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:
@9DZJPLNConservative2yrs2Y
Yes, only for first time home buyers
@8CYCP9V5yrs5Y
Yes, but money should be focused to the families that have a low 'combined' income
@9RC6QJK9mos9MO
No, the government should limit the number of homes that can be bought by a single person or corporation
@9RW6ZLWConservative9mos9MO
no, but we should implement more programs, such as lower interest rates on mortgages for low-income homes.
@9TPPX3Q8mos8MO
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.
@9KBFTYW 1yr1Y
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.
@8TVYS424yrs4Y
No, government should encourage denser housing construction, penalize multiple ownership, and ban foreign buyers.
@B537XBBNew Democratic4 days4D
Yes but only for first time home buyers. Plus a limit needs to be placed on the number of homes bought by a single person or corporation, as well as a way to ensure only Canadian citizens can qualify. Housing market is too accessible for foreign home buyers
@B532T844 days4D
Should provide a subsidy for everyone. Just because people make more than that doesn't mean they so t struggle too
@B52MSHK5 days5D
Yes but I don't think subsidize is the right word. Give more incentives to help home buyers get a home. FHSA and first time home buyer incentives are there but can be expanded upon.
@B52BRPJ5 days5D
government housing should have a rent to own option so these place don’t get run down and give the people a reason to have pride in there homes. Just an idea
@B529JZY5 days5D
No. Home buying should disappear entirely as a government priority. Strict tenancy laws and a highly regulated real estate market should allow for security to income earners, and comfortable living standards for all. Landlords should become a chartered profession, like accounting, with bad actors losing their licence to rent. In the long run, the ability for Canadians make exorbitant about of money on the purchasing and selling of properties on stolen Indigenous land should be outlawed.
@B526QB75 days5D
No, and government should limit the number of homes that can be bought by a single person or corporation. GST should be removed for first time, buyers and those with low income.
@B4ZXVVS6 days6D
Yes, but only to Canadians citizens who have lived here and gone to school for most of their life (at least all high school and college/university) and is successfully contributing to society.
@B4ZJ5ZG7 days7D
If 120k is not enough to afford a home, which is well above minimum wage, or average wages, we should rethink our economy
@B4Z7JHVConservative1wk1W
No, government should do what it can to fix the economy so that the price of a home comes back down to a reasonable cost because consumer subsidies tend to cause prices to increase so that aid money goes into the pockets of industry.
@B4XMT6PConservative1wk1W
Government should support the creation of well paid jobs and control Supply so there are no price hikes
@B4WVWD71wk1W
No, but the government should be doing something to slow the unprecedented increase to market values (not real value) including limiting single buyers, and capping rental rates and rent increases.
If they work hard but get under $120,000, they should get government help, but if they don't work, they shouldn't be paid from our tax money unless they can't work for a reason.
Yes, Rent is too high too many house aren’t available to the citizens buying a house seems impossible now a days
@B4VF5592wks2W
That would be too difficult to monitor etc but if they received lower interest rates and certain amount required for deposit to help out.
@B4V8XK32wks2W
No but there should be a limit to the number of homes that can be bought by a single person or corporation
@B4V247L2wks2W
No, but the government should put a limit on the number of homes that can be bought by a single person or corporation.
@B4RFTCN2wks2W
The government should limit the number of houses a single entity, but should not be on the hook for subsidies
You can change your thinking and use low-interest mortgages to solve the housing problem and boost the economy.
@B4Q5RTP 2wks2W
Need to produce smaller bungalows style homes instead of developers building to what they can make the most profit on
@B4NWTNK3wks3W
just find a way to lower the cost of living, including finding a home, condo, townhouse of any size.
@B4NLD2F3wks3W
The government should be building homes either to sell or as rentals, rather than subsidizing private construction.
@B4LW25G3wks3W
No, If we start by fixing, inflation and bringing the Cost Of Living down there should really be no need.
@B4KW4F63wks3W
No but any homeowner who does not currently own a house sound be able to qualify for tax free RRSP withdrawn
@B4KJ9LB3wks3W
Government should subsidize home buyers who make less than $60K per year. Subsidizing people who earn $60k to $120K would be just feeding into inflation.
@B4KG6HT3wks3W
Yes, for first time home buyers and with other criteria taken into account. Especially in favor of single parents/families
@B4J3VX24wks4W
Not if it’s to take more taxes from the middle class. They already pay enough to cover dental plan, $10 daycares and education. Cutting some salaries to half is too much.
@B4H5T5Z4wks4W
The subsidies should be on a sliding scale less for the higher income and more for the least income.
@B4FHCQQ4wks4W
you need homes to subsidize. the more homes built will make housing drop in price therefore no subsidy required.
@B4F9SGD4wks4W
Yes, government should match home buyers down payments, up to a certain limit. Just giving a handout isn’t helpful but matching their dedication to their own savings, and planning, would be a hand up, and therefore more helpful.
Also yes, government should limit the number of homes that can be bought by a single person and/or corporation.
@B4C3V2H1mo1MO
The range should be less than $100k, and the government should limit the number of homes that can be bought by a single person.
@B4BF3T31mo1MO
Yes Ona first home and no subsidies to corporations or other individuals in the rental business. Subsidies only on a person's first home
@B49LKNY1mo1MO
i think that we should focus more so on making housing affordable for what we currently have, as well as making it so renting is a less lucrative buisness
@B48NXNX1mo1MO
No, instead less exessive and double regulations are to be imposed to promote development. Additonally, the promotion of condo and multifamily housing should be prioritised in order to better use the available space.
@B486XBX1mo1MO
No because home prices should be brought in line with incomes. This could only make the situation worse.
@B4855RG1mo1MO
No, housing prices should be brought down and wages should go up. Make the buying of homes more financially feasible by strengthening the economy.
@B474JYD1mo1MO
i believe that someone on a 100k salary can buy a home but someone who makes 50-70k would need the help
@B46RH441mo1MO
Yes, make housing free and state provided with a 75 year renewable lease. Abolish the corrupt rental economy.
@B46L2NC1mo1MO
No, and foreign purchases should be monitored to ensure they are maintaining property standards. Government should limit the number of houses that can be bought by a single person or corporation.
@B462PDJ1mo1MO
Have less taxes, keep tax payer money in Canada or become more efficient so that people can afford to buy a home.
@B45T7J21mo1MO
The government should invest in housing to make the price down, this will help everyone also reduce inflation, reduce corruption
@B4577M91mo1MO
Government shouldn't subsidize home buyers making less than 120k, but should limit the number of homes that can be bought by people and corporations
@B43SXTX 1mo1MO
Subsidize homebuyers but tie it to increasing housing supply, ensuring developers build more affordable housing.
Limit subsidies to first-time buyers in high-cost areas, rather than offering blanket assistance.
Encourage rent-to-own programs instead of direct subsidies, allowing gradual ownership.
Increase funding for affordable housing construction, which addresses the root problem rather than just demand.
Implement tax reforms to discourage speculation, such as higher taxes on empty homes or multiple properties.
@B42T79S1mo1MO
I think they should get the help they need but should realize that they should not get special treatment when there are hard workers out there earning that type of money. so, they must pay back the government after a certain amount of time full price.
@B42T76Z1mo1MO
This questions very one sided and is hard to answer because of different peoples point of view, some might say it's unfair to people who actually try and put in work to make more then 120k a year yet some low income workers who do not try to increase it may get help to find homes while other have to pay it all on their own. Therefore, this question needs to be rewrite and looked over again.
@B3X4XCZ2mos2MO
no, but the Government should put stricter laws in place to limit people and corporations from flipping property's to become wealthy. this adds to the housing affordability crisis in my opinion
@B3QNMWT2mos2MO
People should be allowed to own a primary residence and a vacation home. After that they should be taxed progressively higher and higher with each additional housing project. Companies and corporations should not be allowed to purchase homes whatsoever.
@B3NV7HG2mos2MO
The number should be higher to keep up with inflation. I do agree with the subsidizing first-time home buyers,
@B3MHVY72mos2MO
I would say the government could do that if some people are in a unfair situation where the funds would benefit them greatly in terms of living quality.
@B3K9X782mos2MO
It depends, but if it is done unfairly by other means, then the government can't but if it is done through the right means, then they could but there would have to be stipulations as to not create problems or loopholes that make no sense because there should be transparency in this case.
@B3J8PMG2mos2MO
No, the government should focus on making housing more affordable through subsidizing national, provincial and municipal building projects, temporarily removing red tape on building permits and zoning restrictions, and adding national rent controls
@B3HFH752mos2MO
Limit the amount of homes foreign buyers and corporations can buy but not hard working Canadians using it as another source of income
@B3DKFHC2mos2MO
No, and the government should provide affordable housing with targeted assistance for first time home buyers
@B3CSF7F2mos2MO
No and the government should limit or exponentially tax based on the number of homes that can be bought by a single person or corporation
@B39D2FT2mos2MO
No, the government should instead do a better job regulating the real estate industry. They need to make open bidding illegal
@B395RFR2mos2MO
No, it should suck it up and pop the bubble, and learn the lesson from alowing exploiting income properties.
@B36H52D2mos2MO
Housing rates should be lowered and subsiding should be for those of lower then 60 k yearly and those new to the countries
@B35YY8P2mos2MO
The government should create a system based on a person's financial status and salary, and use that to create proper subsidizes (I am disabled, I have debt, I am the sole provider in a family of 4, I am only providing for myself, I have investments, etc)
@B34YX9N2mos2MO
Yes, but only if individuals are financially supporting unemployed members of their family as small as 3 individuals.
No, but prices should be controlled and offers should be made available to other buyers. Bidding should be allowed only if the starting price is much lower than the market (bank) value
@B324X4F3mos3MO
Yes, because house prices have skyrocketed and it's become extremely hard to pay your mortgage in this economy.
@B2WR9DT3mos3MO
Subsidy should not be needed, the government should address root issues of the housing inaffordability crises
@B2VV8TB3mos3MO
No, but build at public expense many starter homes of various kinds of sufficient quality to allow low income owners to buy and build equity. Also, support co-ops
@B2VDNWTNew Democratic3mos3MO
depends on the price of utilities, groceries, the state of the economy, and the amount of people living in the home.
@B2RHKVS3mos3MO
Subsidize buyers who have a household income of less than $80,000 pa & limit the number of homes that can be bought by a single person or corporation
@B2QVV6HConservative3mos3MO
if you're a citizen of Canada then no, all people should be able have somewhere to live, but taking away Holmes for foreigners isn't right
@B2LW7QG3mos3MO
Government shouldn’t be involved it telling people what to do with their money. If they lowered income taxes for people who make under 100,000 as well as stopped causing mass immigration & the housing crisis the incompetent government created, people would be able to afford to buy their homes as they have in the past without government subsidies. Government subsidies only lead to increased taxes.
@B2GYS3C3mos3MO
The government should build public social housing at below-market rates to guarantee a right to housing for all.
@B2DQSLR 4mos4MO
No, instead housing should be more regulated to slow down inflation and cut high prices on houses not to guarantee housing for all but rather to give everyone a better opportunity to own a house
@B2DHJ8T 4mos4MO
We are now in 2025 so 120K per year is just barely able to pay the mortgage, car payment and daily spends.
@B2D2F8N4mos4MO
pop the housing bubble. Houses are not worth what they are advertised on the market. People making 120k should be able to afford a single-family home in Canada. The inflated prices of houses in Canada are ridiculous.
@B2C43724mos4MO
I believe that the government should subsidize peoples housing under the liveable wage to get to the liveable wage.
We should be letting the market decide. It went up because of speculation, let it come down because of that too. Just make sure it's not abused again
@B292M3P4mos4MO
We should have zero corporate ownership of homes, zero foreign buyers, and increase the empty homes tax to over 100%
@B24CB2J5mos5MO
Maybe. Needs more thought and proper policy but this could be a good idea. Qualification is important.
@9ZJG7776mos6MO
Subsidization should be applicable to a larger group. The threshold is too low, given the current economy. The threshold should be $220K
@9ZHCGXD6mos6MO
Yes, although it depends. It absolutely without a doubt can help people afford homes, groceries, vehicles, and more.
@9YMQZBK6mos6MO
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
@9YDGG9X6mos6MO
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.
@9TG95F88mos8MO
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.
@9T7XY378mos8MO
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.
@9T3R3V98mos8MO
the cost of homes shouldn't be so expensive to the point where the government has to subsidize in the first place
@9SSRG9H8mos8MO
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.
@9SLJBJV8mos8MO
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.
@9S9R2T49mos9MO
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.
@9RXF7FT9mos9MO
No, the government should get involved in the housing market and create supply in order to deflate the housing bubble.
@9RQNPMR9mos9MO
No because it will not help control inflation of property prices. Increasing supply will reduce rentshouse prices back to affordable
@9RBY87R9mos9MO
No, but the government should regulate the number of homes that can be purchased by a single person/corporation
@9RBVGVQ9mos9MO
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 10mos10MO
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
@9QSFSCC10mos10MO
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.
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