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
@9628FT63yrs3Y
I think that they should be allowed to apply for it if needed
@94N3SN73yrs3Y
Only for smaller homes, or environmentally friendly homes
@942RRBV3yrs3Y
Dealing with housing in general is important. Purchasing might or might not be the right way.
@8VVZV8J4yrs4Y
No, but they should educate people on managing finances better and provide homes with fairer pricing (condos, appartements) for people with lower incomes.
@8VRZY3V4yrs4Y
This should be a case by case basis and yes the government should be taxing corporations that own housing heavily in order to subsidize public housing, however individuals or families that own 2-5 properties in order to generate an income should not be treated the same as multinational corporations buying up apartment blocs.
@8VP6P4Q4yrs4Y
The government should do something about the price of housing and making it easier for people to buy a house
@8VNLT8W4yrs4Y
Should regulate the amount that houses should be able to go for, but not subsidize
@8VHDXZX4yrs4Y
Should deal with supply issues instead of pushing demand for starter homes
@8VDG9YR4yrs4Y
Government should control housing prices
@8V8T75M4yrs4Y
No, but the government should ensure that affordable residences for rent exist for people unable to purchase homes
@8V7C4Z7Bloc Québécois4yrs4Y
No, but the government should subsidize cooperative housing
@8V67R5D4yrs4Y
Yes, if they are first-time home buyers.
@8V5QQBQNew Democratic4yrs4Y
Should be allowed less of a downpayment. Or given interest free loan for downpayment if they have a good credit history.
@8TWJPY34yrs4Y
I think the current first time home buyers program is good. I wouldn't count it as a subsidy since the government then owns a % of the person's home, though. More like a split mortgage?
@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
@8TLZ8DHNew Democratic4yrs4Y
I'm honestly confused by the question
@8TKPWQS4yrs4Y
Depends from province to province.
@8THC23V4yrs4Y
Yes but only for home buyers who make less than $90K
@8TGH3P84yrs4Y
All housing should be free.
Yes, and the government should limit the number of homes that can be purchased by foreign buyers
Not every service can be provided by the government or should be expected to be provided by the government. 120k per year is a large salary that can comfortably support a mortgage and a family.
@8T4MX9W4yrs4Y
Maybe only under 40 or 30k, 120k is an awful lot per year and enough to live more than comfortably.
@8S7PLJQ4yrs4Y
Depends on local housing costs
@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
@8R4ZY594yrs4Y
Depends how much less than 120K
@8PS3C2K4yrs4Y
don’t even know what that means
@8PPWC7N4yrs4Y
No, only for home buyers who make less than $50K per year
@8PLK7TK4yrs4Y
if it’s one person paying for everything in the household
they should for people who make less than 40k a year
@8PJ38BR4yrs4Y
Yes and they should not allow non-Canadian citizens to purchase property
@8CJF37X5yrs5Y
Income should be below provincial median income
@98QLV4Y2yrs2Y
They should only subsidize them if they make less than 90k
@8VGRM694yrs4Y
Yes but there shouldn’t be any increase in terms of taxes
@8TJ5M7B4yrs4Y
Maybe less than $80K, $120K is too high.
@8SBY9YHNew Democratic4yrs4Y
Yes, and tax foreign buyers and housing speculators to pay for it.
@8YLS2NNNew Democratic3yrs3Y
The government should fund public housing and housing co-ops
@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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