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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@9FFRRL82yrs2Y
Focus on reducing cost of house rather than subsidizing
@967ZPGPConservative3yrs3Y
Depends on the financial situation
@8VVB4W84yrs4Y
If they can do a back flip
@8VHHLGY4yrs4Y
What does subsidize mean?! IM A HIGHSCHOOLER
@8V99PQM4yrs4Y
No, instead require real estate businesses to be owned by employees and stakeholders.
@8V7LS654yrs4Y
Maybe have incentive programs for 1st time buyers and young people to keep the economy stimulated, like in early 80s...AHOP program, or less required for down payment, many youth can pay as they work and may even make good money but at such astronomical prices, they will take decades to get the down payment. Also, for a short time, maybe limit the number of homes per one person, as they buy them and hold those who don't have all that cash hostage so you are forced to only rent while they get richer and prices rise and youth NEVER get to own... Even if they create a % cap over what ind… Read more
@8V56VJZNew Democratic4yrs4Y
Make land ownership limited to Canadian Citizens only
@8KNBPWZ4yrs4Y
Depends on how much money is subsidized
Yes, and work towards paying people a livable wage so that they are actually able to save up to afford homes with their income.
@9BCZWQP2yrs2Y
Subsidize home buyers who make less than 80k, they will eventually pay it back.
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