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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@B462PDJ4wks4W
Have less taxes, keep tax payer money in Canada or become more efficient so that people can afford to buy a home.
@9GNXXXT1yr1Y
There should be CMHC mortgage loans that provide stability to lower incomes, and help them afford a house alongside other Canadian home owners.
@9GR4B891yr1Y
I do not believe this because if someone makes 120k and someone else makes 119k should they be the same?
@95K5YQG3yrs3Y
We should encourage Canadians to save money for a house or other future financial goals by opening avenues for them to save for it, like through TFSAs or RRSPs, even through other means like the First Time Home Buyer's Incentive, and potentially removing student debt as ways to help them achieve their goals.
@95DH7PG3yrs3Y
I would say be cautious. We should encourage people the ability to save for a house through different programs, but we shouldn't necessarily be subsidizing individuals alone. We should be making affordable housing more accessible, bringing down prices as much as possible as well as other reforms.
@8W65SXT4yrs4Y
No, if you have the money to do so there should be nothing wrong with owning a number of homes.
@8VB6QCWConservative4yrs4Y
Should be decided on a case by case basis
@8KL2SL64yrs4Y
Subsidy should kick in at 50 000
No, but they should remove the lending obstacles they've put in the way
@9BK2RQ62yrs2Y
Subsidize housing across the country through funding for municipalities and developers, and community organizations, and the CMHC. Also encourage people to help renovate homes into duplex, as well as even change zoning requirements. Have housing for students as well, which should also be affordable. Also, have a TFSA and First Time Homebuyers Incentive.
@96Z72XK2yrs2Y
Maybe actually do something about housing speculation and implement strict rent/vacancy controls. We do not have free markets in this country aside from real estate. No party has implemented policy that has made housing more affordable. Only the hike in interest rates has.
@8V95WZ24yrs4Y
Regulation in terms of flipping and foreign ownership
@TiniestAsian4yrs4Y
Yes, if the buyers housing contains more than 2 people
@8DJSSTF5yrs5Y
depends on where you live and how much stuff will cost in your area
Subsidizing makes it seem as if the government is paying for the house, which it is not. But anything we can do to help people be able to save for a house, as well as make it more affordable is very worthwhile, and we should consider it.
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