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 $1.25 billion.
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@9F4FD4P2yrs2Y
I would agree that if someone makes under a certain amount of money from their job they should get some aid when it comes to owning a house, but I feel like this could be supported in different ways. Such as slightly higher pay in certain jobs or circumstances depending on the individuals life style.
@9ZMMC235mos5MO
There is merit in supporting people with lower incomes buy homes. However it is not to the benefit of the buyer if they do not have the means of owning the home.
@9FNDHRT2yrs2Y
No, I think to government shouldn’t limit it but should check for credit and make sure they’re able to maintain a home.
The government should help them to some extends
@8VKVKXK4yrs4Y
Yes, but it should be lower than 120k a year. Less than 80k
@8RGQ5DG4yrs4Y
Only if you make under 30,000$
@8QRNKHZConservative4yrs4Y
If you work hard enough in life , you shouldn’t have to worry about money
@8GJ3FBJ5yrs5Y
They should subsidize home buyers who make less than 50K per year
@8GM3KRM5yrs5Y
yes as long as the home buyers are working hard and not playing around waiting for money.
@8YVXYQL3yrs3Y
Afford what you can afford. Don't pay for something that you cant afford.
@8YVXXCP3yrs3Y
not 120k but more so familys under 70k
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