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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@9D4V5MC2yrs2Y
Available public housing for different income streams should be available to Canadians who choose this option with adequate ammenties and space.
@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.
@94222Z53yrs3Y
No, people have the responsibility to work for their own money. What the goverment should do is decrease home prices, judged on the size of the house and amount of resources it would use.
@93XWPDF3yrs3Y
No 120k is already a lot under 80k is justified to help
The government should should leave home buyers alone. They can make as much money as they want
@8VDD5T34yrs4Y
Yes, if it is their first home
@8V8FLZLNew Democratic4yrs4Y
Yes but proportionally to median incomes in each province
@8V67R5D4yrs4Y
Yes, if they are first-time home buyers.
@8HCWT5GNew Democratic5yrs5Y
Yes, but not 120 k maybe 80 k
@8CSKB7Z5yrs5Y
I agree that the government should assist home buyers, however I would say that the dollar amount should be lower than $120,000 and more around $80,000-$90,000
@9CR4TXR2yrs2Y
They got us into this mess of high house prices I don't trust them to fix it.
@9BCZ5KD2yrs2Y
Yes but only those who make less than $60K
@97S5KWL2yrs2Y
Only Permanent residents can own property in canada
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