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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@8CYCP9V5yrs5Y
Yes, but money should be focused to the families that have a low 'combined' income
@9TPPX3Q7mos7MO
No, but massively increase home building, make it illegal for corporations to buy residential properties and tax individuals owning >1 residential property at 50% the value of every non-residence property annually.
@8NYJNV34yrs4Y
The government should limit the number of homes that can be bought by a single person or group
@B4NWTNK4 days4D
just find a way to lower the cost of living, including finding a home, condo, townhouse of any size.
@B4KG6HT1wk1W
Yes, for first time home buyers and with other criteria taken into account. Especially in favor of single parents/families
@B4H5T5Z2wks2W
The subsidies should be on a sliding scale less for the higher income and more for the least income.
@B4BF3T33wks3W
Yes Ona first home and no subsidies to corporations or other individuals in the rental business. Subsidies only on a person's first home
@B49LKNY3wks3W
i think that we should focus more so on making housing affordable for what we currently have, as well as making it so renting is a less lucrative buisness
@B486XBX3wks3W
No because home prices should be brought in line with incomes. This could only make the situation worse.
@B4577M94wks4W
Government shouldn't subsidize home buyers making less than 120k, but should limit the number of homes that can be bought by people and corporations
@B43SXTX 4wks4W
Subsidize homebuyers but tie it to increasing housing supply, ensuring developers build more affordable housing.
Limit subsidies to first-time buyers in high-cost areas, rather than offering blanket assistance.
Encourage rent-to-own programs instead of direct subsidies, allowing gradual ownership.
Increase funding for affordable housing construction, which addresses the root problem rather than just demand.
Implement tax reforms to discourage speculation, such as higher taxes on empty homes or multiple properties.
@B34YX9N2mos2MO
Yes, but only if individuals are financially supporting unemployed members of their family as small as 3 individuals.
@B2VDNWTNew Democratic2mos2MO
depends on the price of utilities, groceries, the state of the economy, and the amount of people living in the home.
@B2QVV6HConservative3mos3MO
if you're a citizen of Canada then no, all people should be able have somewhere to live, but taking away Holmes for foreigners isn't right
@B2LW7QG3mos3MO
Government shouldn’t be involved it telling people what to do with their money. If they lowered income taxes for people who make under 100,000 as well as stopped causing mass immigration & the housing crisis the incompetent government created, people would be able to afford to buy their homes as they have in the past without government subsidies. Government subsidies only lead to increased taxes.
@B2DQSLR 3mos3MO
No, instead housing should be more regulated to slow down inflation and cut high prices on houses not to guarantee housing for all but rather to give everyone a better opportunity to own a house
@B2C43723mos3MO
I believe that the government should subsidize peoples housing under the liveable wage to get to the liveable wage.
@B24CB2J4mos4MO
Maybe. Needs more thought and proper policy but this could be a good idea. Qualification is important.
@9YDGG9X5mos5MO
If it was an investigated troubled family I would subsidize give them compensation, however if its a junky, or genuine lazy person I do not believe in subsidization.
@9T7XY377mos7MO
Yes but not increase interest or taxes because the reason for why housing prices have doubled was Trudeau letting too many immigrants in and there not being enough houses for'em.
@9T3R3V97mos7MO
the cost of homes shouldn't be so expensive to the point where the government has to subsidize in the first place
@9LD8F4Q1yr1Y
No, and reduce inflation, stop immigration, and send everyone who’s immigrated here in the last 10 years back to their home countries so that we can have our country back for ourselves—less people is what we need, not more homes.
@9JT36CN1yr1Y
their should be a regulation on housing bought buy foreign party's not in Canada or come to Canada using them as investments
@9JRN9GN1yr1Y
It should be given to people with fair reasons for it, but there should be a time limit on how long the government provides this
@9JK53DW1yr1Y
Housing should have a cap on how much builders and private sellers can sell for everyone deserves a warm place to sleep
@9GBGRC62yrs2Y
Yes if the base cost of living in Canada exceeds a threshold. Currently, this would be of help to current or potential home owners
@9G9MRGS2yrs2Y
The govt’t should subsidize homebuyers by allowing low-interest mortgages for households who make less than 100k per year.
@9FT9JTL2yrs2Y
If they are making a really low income, then yes, if they are making steady income and wasting it no
@9F5KMPV2yrs2Y
The government should make it easier for low income people to buy a house. Owning a house shouldn't be a luxury for the rich. Low income people need help affording homes.
@9F4FD4P2yrs2Y
I would agree that if someone makes under a certain amount of money from their job they should get some aid when it comes to owning a house, but I feel like this could be supported in different ways. Such as slightly higher pay in certain jobs or circumstances depending on the individuals life style.
@9DK3RYT2yrs2Y
Depending on what house is being purchased, yes.
@9ZMMC235mos5MO
There is merit in supporting people with lower incomes buy homes. However it is not to the benefit of the buyer if they do not have the means of owning the home.
@9VSW6DK6mos6MO
Anybody who makes less than $80,000 a year should get subsidies from the government especially if they are first-time homebuyers.
@9TMG6K47mos7MO
in specific surcomestances familys should get help from schools and the government in order to survive
@9GVKBFK1yr1Y
This would not be a concern if government made practical decisions to begin with. Housing is over-priced and inflation is out of control. Immigration is to high to support the system.
@9FNZN8PNew Democratic2yrs2Y
Should be lowered to $100,000
@9FNDHRT2yrs2Y
No, I think to government shouldn’t limit it but should check for credit and make sure they’re able to maintain a home.
@9FKQVCR2yrs2Y
Only if they probably have a family.
@9FJHRQW2yrs2Y
i think house prices should go down to be more affordable to the poor.
@9FJ4LPP2yrs2Y
Government should subsidize people who make less than 100k
@9FFSJNV2yrs2Y
The government should help, but not too much.
@9F86XH62yrs2Y
No, maybe under 100k though
The government should help them to some extends
@9FBVJ5GNew Democratic2yrs2Y
Yes, for Canadian born citizens. Take care of your own first and foremost.
@9FBR3YR2yrs2Y
@9DKJPVNConservative2yrs2Y
No, it is more important to subsidize Canadians in a more equal manner.
The income should be less then 120 000
@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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@95ZWDQ53yrs3Y
If that home buyer makes less than the amount stated but more that 80 thousand the government should take close consideration at financial situation if willing.
@95YXWKK3yrs3Y
I think it depends on if they have kids and where they’re finances would be going otherwise
@95S3LKV3yrs3Y
The government should not subsidize people Base on how mich they earn.Evreryone should be treated as equally high or low income
@95QV4HJ3yrs3Y
Yes, if making less than $80K. $80-120K should not need that support.
@95QKZXP3yrs3Y
The government should treat any home buyers as equal whether your earn more or less.
@95NGKFN3yrs3Y
Depends on situation ex. do they have under-age children, single parent etc
@95MZNW7New Democratic3yrs3Y
Yes, but the amount subsidized be based off the house prices within the province.
@95LYHDX3yrs3Y
Yes, and even more if they have kids.
@95GGRLN3yrs3Y
No Government should actually put effort into lowering average home prices.
@95886WG3yrs3Y
Yes but under circumstances
@942RRBV3yrs3Y
Dealing with housing in general is important. Purchasing might or might not be the right way.
@93GL8JK3yrs3Y
I think if we looked at how we lend money and what requirements need to be met to borrow money we could be helping lower income families buy homes. For example if you have been paying $1500 in rent for over a year and never missed a payment why can you not qualify for a home costing the same monthly amount.
@93D7M4Q3yrs3Y
No. Instead, they should work on regulating the housing market to make it more accessible/affordable.
@93BYD873yrs3Y
i think there should be government subsidization for those who are making less than 95k, not 120k.
@933LMPX3yrs3Y
Yes, on a case by case basis and possibly higher incomes.
@92M8FFH3yrs3Y
Subsidize up to a certain percent on a house based off persons income and value of house, as well as prevent the number of residential properties that can be purchased by a single person or corporation (for traditional homes). With regards to condo's and apartments a person or corporation can own multiple but a limit must be put on how many are allowed to be used for short term rent applications/programs like AirBNB. Abandoned&condemned properties should be purchased by the provincial or federal government and turned into low income housing to help combat homelessness.
@922KMBP3yrs3Y
Home buyers should be subsidized at a lower annual income. If you make more than 50k per year you don't get it. Also people should not be allowed to own more than 2 homes.
Yes, while also supporting the research and construction of affordable housing.
@8W9QTK54yrs4Y
Yes but only for first time home buyers
@8VZCTFD4yrs4Y
No it’s not the governments job to pay for your living/life style so people can be lazy burdens.
@8VW4MBQ4yrs4Y
The government should make rental properties more readily available and implement a rent cap to keep lower income household from being priced out of the market.
@8VST53W4yrs4Y
Yes, but only if they are salary is in a low tax bracket and the city they live in has extremely high housing prices
@8VSPZRB4yrs4Y
Yes but should also include single income families and increase it to 150k
@8VRLFZV4yrs4Y
No, governments should cap costs of homes. And they should limit the number of homes that can be purchased.
@8VPWFMZ4yrs4Y
If they don't have money for the house
@8VNTKY44yrs4Y
the government should subsidize those who make less then 40k
@8VNNDLL4yrs4Y
Not if they are able to pay their bills.
@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.
I do not have an opinion on the matter
@8VMDF2R4yrs4Y
yes and no because its not fair to people who make more money has to pay more
@8VM7N5C4yrs4Y
@8VLTJNR4yrs4Y
making 50k or less per year
@8VKVKXK4yrs4Y
Yes, but it should be lower than 120k a year. Less than 80k
@8VKGLC84yrs4Y
yes but need more information
@8VHWNG54yrs4Y
Should at least offer help to qualify for buying a home and pay the CMHC interest for home buyers making under this amount per year.
@8VHT6DM4yrs4Y
Depends on whether the person is doing the best he can or society or being lazy of his own accord
@8VHKSPV4yrs4Y
You should be able to apply for subsidized housing based on low income with easier access then there is currently
@8VHJRXV4yrs4Y
the government should subsidize for people who make less then a liveable wage
@8VHJHZ54yrs4Y
no, the national debt is to great for that right now but maybe after the debt.
@8VHBF524yrs4Y
120k is a lot and very stable annually amount. For one person 120k is a great amount, this is situational as if they're a single parent or have disabilities.
@8VH22SV4yrs4Y
Affordable efficient housing should be priority for each person.
@8VGW3YY4yrs4Y
I do agree that they should subsidize people who make less then 120k but then the taxes that come with that have to be regulated to the rich not the middle class.
No one should get subsidies for housing based on their income level.
@8VG5YGBNew Democratic4yrs4Y
Uneversal Housing should happen instead
@8VD2S4K4yrs4Y
Only limit number of homes owned by a person or corporation
No, but should provide incentives to provide more options for low-income individuals and groups in terms of housing.
@8VCGFFV4yrs4Y
No, but help change the housing market to reduce overall costs. Reduce developers control. Less condos with tiny spaces. More wheelchair accessible homes. More affordable homes. A home should be alright of all citizens, not a privilege
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