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:
Discussions from these authors are shown:
Corporations should not be allowed to own any single family homes. Sinlge family homes are for families.
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.
@93RB6873yrs3Y
The government in addition to doing this should lower the cost of housing in order to avoid spending so much on helping others.
@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
@8TXY7BL4yrs4Y
The government should place strong limits on non-resident purchases of real estate.
@8TW4RDK4yrs4Y
No, they should just properly regulate the housing industry such that prices don't inflate faster than currency inflation.
@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
The government should build social housing units for everyone, so that we have affordable housing for all.
@8Q5YVK44yrs4Y
Yes, but only for home buyers that make less than $45K per year
@8YB8J6N3yrs3Y
Foreign ownership and land speculating must be severely limited and new, environmentally designed houses/communities should be built to create new stock
No, This will artificially additionaly inflate the housing bubble.
@nnekascott4yrs4Y
Yes, and every citizen should receive a free home
Loading the political themes of users that engaged with this discussion
Loading data...
Join in on more popular conversations.
