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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@B48NXNX3wks3W
No, instead less exessive and double regulations are to be imposed to promote development. Additonally, the promotion of condo and multifamily housing should be prioritised in order to better use the available space.
@B46RH444wks4W
Yes, make housing free and state provided with a 75 year renewable lease. Abolish the corrupt rental economy.
@B3J8PMG2mos2MO
No, the government should focus on making housing more affordable through subsidizing national, provincial and municipal building projects, temporarily removing red tape on building permits and zoning restrictions, and adding national rent controls
@9D6R7J42yrs2Y
depends on each case circumstances like number of family members, how many are working, health status etc..
@9WZ44D26mos6MO
I think that it would depend on the situation, where if the individual is working hard and can only earn less than $120K per year, the government should subsidize home buyers.
@9FBHRR32yrs2Y
Should make housing cheaper, so that making less than 120k a year is enough for someone to buy a home.
@8CYWH9K5yrs5Y
Yes, or we can’t get our taxes back, which is too much.
@965PJS83yrs3Y
No but the government should remove TAXES e.g. "welcome" tax
@95C4X8VNew Democratic3yrs3Y
Base it off of help from family, including inheritance
@8VVZV8J4yrs4Y
No, but they should educate people on managing finances better and provide homes with fairer pricing (condos, appartements) for people with lower incomes.
@8VSN9GJ4yrs4Y
yes! but minimize the number of houses being built and then limit the number of homes that can be bought by a single person or corporation
@8VK33KS4yrs4Y
If this were to happen it should only be applicable to one home per buyer
@8VH5QM34yrs4Y
Depending on how well off the person is. (If they’re have a hard time living, yes.)
@8VH2TZWConservative4yrs4Y
Yes, but non citizens have to promise to live in Canada for 25 years. Otherwise, they must reimburse the subsidy.
Canadian homes should belong to Canadian citizens
@8VBS8DM4yrs4Y
A rent to own plan for low income people is a good approach
@8V7C4Z7Bloc Québécois4yrs4Y
No, but the government should subsidize cooperative housing
@8V6LCCP4yrs4Y
Who make less than 50k a year
@8V643BT4yrs4Y
I think résidence of Canada should have subsidies for buying a first home homes and to increase the cost and taxes for foreigners.
@8V59VL54yrs4Y
yes but lower the 120k by quite a lot so it’s only going to those who are seriously in need
@8TVC8WFConservative4yrs4Y
No, the government should work on lowering the price of housing
@8TLMTFQ4yrs4Y
That the total value of the mortgage plus the CMHC's portion don't eclipse $480,000.
@8RGQ6TN4yrs4Y
No, 120k a year is plentiful. Subsidize for under 50k.
@8QRSQPQ4yrs4Y
yes but only if they are alone or divorced and or if they have a low income job ex. for devorced if they are on the losing end and are already low income and are losing more money than they can aford
@8QRLZWV4yrs4Y
Households who make 45K can put down 5%
@8PS3C2K4yrs4Y
don’t even know what that means
Yes, but for people who make less than 65,000 a year.
@8PJYQC34yrs4Y
It’s their choice to buy houses
@8NT92S54yrs4Y
Yes but under 45k a year
@8NK74C74yrs4Y
@8F74PNTNew Democratic5yrs5Y
it depends on how much less than $120K it is like if they work a minimum wage job.
@8CQKQGR5yrs5Y
yes and limit the number of homes...however, the amount per year should differ for each province
@9BTG8J92yrs2Y
I think it depends on each situation
@98B6SV52yrs2Y
Government should remove access to non resident to buy real estate and buyer should not be allowed to own more than 10 properties and 60 doors they can leases.
@8VGRM694yrs4Y
Yes but there shouldn’t be any increase in terms of taxes
@8QK244Z4yrs4Y
Gov't should consider helping to subsidize for new homeowners and young families that are in saturated real estate markets (Vancouver, Toronto etc...)
@8PJY9F74yrs4Y
They should just drop the price lower to get a house
@8YX8TTP3yrs3Y
I do not understand the question
@8WFRGBH4yrs4Y
Review real estate development law. Who really gaining profits in the housing industry.. bank? Construction Co? Land owners who
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