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@ISIDEWITHQuestionsHousing Issues6yrs ago

Should the government subsidize home buyers who make less than $120K per year?

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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 @96BD3YPfrom British Columbia  answered…3yrs3Y

Help them if they ask for it

 @93XCV3WPeople’sfrom New Brunswick  answered…3yrs3Y

The government should should leave home buyers alone. They can make as much money as they want

 @8W9QTK5from Alberta  answered…4yrs4Y

Yes but only for first time home buyers

 @8VRVLR6from Saskatchewan  answered…4yrs4Y

Dependant on individual circumstances. There should be an extensive application process.

 @8V9JGGWfrom Ontario  answered…4yrs4Y

Yes, however 120k seems to high. Maybe 80k it’s suppose to be for low income households

 @8TY8TLJfrom Ontario  answered…4yrs4Y

We lack required Inventory of house in all major cities. Instead of any subsidy, we need govt to invest in building more apartments/ houses to reduce the demand-supply imbalance

 @8SG9ZBCfrom British Columbia  answered…4yrs4Y

Stop letting the chinese buy all the houses!

 @8PGXJQ4from British Columbia  answered…4yrs4Y

Only support those who's financial status has been proven to be ill through government-run means-testing program

 @9C8DTJ3from Manitoba  answered…2yrs2Y

Depending on the circumstances there should be a criteria they have to reach

 @9BBG8QHfrom Alberta  answered…2yrs2Y

Kinda, but try and find a way that it won’t effect the taxing for other people

 @99FKQTMConservativefrom Nova Scotia  answered…2yrs2Y

The government should subsidize home buyers who make less than $75k per year

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