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.
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@8G3WF9Y5yrs5Y
Subsidize for home owners who make less than $40,000 dollars a year
@9FNZN8PNew Democratic2yrs2Y
Should be lowered to $100,000
@9CMF5CW2yrs2Y
They should not be able to buy a really expensive house because they likely won't be able to pay it back.
Yes but only for first time buyers and scale based on wealth (2-20%)
@95XK8CC3yrs3Y
Governments should subsidize home buyers who make less than $70,000 per year
@94N3SN73yrs3Y
Only for smaller homes, or environmentally friendly homes
@93RB6873yrs3Y
The government in addition to doing this should lower the cost of housing in order to avoid spending so much on helping others.
@92JWPGRNew Democratic3yrs3Y
Yes, but for those making less than $75K
@8VVZV8J4yrs4Y
No, but they should educate people on managing finances better and provide homes with fairer pricing (condos, appartements) for people with lower incomes.
@8VL7RTL4yrs4Y
Yes, the government should limit the number of homes or property's that can be bought by a single corporation.
@8V8T75M4yrs4Y
No, but the government should ensure that affordable residences for rent exist for people unable to purchase homes
@8V585ZZ4yrs4Y
Yes, but also should lower the down payment amount
@8V5848X4yrs4Y
Housing for people making under $70k should be more accessible
@8TXY7BL4yrs4Y
The government should place strong limits on non-resident purchases of real estate.
@8TWKQVV4yrs4Y
The government should subsidize home buyers who make less that $75K per year
@8TW4RDK4yrs4Y
No, they should just properly regulate the housing industry such that prices don't inflate faster than currency inflation.
@8TMWH6M4yrs4Y
It depends how much less they're making
@8T7FGL64yrs4Y
120k is a stretch. Unless it's made by both working adults.
No, they should subsidize home buyers who make less than 60k, not 120k.
@8S7PLJQ4yrs4Y
Depends on local housing costs
@8RGTCB64yrs4Y
They should provide a head start to for first time home buyers to get into the market but I don't think they should be given a full grant every time.
@8RB4X4Z4yrs4Y
Yes, depending on the region
@8PLK7TK4yrs4Y
if it’s one person paying for everything in the household
@8PJSPKV4yrs4Y
Possibly, would have to look more in-depth for that question
@8NSJNJ64yrs4Y
they should help people that need a home and who are living homeless and in shelters instead.
@8J638ZBNew Democratic5yrs5Y
There should be prevention of foreign buyers buying homes that are not lived in. And more affordable housing.
The government should build social housing units for everyone, so that we have affordable housing for all.
@8TJ5M7B4yrs4Y
Maybe less than $80K, $120K is too high.
@8YB8J6N3yrs3Y
Foreign ownership and land speculating must be severely limited and new, environmentally designed houses/communities should be built to create new stock
@nnekascott4yrs4Y
Yes, and every citizen should receive a free home
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