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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@999XCCQ2yrs2Y
Only if the person who needs finacial support has been looking for a better job, and working hard.
@93GL8JK3yrs3Y
I think if we looked at how we lend money and what requirements need to be met to borrow money we could be helping lower income families buy homes. For example if you have been paying $1500 in rent for over a year and never missed a payment why can you not qualify for a home costing the same monthly amount.
@8VNNDLL4yrs4Y
Not if they are able to pay their bills.
@8VD2S4K4yrs4Y
Only limit number of homes owned by a person or corporation
@8TXY7BL4yrs4Y
The government should place strong limits on non-resident purchases of real estate.
@8QQZPGVConservative4yrs4Y
Yes, although how it is given out should be determined on individual financial status and the amount of dependants that the home buyers have.
@8PJF9PZ4yrs4Y
A program that assists homeowners when they lose their job due to no fault of their own
@8PGB5Z54yrs4Y
@8P3MG9H4yrs4Y
Look at their qualifications and any other things that might stop them from preventing them to make more than that amount to make sure they are not taking advantage of this. Also consider the type of house that they are trying to purchase
The Government should give them money but should make them take an oath to use it for its intended purpose.
@9BZVY7M2yrs2Y
No, but if you can afford rent consistently you should be able to qualify for the mortgage amount the rent would equal to.
@999XF8LConservative2yrs2Y
only if there are not able to make any more then they are currently cause of a medical issue
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