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 $1.25 billion.
Narrow down the conversation to these participants:
Discussions from these authors are shown:
@B42T79S4wks4W
I think they should get the help they need but should realize that they should not get special treatment when there are hard workers out there earning that type of money. so, they must pay back the government after a certain amount of time full price.
@B42T76Z4wks4W
This questions very one sided and is hard to answer because of different peoples point of view, some might say it's unfair to people who actually try and put in work to make more then 120k a year yet some low income workers who do not try to increase it may get help to find homes while other have to pay it all on their own. Therefore, this question needs to be rewrite and looked over again.
@9ZHCGXD5mos5MO
Yes, although it depends. It absolutely without a doubt can help people afford homes, groceries, vehicles, and more.
@9SSRG9H8mos8MO
120 K a year is plenty of enough money for a person to buy their own home. I would set the threshold lower. The government should limit the number of homes that can be bought by a single person or corporation. In theory that should decrease competition for home buyers, and make buying homes a more fair and affordable process.
@9RBVGVQ9mos9MO
How is this considered the answer to the housing crisis. Whoever you have creating these polls is so sadly disassociated with reality that they should actually be held civilly responsible for the upcoming collapse of the Canadian economy.
It depends if the home buyer can afford the home they're buying. This can be affected by area where the person is living in. A very good example of this is in Vancouver, where the average hose is 1,960,800$.
@9LF9HLP1yr1Y
The government needs to force housing prices down, they have gotten out of control. We will need a plan that punishes those who have helped create the absurd prices.
@9JVPMV21yr1Y
No, fix the problems regarding home affordability, overall cost of living and the artificial inflation of housing and there will no longer be a need to subsidize housing.
@8G3WF9Y5yrs5Y
Subsidize for home owners who make less than $40,000 dollars a year
@99XSG8T2yrs2Y
Yes, first time homebuyers, with a household income less than $120k per year should receive a subsidy.
@96BHBSG3yrs3Y
No, this is the majority of the population. Lets control the housing market a little more efficiently so that it is reasonable to become a home buyer as a person who falls into the majority income percentile.
No. Limit number of homes bought by single person or corporation
@92864H23yrs3Y
Spend that money in building new houses instead
Yes, but not more than they need
@8W28QZ54yrs4Y
i dont have a opinion on this.
@8VQWRSC4yrs4Y
yes but only if they don't own a home already
@8VHFVYK4yrs4Y
no and limit homes owned by individuals and corporations
@8VHBC9B4yrs4Y
I don't really care and I think its fine as it is right now
No but they should prevent corporations from making large purchases of homes.
Rather than subsidizing home buyers, the government should control housing prices by prohibiting foreign land ownership.
@8TQ7NHC4yrs4Y
Need to investigate further.
@8TCB2PS4yrs4Y
yes, if they make less than 100k a year.
@8T3RNG54yrs4Y
I don’t understand this question either
@8T2N4T34yrs4Y
They should only subsidize those in need, but not those who mindlessly spend their money on drugs and alcohol and then have nothing for their house; they should live with the consequences, but receive help for any and all children they have have.
@8T2MYG64yrs4Y
yes, but only for your primary residence
@8R4GLML4yrs4Y
Yes and no, It all depends on the person and issue
@8QBGVBS4yrs4Y
Depends, leaning to yes if the housing market continues to increase housing prices due to inflated evaluations which seemed to go uncontrolled.
@8PK9V854yrs4Y
No, but they should provide tax breaks for first time home buyers
@8P5249C4yrs4Y
Eliminate landlords and cause the house market to fall, making ownership more affordable.
No they should allow all people to deduct mortgage payments from income tax burdens
@8M4GSYG4yrs4Y
No, but the government should subsidize home buyers who make less than 60,000
@8LH7LNH4yrs4Y
Only for those who have will actively try to pay it back over time, though I think more focus should be on homeless persons.
@8L47BR24yrs4Y
if they are poor because of soemthing they did wrong then no but if the work hard for their money then yes
@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.
@9C8DTJ32yrs2Y
Depending on the circumstances there should be a criteria they have to reach
Yes, and it should act firmly to protect renters from predatory landlords. However it should also protect landlords from nightmare tenants.
@9BX5R522yrs2Y
The goverment should only help home buyers who make less than 120 grand if they have a family
@92JNS8SNew Democratic3yrs3Y
We are the ones who pay for systems like this
@8VT3V3Y4yrs4Y
I would disagree if you can buy a house you knew its expensive and can't demand tax cut. I rent and never would get that benefit is a double standard.
@8VQWKDM4yrs4Y
yes but only if they really have a handicap of some sort
@8DPHJL95yrs5Y
depends how old and what there doing for a job and or what school their going to and for
Loading the political themes of users that engaged with this discussion
Loading data...
Join in on more popular conversations.
