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@ISIDEWITHQuestionsHousing Issues6yrs ago

Should the government subsidize home buyers who make less than $120K per year?

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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 @B46L2NCfrom Ontario  answered…4wks4W

No, and foreign purchases should be monitored to ensure they are maintaining property standards. Government should limit the number of houses that can be bought by a single person or corporation.

 @B3QNMWTfrom Ontario  answered…1mo1MO

People should be allowed to own a primary residence and a vacation home. After that they should be taxed progressively higher and higher with each additional housing project. Companies and corporations should not be allowed to purchase homes whatsoever.

 @8RFDJX8from Ontario  answered…4yrs4Y

yes but not to much

 @9FBPH4Gfrom Ontario  answered…2yrs2Y

It’s there decision to buy a house up to the people

 @95HK34HConservativefrom Ontario  answered…3yrs3Y

The government should subsidize housing developments to help companies offset their costs and lower the price of the houses

 @93M39FRfrom Ontario  answered…3yrs3Y

No, they should focus on actually fixing the housing market in the first place by lowering costs, etc.

 @8TKPWQSfrom Ontario  answered…4yrs4Y

Depends from province to province.

 @9CCHYSHfrom Ontario  answered…2yrs2Y

no, and the government should limit the number of homes that can be bought by a single person or corporation

 @8TJ5M7Bfrom Ontario  answered…4yrs4Y

Maybe less than $80K, $120K is too high.

 @8WLPVN7from Ontario  answered…4yrs4Y

Yes, but very little

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