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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@9DZJPLNConservative2yrs2Y
Yes, only for first time home buyers
@9RW6ZLWConservative9mos9MO
no, but we should implement more programs, such as lower interest rates on mortgages for low-income homes.
@9M5WCY9Conservative12mos12MO
I believe that the government should put in regulations so that the cost of buying a house and living is less expansive instead of giving people money
@9JZV4G6Conservative1yr1Y
No subsidizing. Make Canada an affordable country again. My grocery bill before "covid" was $150/week. It is now $200-300 per week now - whether we get meat or forego it. My 3 bedroom apartment that has the water off - at least once per month for the whole day - $2410/month. No backyard. No space. Rude neighbours. Owning a house, with a garage should not be $800,000+.
I should be able to get a position as an EA that is fulltime and permanent. But government restrictions. I should make more like $32/hour because I'm worth it. I shouldn't need to have over $120,000 saved, to buy a home. Our government is why I live pay to pay, and I am not the only provider here.
@9JVMDVDConservative1yr1Y
Government should instead invest in building more houses and lower permit requirements for construction
@9D4YF47Libertarian2yrs2Y
No, but make mortgage payments (for everyone, regardless of income) tax deductible to encourage home ownership. It is proven that long term renters are more prone to need welfare than home owners, therefore home ownership should be encouraged.
@9VVJGFWConservative6mos6MO
I think changes should be made to lending to allow rent stats to be taken into consideration (ie if you paid your rent on time, every time, for so many years that is a factor) as well as amounts. Often mortgage payments can be LESS than current paid rent
@9F8XH5QConservative2yrs2Y
The government should tax vacant homes heavily so more houses and living spaces can be on the market.
@9DKJPVNConservative2yrs2Y
No, it is more important to subsidize Canadians in a more equal manner.
@9BMDJJNConservative2yrs2Y
yes but only for the people who require payments for their housing
@967ZPGPConservative3yrs3Y
Depends on the financial situation
@95YHRY4Conservative3yrs3Y
no because people need there jobs and that's not fair to them
@95HK34HConservative3yrs3Y
The government should subsidize housing developments to help companies offset their costs and lower the price of the houses
@93HJWN4Conservative3yrs3Y
No and decrease the cost of housing
@933P3Q5Conservative3yrs3Y
I think It should depend on the type of people
@8VMW8L8Conservative4yrs4Y
a better option would be to encourage the removal of outdated bi laws on single family dwellings...because immigrants can take advantage of breaking these bi laws..then 2 or more family's could afford to buy a home and expand home ownership to accommodate the multiple families.
@8VHFYPMConservative4yrs4Y
They should not subsidize home buyers but should limit the buying power corporations and foreign investors
@8VH2TZWConservative4yrs4Y
Yes, but non citizens have to promise to live in Canada for 25 years. Otherwise, they must reimburse the subsidy.
@8VB6QCWConservative4yrs4Y
Should be decided on a case by case basis
@8V9Q7FRConservative4yrs4Y
government should subsidize home buyers who make under 5k a year.
@8V8R9YTConservative4yrs4Y
The government should ban/limit foreign ownership. A second home is ok but not investment properties.
@8V5RWYHConservative4yrs4Y
Yes, and the government should encourage denser housing construction, penalize multiple ownership, and ban foreign buyers.
@8TYT9YDConservative4yrs4Y
Home buyers that make under $50K
@8TXCH98Conservative4yrs4Y
Government should be fair and tax all the same.
@8TWWMMJConservative4yrs4Y
Yes, but only for first time buyers
@8TW67Y3Conservative4yrs4Y
Charity is better tham social security for providing care to low classes.
@8TVFWWVConservative4yrs4Y
no - for areas that have 2x 3x 4x then the average prices homes in cities ie Vancouver Calgary Toronto ect. yes- for first time buyer in fair priced home
@8TVC8WFConservative4yrs4Y
No, the government should work on lowering the price of housing
@8T99ZQLConservative4yrs4Y
No, this will only artificially increase demand causing housing prices to continue to grow.
@8T2D3B4Conservative4yrs4Y
If they have their own family to support then yes
@8SHNCN4Conservative4yrs4Y
No but incentivize to lower housing costs
@8RVZKT3Conservative4yrs4Y
As long as they make under $80k per year
@8RG7V6DConservative4yrs4Y
no, but loans are still available
@8RDJTY2Conservative4yrs4Y
Other means to reduce home prices other than direct subsidy
@8QVGNR7Conservative4yrs4Y
No, tax foreign buyers and reduce zoning laws.
@8QRNKHZConservative4yrs4Y
If you work hard enough in life , you shouldn’t have to worry about money
@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.
@8QNW5NNConservative4yrs4Y
well if this person is not a very productice person and is not worthy of the money then no but if its a poor mother with kids then yes.
@8PJSRNZConservative4yrs4Y
No, it would be very expensive for the government to come up with the funds, for example, taxes might have to be raised to support this.
@8PBQHCYConservative4yrs4Y
No, they should subsidize home buyers who cannot afford to support themselves even before buying a home to have a roof over their head
No they should allow all people to deduct mortgage payments from income tax burdens
@8FL8FNVConservative5yrs5Y
Limit the number of building bought by foreign companies
@8DD24RLConservative5yrs5Y
Only if they really need it
@8D6XDW5Conservative5yrs5Y
I would agree to this it it was under 60k
@9CMHG4TConservative2yrs2Y
Depending on how low their income is
@9C7ZMY7Conservative2yrs2Y
Yes but only on the first purchase of a house
@9C7VHL9Conservative2yrs2Y
Less than around $80k per year in my opinion.
@9C325NQConservative2yrs2Y
Hard to say as there are rich people with no declared income
@99SCPTQConservative2yrs2Y
Subsidize should be limited to a number or buyers per year, and have a waitlist.
@99FKQTMConservative2yrs2Y
The government should subsidize home buyers who make less than $75k per year
@999XF8LConservative2yrs2Y
only if there are not able to make any more then they are currently cause of a medical issue
@995LFLZConservative2yrs2Y
The government should increase the number of houses by building more, relatively cheap, aprtments.
@993WVXNConservative2yrs2Y
No because then there spending everyone elses money
@97Z5JYRConservative2yrs2Y
I think the government should somewhat but they should also limit the number of homes that can be bought by a single person.
@95VB5JDConservative3yrs3Y
dependant on situation and family size
@8V7HGZVConservative4yrs4Y
Change the 120k to say >60 and I say yes I agree
@8GPVK3SConservative5yrs5Y
There should be a price cap per region for rental units and more incentives for first-time homebuyers to aid in housing shortage.
@8GBGCKLConservative5yrs5Y
Yes for those making less than 60 000 CAD combined.
@8G6VXL3Conservative5yrs5Y
Yes, but the income threshold should depend on the location.
@8FMV7LVConservative5yrs5Y
No, only if housing becomes way more expensive
@8ZW42TKConservative3yrs3Y
no subsidizes, but limit the number of homes
@8XK72VLConservative3yrs3Y
No, subsidize home buyers who make less than $50K it’s per year
@8X5GQXLConservative3yrs3Y
It has benefits and doubts
@8VVHXMCConservative4yrs4Y
That’s a little high, maybe $80k
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