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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Corporations should not be allowed to own any single family homes. Sinlge family homes are for families.
@9TMG6K47mos7MO
in specific surcomestances familys should get help from schools and the government in order to survive
@9FNZN8PNew Democratic2yrs2Y
Should be lowered to $100,000
@9F8MTG9New Democratic2yrs2Y
The government should instead introduced policies to prevent skyrocketing housing prices
@9F8D328 2yrs2Y
Regardless, the government should gain ownership of all houses/apartment buildings, distribute it equally with accommodations for needed space, and make it free. Housing is a human right.
@9FBVJ5GNew Democratic2yrs2Y
Yes, for Canadian born citizens. Take care of your own first and foremost.
@9FBRNSP2yrs2Y
homes should be affordable to everybody and there should be some kind of inspection to show how much your home is actually worth instead of everyone being selfish when they sell their homes for much more than they are worth.
@9BZ53LFNew Democratic2yrs2Y
More housing should be created
@999XCCQ2yrs2Y
Only if the person who needs finacial support has been looking for a better job, and working hard.
@96HHS5QNew Democratic3yrs3Y
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@95SJWGRNew Democratic3yrs3Y
Yes however we should also look at more affordable land options and zoning laws that ban tiny homes as this could be an affordable alternative for many people and allow people of any income level to have a shelter or easily subsidized by the government.
@95MZNW7New Democratic3yrs3Y
Yes, but the amount subsidized be based off the house prices within the province.
@95CJ8VT3yrs3Y
no, I think that the government should subsidize people who make less than 100k a year
@95C4X8VNew Democratic3yrs3Y
Base it off of help from family, including inheritance
@958VWFH3yrs3Y
Subsidize home buyers who make less than $60k
@93Q7B6HNew Democratic3yrs3Y
Yes as long as they are working toward getting a higher paying job.
@93KS3GS3yrs3Y
Yes, but at this point in the economy, the minimum amount people need to make to get help should be raised. A combined family income of $120k is not enough to buy a house on their own. The government should also limit the number of homes that can be bought by a single person or corporation.
@92JWPGRNew Democratic3yrs3Y
Yes, but for those making less than $75K
@8VVBDWWNew Democratic4yrs4Y
No, the government should limit number of homes that can be bought by a single person or corporation
@8VT5WXK4yrs4Y
No, they should make housing more affordable instead
@8VQKTMFNew Democratic4yrs4Y
Foreign ownership should be banned
@8VNJDY5New Democratic4yrs4Y
I'm unsure, but housing needs to be more affordable.
@8VMXKNFNew Democratic4yrs4Y
Housing needs to be de-commodified entirely. Social housing is the way.
@8VKL72J4yrs4Y
No, rent support and building high quality state housing in urban centres is a more effective means of eliminating housing shortages without increasing future inequality (mortgage supports historically entrench hereditary wealth gaps between those who do and don’t receive them due to hereditary property transmission)
@8VG5YGBNew Democratic4yrs4Y
Uneversal Housing should happen instead
@8VDNCS7New Democratic4yrs4Y
Yes, but the qualification must be very specific.
@8V8FLZLNew Democratic4yrs4Y
Yes but proportionally to median incomes in each province
@8V772GPNew Democratic4yrs4Y
No. New home production should be increased, foreign buyers should be taxed, unoccupied homes should be heavily taxed, the number of properties and the absolute square footage of land owned by a person or corporation should be limited.
@8V6K63MNew Democratic4yrs4Y
ban bidding wars. no home should sell for more than its current worth, not hundreds of thousands over. stop blind bidding. make current home owners pay higher down payments. the more homes they own, the higher the down payment. proof of where money has come from to prevent homes neing bought with dirty money. eliminate, or hugely reduce payouts to share holders where corporate ownership is concerned. getting rid down payments all together for first time buyers. making interest higher buyers buying 2nd+ homes. interest should be higher with each new property. make tenancy act more in favour of tenents to discourage slumlord investing.
@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.
@8V59VL54yrs4Y
yes but lower the 120k by quite a lot so it’s only going to those who are seriously in need
@8V5848X4yrs4Y
Housing for people making under $70k should be more accessible
@8V56VJZNew Democratic4yrs4Y
Make land ownership limited to Canadian Citizens only
@8V3HPBLNew Democratic4yrs4Y
Yes, but there should be an application process to receive these fundings, and requirements.
@8TZT5W3New Democratic4yrs4Y
Yes, but for buyers who make less than $80k per year.
@8TY638NNew Democratic4yrs4Y
Rent caps should be initiated so people can afford to live
@8TVYWZ6New Democratic4yrs4Y
Yes, and the government should provide more funding to develop more affordable housing
@8TVRS7PNew Democratic4yrs4Y
No, but should soft cap real estate prices
@8TVQFHDNew Democratic4yrs4Y
Yes and limit the number homes that can be bought and lower the cost to buy a home.
@8TQTW27New Democratic4yrs4Y
Yes, but the government should make housing more affordable for both renters and home buyers by increasing the supply of housing units through direct funding of their construction
@8TQMS4PNew Democratic4yrs4Y
we shouldnt have to pay for houses bruh
@8TLZ8DHNew Democratic4yrs4Y
I'm honestly confused by the question
@8TFVW57New Democratic4yrs4Y
Government should address the causes for the rising housing prices.
@8T4XK6P4yrs4Y
There should be a more progressive land tax to stop property hoarding.
@8SXWSLJNew Democratic4yrs4Y
what does subsidize mean
@8S624SJNew Democratic4yrs4Y
We need more subsidized, affordable, rent controlled rental properties in Canada for those who simply will never be able to purchase a property. Our system is biased towards ownership. That is backwards, narrow-minded thinking.
@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.
@8QQZPGVConservative4yrs4Y
Yes, although how it is given out should be determined on individual financial status and the amount of dependants that the home buyers have.
@8QQCBZWNew Democratic4yrs4Y
Yes, if they make less than $45K per year.
@8QLPSV8New Democratic4yrs4Y
No, that would raise home prices.
@8QL87P34yrs4Y
Yes but it depends on the local housing market.
@8Q4YXWMNew Democratic4yrs4Y
if the person has a large family and is raising kids on his/her own then yes.
@8PPXBX74yrs4Y
It depends of if they are on assisted living, above or below poverty line, and a few other factors. it honestly depends on the situation.
@8PPLF2TNew Democratic4yrs4Y
you mean - *who make less than $60K per year. - $120K per year is Rich. those people do not need subsidies. If you think that $120K per year is poor, than you are part of the problem.
@8PJFJ2MNew Democratic4yrs4Y
They should cut their taxes and make housing more affordable for poorer buyers, and get the money from taxing the rich
@8NYHXJCNew Democratic4yrs4Y
120k is too high a number
@8NSJNJ64yrs4Y
they should help people that need a home and who are living homeless and in shelters instead.
@8NS8XRHNew Democratic4yrs4Y
I think the government should subsidize those who make much less than that. There should be a percentage calculation dependent on the income of the individual and how many people they support in their household.
@8J638ZBNew Democratic5yrs5Y
There should be prevention of foreign buyers buying homes that are not lived in. And more affordable housing.
@8HCWT5GNew Democratic5yrs5Y
Yes, but not 120 k maybe 80 k
@8FZQSG3New Democratic5yrs5Y
It should mainly depend on how many people are living with you, your bills, and how many people you are regularly financially supporting.
@8F74PNTNew Democratic5yrs5Y
it depends on how much less than $120K it is like if they work a minimum wage job.
@8F2J27ZNew Democratic5yrs5Y
Yes but only first time home buyers
@8DDJKTQ5yrs5Y
everyone should get what they need contribute what they can and if we have more than needed give them more
@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)
@9BD3ZDL2yrs2Y
No, but bring down house prices through other means, i.e. building more affordable homes.
@99HZCMTNew Democratic2yrs2Y
yes if neccessary but they should lower the prices of homes if possible
@99CXF76New Democratic2yrs2Y
This cap should be raised as cost of living has drastically increased
@99CB6T9New Democratic2yrs2Y
No, and the government should limit the number of homes that can be bought by...
@995R5ZF2yrs2Y
I don't have much of an opinion about this, it depends on a lot, how any kids you have, if you are in a relationship with someone who makes more or less, etc.
@96STNJ42yrs2Y
Yes, and landlords should be abolished
@96QVWKM2yrs2Y
Yes, and also increase the cost of housing
@92JNS8SNew Democratic3yrs3Y
We are the ones who pay for systems like this
@8V76GNDNew Democratic4yrs4Y
Governments should set the rules that make home or land ownership possible without competing with corporations or wealthy individuals. Governments should put ceilings on dwelling rental rates that keep these rates balanced with income averages.
@8SYDDSX4yrs4Y
Yes, but they should only subsidize buyers who make less than 100K
@8SBY9YHNew Democratic4yrs4Y
Yes, and tax foreign buyers and housing speculators to pay for it.
Yes only if there aren't selling restrictions on the first home. There can be selling restrictions on the 2nd and 3rd homes. This will promote more economic mobility between the bracket.
@8YVXXCP3yrs3Y
not 120k but more so familys under 70k
@8YPF2QS3yrs3Y
Yes but with a lower minimum annual income
@8YLS2NNNew Democratic3yrs3Y
The government should fund public housing and housing co-ops
@8X6PZPCNew Democratic3yrs3Y
No, but more low-income housing options should be funded.
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