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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@9CM7H5T2yrs2Y
it depends on their lifestyle (ex. if they're not making money because they're a substance abuser then no, but if they're under class because of something like their race then yes)
@93RB6873yrs3Y
The government in addition to doing this should lower the cost of housing in order to avoid spending so much on helping others.
@8V8T75M4yrs4Y
No, but the government should ensure that affordable residences for rent exist for people unable to purchase homes
@8TXY7BL4yrs4Y
The government should place strong limits on non-resident purchases of real estate.
@8TWKQVV4yrs4Y
The government should subsidize home buyers who make less that $75K per year
@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
@8TKPWQS4yrs4Y
Depends from province to province.
@8T7FGL64yrs4Y
120k is a stretch. Unless it's made by both working adults.
@8SJ3CVL4yrs4Y
I need to do more research on this topic
@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
@8PLK7TK4yrs4Y
if it’s one person paying for everything in the household
@8PJSPKV4yrs4Y
Possibly, would have to look more in-depth for that question
they should for people who make less than 40k a year
@8NSJNJ64yrs4Y
they should help people that need a home and who are living homeless and in shelters instead.
@8JMH28L4yrs4Y
Yes but only for first time owners
@9CMHG4TConservative2yrs2Y
Depending on how low their income is
@8VGRM694yrs4Y
Yes but there shouldn’t be any increase in terms of taxes
@8TJ5M7B4yrs4Y
Maybe less than $80K, $120K is too high.
@8GCBWYL5yrs5Y
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