Sociologist Bob Jessop theorizes that the actions of the capitalist state involve it weighting competing class interests, some of which are invariably afforded greater relevance depending on given political economic circumstances. The favourable selection of certain class interests at the expense of others is a process, moreover, that is subject to influence by changing historical blocs. This thesis examines how the state, using the CMHC as its conduit, has over time managed the often conflicting class interests associated with affordable housing policies. My central argument is that Canada’s shift between the golden and globalization historical blocs saw housing policy shift away from Keynesian principles towards globalization, neoliberalism, and financialization. Whereas the golden era saw the state institute numerous publicly funded measures in an effort to solve housing issues, the globalization era compelled the state to withdraw its presence in housing, and more explicitly favour investors and the private sector generally.