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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@9FNZN8PNew Democratic2yrs2Y
Should be lowered to $100,000
The government should help them to some extends
Yes but only for first time buyers and scale based on wealth (2-20%)
@95XK8CC3yrs3Y
Governments should subsidize home buyers who make less than $70,000 per year
@93RB6873yrs3Y
The government in addition to doing this should lower the cost of housing in order to avoid spending so much on helping others.
@8VVZV8J4yrs4Y
No, but they should educate people on managing finances better and provide homes with fairer pricing (condos, appartements) for people with lower incomes.
@8VHDXZX4yrs4Y
Should deal with supply issues instead of pushing demand for starter homes
@8VDG9YR4yrs4Y
Government should control housing prices
@8V585ZZ4yrs4Y
Yes, but also should lower the down payment amount
@8TW4RDK4yrs4Y
No, they should just properly regulate the housing industry such that prices don't inflate faster than currency inflation.
@8TVYP534yrs4Y
Should get involved with increased housing market and lack of income to accommodate
@8TVM8DF4yrs4Y
No, but the government should change policy around realtors and blind bidding, making prices fairer and transparent
@8RGTCB64yrs4Y
They should provide a head start to for first time home buyers to get into the market but I don't think they should be given a full grant every time.
@8RB4X4Z4yrs4Y
Yes, depending on the region
@8QR7Q5P4yrs4Y
Limits on profit margarins and the business nature of building and selling homes
@8QGMSJ54yrs4Y
Depends on area’s cost of living
they should for people who make less than 40k a year
@8PJ7SQN4yrs4Y
Depending on the situation, yes.
@8J638ZBNew Democratic5yrs5Y
There should be prevention of foreign buyers buying homes that are not lived in. And more affordable housing.
@9CMSLDJNew Democratic2yrs2Y
Yes, but the government should limit the amount of houses they can subsidize for an individual (the individual can still buy more houses but the government will not subsidize)
@8Q5YVK44yrs4Y
Yes, but only for home buyers that make less than $45K per year
@8YPF2QS3yrs3Y
Yes but with a lower minimum annual income
@8YB8J6N3yrs3Y
Foreign ownership and land speculating must be severely limited and new, environmentally designed houses/communities should be built to create new stock
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