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.
Narrow down the conversation to these participants:
@8CYCP9V4yrs4Y
Yes, but money should be focused to the families that have a low 'combined' income
@9TPPX3Q3mos3MO
No, but massively increase home building, make it illegal for corporations to buy residential properties and tax individuals owning >1 residential property at 50% the value of every non-residence property annually.
@9RC6QJK5mos5MO
No, the government should limit the number of homes that can be bought by a single person or corporation
@9DZJPLNConservative1yr1Y
Yes, only for first time home buyers
@9KBFTYW 10mos10MO
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.
@8TVYS423yrs3Y
No, government should encourage denser housing construction, penalize multiple ownership, and ban foreign buyers.
@B24CB2J2wks2W
Maybe. Needs more thought and proper policy but this could be a good idea. Qualification is important.
@9ZJG7771mo1MO
Subsidization should be applicable to a larger group. The threshold is too low, given the current economy. The threshold should be $220K
@9ZHCGXD1mo1MO
Yes, although it depends. It absolutely without a doubt can help people afford homes, groceries, vehicles, and more.
@9YMQZBK2mos2MO
Yes, there should be a set amount to support home buyers who make less than $120k if the home buyers need it and will eventually be able to pay it back, without interest cost
@9YDGG9X2mos2MO
If it was an investigated troubled family I would subsidize give them compensation, however if its a junky, or genuine lazy person I do not believe in subsidization.
@9TG95F83mos3MO
There shouldn't be a subsidy, there should be situations in place for couples, to earn money and not rely on the government for everything. The government has the responsibility to ensure homes are being created for people to afford on a 120k or less a year salary, depending on the locations. This means boosting the quality of life so that there is more jobs and homes than the population.
@9T7XY374mos4MO
Yes but not increase interest or taxes because the reason for why housing prices have doubled was Trudeau letting too many immigrants in and there not being enough houses for'em.
@9T3R3V94mos4MO
the cost of homes shouldn't be so expensive to the point where the government has to subsidize in the first place
@9SSRG9H4mos4MO
120 K a year is plenty of enough money for a person to buy their own home. I would set the threshold lower. The government should limit the number of homes that can be bought by a single person or corporation. In theory that should decrease competition for home buyers, and make buying homes a more fair and affordable process.
@9SLJBJV4mos4MO
Yes…since governments are doing zero to deter profiteering in this area they need to start subsidizing housing until such time as housing prices drop to 33% of the average income in any geographical area.
@9S9R2T44mos4MO
This is a free economy and as soon as you start subsidizing this of that, every other damn thing you no longer have a free economy.
@9RXF7FT5mos5MO
No, the government should get involved in the housing market and create supply in order to deflate the housing bubble.
@9RW6ZLWConservative5mos5MO
no, but we should implement more programs, such as lower interest rates on mortgages for low-income homes.
@9RQNPMR5mos5MO
No because it will not help control inflation of property prices. Increasing supply will reduce rentshouse prices back to affordable
@9RBY87R5mos5MO
No, but the government should regulate the number of homes that can be purchased by a single person/corporation
@9RBVGVQ5mos5MO
How is this considered the answer to the housing crisis. Whoever you have creating these polls is so sadly disassociated with reality that they should actually be held civilly responsible for the upcoming collapse of the Canadian economy.
@9QSH3TL 6mos6MO
stop the tax on those who make more... its not fair for those who work their butt off and then get more than half of theire income taxxed
@9QSFSCC6mos6MO
This is a waste of spending as even the bottom of localized listings could not afford the mortgage payments on less than $120k per year.
@9NLQQF37mos7MO
No, but economic stimulus should target areas that are separated from the cash flows of their city or whatever idkman im drunk
@9N227WH7mos7MO
No, but a loan should be offered instead at a very low interest rate and reduced taxes-- this also depends on the cost of the home (should be less than $1 000 000)
@9MK284K7mos7MO
if you have lived in canada for more then 5 years you should be able to buy as many homes as you wish but if youre not from the country or have been here for less then 5 years you should only be able to own 1 house at a time
@9MFXWQH8mos8MO
Yes, but as soon they earn more, the government should stop subsidizing those who make less than $120K annually.
@9MBPGWW8mos8MO
Some people make poor choices and that’s why they aren’t as fortunate so giving them money doesn’t seem fair
@9M9B3JL8mos8MO
I think it varies how much the govenment pays. if less than 10 pecent than no, but if it is higher than probably yes.
@9M5WCY9Conservative8mos8MO
I believe that the government should put in regulations so that the cost of buying a house and living is less expansive instead of giving people money
It depends if the home buyer can afford the home they're buying. This can be affected by area where the person is living in. A very good example of this is in Vancouver, where the average hose is 1,960,800$.
@9LNL99N8mos8MO
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
@9LF9HLP9mos9MO
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.
@9LD8F4Q9mos9MO
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.
@9L2NYDL9mos9MO
The government should subsidize home buyers regardless of how much they make maybe through a home contribution fund from the taxes
@9KZNNL99mos9MO
Focus on the economy don’t subsidize and limit the amount of home a single person/ corporation can buy
@9KDYD2W10mos10MO
No, but they should also limit the number of homes available to be bought by a person or corporation
@9K92VNM10mos10MO
Lower costs of homes and limit the number of housing that can be bought to prevent money laundering.
@9JZV4G6Conservative10mos10MO
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.
@9JZDBDS10mos10MO
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
@9JVPMV211mos11MO
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.
@9JVMDVDConservative11mos11MO
Government should instead invest in building more houses and lower permit requirements for construction
@9JT36CN11mos11MO
their should be a regulation on housing bought buy foreign party's not in Canada or come to Canada using them as investments
@9JRN9GN11mos11MO
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
@9JK53DW11mos11MO
Housing should have a cap on how much builders and private sellers can sell for everyone deserves a warm place to sleep
@9JHHFFYNew Democratic11mos11MO
Corporations should not be allowed to own any single family homes. Sinlge family homes are for families.
@9JC6BKV11mos11MO
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.
@9JBR3N611mos11MO
Government should check identity of buyers since they bought multiple properties on the identity of their family members. It should be avoided.
@9GNXXXT1yr1Y
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.
@9GJPKWT1yr1Y
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.
@9GG6WCK1yr1Y
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
@9GFVHJM1yr1Y
it depends because 120k per year is still alot but if they are making very little amounts then yes the government should assist them
@9GBGRC61yr1Y
Yes if the base cost of living in Canada exceeds a threshold. Currently, this would be of help to current or potential home owners
@9G9MV2T1yr1Y
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.
@9G9MRGS1yr1Y
The govt’t should subsidize homebuyers by allowing low-interest mortgages for households who make less than 100k per year.
@9G8W3TG1yr1Y
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.
@9FT9JTL1yr1Y
If they are making a really low income, then yes, if they are making steady income and wasting it no
@9F5KMPV1yr1Y
The government should make it easier for low income people to buy a house. Owning a house shouldn't be a luxury for the rich. Low income people need help affording homes.
@9F4FD4P1yr1Y
I would agree that if someone makes under a certain amount of money from their job they should get some aid when it comes to owning a house, but I feel like this could be supported in different ways. Such as slightly higher pay in certain jobs or circumstances depending on the individuals life style.
@9DXHB5C1yr1Y
No but limit ppl and corporations
@9DTRY3M1yr1Y
subsidise housing progressively for people until a combined income of 200K
@9DRSS9J1yr1Y
Yes dependant on the price of the home.
@9DLP8DB1yr1Y
Right now yes because prices are too high
@9DK3RYT1yr1Y
Depending on what house is being purchased, yes.
@9DHRMNZ1yr1Y
The government should subsidize home buyers who make less than $80K per year.
@9DHJR721yr1Y
The liberal government needs to do a better job than the last 8 years. They need to know where we stand financially (I’m sure. They do, just too embarrassed to come out and say it) we wouldn’t need to subsidize if they know what they were doing and the party kicked JT out of office.
@9D95C4P1yr1Y
No, but more can be done to reduce multiple speculative home buyers - increasing taxes on each additional property bought
@9D6R7J41yr1Y
depends on each case circumstances like number of family members, how many are working, health status etc..
@9D4YF47Libertarian1yr1Y
No, but make mortgage payments (for everyone, regardless of income) tax deductible to encourage home ownership. It is proven that long term renters are more prone to need welfare than home owners, therefore home ownership should be encouraged.
@9D4V5MC1yr1Y
Available public housing for different income streams should be available to Canadians who choose this option with adequate ammenties and space.
@8KRZ68W4yrs4Y
Only if they are in need of financial help
120k is a TON of money. I’d rather see the down payment minimum go down or the stress test percentage
@8G3WF9Y4yrs4Y
Subsidize for home owners who make less than $40,000 dollars a year
@8DTFW3X4yrs4Y
government, should help out people who earn less and should limit number of homes that can be bought by a single person
@8DNJDJP4yrs4Y
Yes, some families and the homeless should be able to have access to this type of service.ddwaaasdaasdawdsssawdawdad
@8DHWBFT4yrs4Y
It’s there money if they can’t make it it’s their fault
@8TJ5LNT3yrs3Y
No, and the government should limit the number of houses that can be bought by a single person or corporation
@B24FNQY2wks2W
Subsidizing demand does not fix the issue. Heavily tax multiple home ownership, ban non resident ownership and have the CMHC directly build housing again.
@B229T772wks2W
They should limit the amount of immigrants so that housing can go back to being affordable and there fore there is no need for this
@9ZZ5NL23wks3W
Since when is that low income. Most university educated individuals don’t make this amount. And it didn’t include peoples with disabilities or elders
@9ZXM9KL3wks3W
I think that based on the persons circumstances should determine whether or not the government subsidizes home buyers.
@9ZVG4LX4wks4W
i think they should but to and extent. if you are making less than 40 or 50k then i think they should maybe help
@9ZTXY874wks4W
If they are government workers, the government should subsidize them. However, it is not necessarily a good idea for the government to spend like that- they can't afford it.
@9ZQ3NN31mo1MO
People who make less than 120K should live in apartment dwellings where possible. Rent subsidies should exist, but not for ownership.
@9ZNNCNDIndependent1mo1MO
We need to focus on housing the great Canadians we have before we even think about increasing population.
@9ZMMC231mo1MO
There is merit in supporting people with lower incomes buy homes. However it is not to the benefit of the buyer if they do not have the means of owning the home.
@9WZ44D22mos2MO
I think that it would depend on the situation, where if the individual is working hard and can only earn less than $120K per year, the government should subsidize home buyers.
@9WPFJ7W2mos2MO
No and Yes. Lower the qualifying amount to be under the average wage, which is currently $54,000 / annum. Also, there should be restrictions on the kinds and prices of of homes for which the buyer qualifies, such as $54,000 / annum earning qualifies for an interest free loan of $50,000 to help qualify for a $200.000 townhome, or condo.
@9VVJGFWConservative2mos2MO
I think changes should be made to lending to allow rent stats to be taken into consideration (ie if you paid your rent on time, every time, for so many years that is a factor) as well as amounts. Often mortgage payments can be LESS than current paid rent
@9VSW6DK3mos3MO
Anybody who makes less than $80,000 a year should get subsidies from the government especially if they are first-time homebuyers.
@9VHLKZC 3mos3MO
I feel that if u make 120k per year that's a lot of money, if it was dropped to below 60-70k then yes they should.
no, but the the government should limit the number of homes that can be bought by a single person or corporation.
@9TXF8NV3mos3MO
The subsidy should be based on the average home price in the city which it is being bought in. Some places would need a subsidy even if a couple were making over 200k
@9TP5TBR3mos3MO
if they're making, like, 14k a year, I think so. If its so little to a point where the quality of life gets bad, yes the government should subsidize.
@9TMG6K43mos3MO
in specific surcomestances familys should get help from schools and the government in order to survive
@9J233ZK12mos12MO
As long as it doesn’t interfere with the country safe security wise on the final stage and projects an image of strength
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