Scotia, and Prince Edward Island) by promoting the interests of the surety industry with public bodies and other stakeholders.
Webinar outline:Â
- The Surety Industry – Who is the SAC?
- CANCEA Report from May 2025 – quick overview – May 2025
- Surety Bonds 101 – what they are, tie in to CMHC
- Construction Risk –Â CMHC & The Surety Industry – why contractors fail –Â
- CMHC Bonding Requirements
- Contractor Default – What Happens During the Claim Process
Construction Innovation ChecklistÂ
This document is a supplementary resource to
episode #24 of the Real Estate Development
Insights Podcast in which Payam Noursalehi shares a practical framework for evaluating and selecting the most suitable innovative systems for your next project.Â
