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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@B2VV8TB2mos2MO
No, but build at public expense many starter homes of various kinds of sufficient quality to allow low income owners to buy and build equity. Also, support co-ops
It’s more complex and nuanced than that; better to allow mortgages to lower down payments to first/starter homes to 3 percent, with good rental history
@964L9G93yrs3Y
Yes, but lower the cap to $70k
@92GSQQ53yrs3Y
No but they should pay for one house
The amount should depend on where you live
@8S295MY4yrs4Y
No, but government should work with industry to spur innovation in affordable housing.
@8NS8XRHNew Democratic4yrs4Y
I think the government should subsidize those who make much less than that. There should be a percentage calculation dependent on the income of the individual and how many people they support in their household.
@99HZCMTNew Democratic2yrs2Y
yes if neccessary but they should lower the prices of homes if possible
@96ZH3SQ2yrs2Y
No, but the government should limit the number of homes that can be owned a single person or entity.
@8WF3Q3F4yrs4Y
I think there should be living spaces for everyone no matter what their income is. There should be freedom to have 4 walls and roof over everyone’s head.
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