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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@8V8T75M4yrs4Y
No, but the government should ensure that affordable residences for rent exist for people unable to purchase homes
@8TW4RDK4yrs4Y
No, they should just properly regulate the housing industry such that prices don't inflate faster than currency inflation.
@8TVYP534yrs4Y
Should get involved with increased housing market and lack of income to accommodate
@8T7FGL64yrs4Y
120k is a stretch. Unless it's made by both working adults.
@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
@8R4ZY594yrs4Y
Depends how much less than 120K
@8PLK7TK4yrs4Y
if it’s one person paying for everything in the household
@8PJ7SQN4yrs4Y
Depending on the situation, yes.
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.
@8SBY9YHNew Democratic4yrs4Y
Yes, and tax foreign buyers and housing speculators to pay for it.
they should make it cheaper for people who arent like a rich person
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