In September 2019 the government introduced a plan where prospective home buyers can finance 5-10% of their mortgage via a shared equity program administered by Canada Mortgage and Housing Corporation (CMHC). Households who make $120K or less and put down 5% will qualify for the program which will cost an estimated $1.25 billion.
@8CY8CX74yrs4Y
@8CYCP9V4yrs4Y
Yes, but money should be focused to the families that have a low 'combined' income
@8RFDJX83yrs3Y
@8RF256Z3yrs3Y
subsidize home buyers who make less than $90K per year
@8Q8NHDP3yrs3Y
The government should subsidize home buyers who make less than $100K per year.
@8CYWH9K4yrs4Y
Yes, or we can’t get our taxes back, which is too much.
@9DZJPLNConservative8mos8MO
Yes, only for first time home buyers
@8TVYS423yrs3Y
No, government should encourage denser housing construction, penalize multiple ownership, and ban foreign buyers.
@9MFXWQH2 days2D
Yes, but as soon they earn more, the government should stop subsidizing those who make less than $120K annually.
@9MBPGWW7 days7D
Some people make poor choices and that’s why they aren’t as fortunate so giving them money doesn’t seem fair
@9M9B3JL1wk1W
I think it varies how much the govenment pays. if less than 10 pecent than no, but if it is higher than probably yes.
@9M5WCY9Conservative2wks2W
I believe that the government should put in regulations so that the cost of buying a house and living is less expansive instead of giving people money
It depends if the home buyer can afford the home they're buying. This can be affected by area where the person is living in. A very good example of this is in Vancouver, where the average hose is 1,960,800$.
@9LNL99N4wks4W
I think it depends on the situation, the government should totally lower house prices but the person have to pay for the house. Anyone should pay for there house but the prices should be lowered
@9LF9HLP1mo1MO
The government needs to force housing prices down, they have gotten out of control. We will need a plan that punishes those who have helped create the absurd prices.
@9LD8F4Q1mo1MO
No, and reduce inflation, stop immigration, and send everyone who’s immigrated here in the last 10 years back to their home countries so that we can have our country back for ourselves—less people is what we need, not more homes.
@9L2NYDL2mos2MO
The government should subsidize home buyers regardless of how much they make maybe through a home contribution fund from the taxes
@9KZNNL92mos2MO
Focus on the economy don’t subsidize and limit the amount of home a single person/ corporation can buy
@9KDYD2W3mos3MO
No, but they should also limit the number of homes available to be bought by a person or corporation
@9KBFTYW 3mos3MO
No, but the system of home building and purchasing needs to be regulated or reformed so that the current inflationary, predatory lending, and artificial pricing needs to stop.
@9K92VNM3mos3MO
Lower costs of homes and limit the number of housing that can be bought to prevent money laundering.
@9JZV4G6Conservative3mos3MO
No subsidizing. Make Canada an affordable country again. My grocery bill before "covid" was $150/week. It is now $200-300 per week now - whether we get meat or forego it. My 3 bedroom apartment that has the water off - at least once per month for the whole day - $2410/month. No backyard. No space. Rude neighbours. Owning a house, with a garage should not be $800,000+.
I should be able to get a position as an EA that is fulltime and permanent. But government restrictions. I should make more like $32/hour because I'm worth it. I shouldn't need to have over $120,000 saved, to buy a home. Our government is why I live pay to pay, and I am not the only provider here.
@9JZDBDS3mos3MO
Existing Home owners are greatly subsidized; there is space to help new home owners, but renters should also be put on par — renters don’t have exemptions from capital gains on any investments. Best to overturn zoning and increase supply; also make it difficult for REITs to make money on land; remove incentives to own more than one property
@9JVPMV23mos3MO
No, fix the problems regarding home affordability, overall cost of living and the artificial inflation of housing and there will no longer be a need to subsidize housing.
@9JVMDVDConservative3mos3MO
Government should instead invest in building more houses and lower permit requirements for construction
@9JT36CN3mos3MO
their should be a regulation on housing bought buy foreign party's not in Canada or come to Canada using them as investments
@9JRN9GN3mos3MO
It should be given to people with fair reasons for it, but there should be a time limit on how long the government provides this
@9JK53DW4mos4MO
Housing should have a cap on how much builders and private sellers can sell for everyone deserves a warm place to sleep
@9JHHFFYNew Democratic4mos4MO
Corporations should not be allowed to own any single family homes. Sinlge family homes are for families.
@9JC6BKV4mos4MO
Banks and Lenders should be regulated in a way to discourage the bubble cycle that's contributing to the massive inflation in the housing market.
@9JBR3N64mos4MO
Government should check identity of buyers since they bought multiple properties on the identity of their family members. It should be avoided.
@9GNXXXT7mos7MO
There should be CMHC mortgage loans that provide stability to lower incomes, and help them afford a house alongside other Canadian home owners.
I think that the government should build more homes and decrease the prices because they are too high to live.
@9GJPKWT7mos7MO
The government should allow for individuals making less than 120k to submit receipts for housing costs and evaluate based on household spending against housing costs to determine appropriate tax breaks.
@9GG6WCK7mos7MO
I do not think that the government should subside for the people making less money but maybe implicate a few homes that are more affordable for this reason
@9GFVHJM7mos7MO
it depends because 120k per year is still alot but if they are making very little amounts then yes the government should assist them
@9GBGRC67mos7MO
Yes if the base cost of living in Canada exceeds a threshold. Currently, this would be of help to current or potential home owners
@9G9MV2T7mos7MO
no but i would say yes if the income was lower. if the average income is $40,000 then $120,000 would cover too many people and we could not afford it.
@9G9MRGS7mos7MO
The govt’t should subsidize homebuyers by allowing low-interest mortgages for households who make less than 100k per year.
@9G8W3TG7mos7MO
If the family has only one child,I don't think it's necessary,but if there are many children,,I think subsidies are needed.
The government should subsidize those who were originally able to afford a home on their salary, but may lose it to circumstances evidently out of control.
@9FT9JTL8mos8MO
If they are making a really low income, then yes, if they are making steady income and wasting it no
@8YNMFX72yrs2Y
Neither, fine with the way it is
@8W9QTK53yrs3Y
Yes but only for first time home buyers
They should just build more housing.
Yes, but not more than they need
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