<DOCUMENT>
<TYPE>EX-8
<SEQUENCE>5
<FILENAME>m33041a1exv8.txt
<DESCRIPTION>CONSENT OF MILBANK, TWEED, HADLEY & MCCLOY
<TEXT>
<PAGE>

                                                                       EXHIBIT 8

                                     CONSENT

     We hereby consent to the use of our name in the first and second paragraphs
under the heading "Legal Opinions" in the Prospectus Supplement dated September
7, 2006 to the Prospectus dated August 14, 2003 relating to debt securities
issued pursuant to Registration Statement No. 333-107880 of Canada Mortgage and
Housing Corporation.

September 14, 2006


                                        /s/ Milbank, Tweed, Hadley & McCloy LLP
                                        ----------------------------------------
                                        Milbank, Tweed, Hadley & McCloy LLP
</TEXT>
</DOCUMENT>