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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@9RW6ZLWConservative9mos9MO
no, but we should implement more programs, such as lower interest rates on mortgages for low-income homes.
@9RC6QJK9mos9MO
No, the government should limit the number of homes that can be bought by a single person or corporation
@8TVYS424yrs4Y
No, government should encourage denser housing construction, penalize multiple ownership, and ban foreign buyers.
@B4LW25G1wk1W
No, If we start by fixing, inflation and bringing the Cost Of Living down there should really be no need.
@B4KW4F61wk1W
No but any homeowner who does not currently own a house sound be able to qualify for tax free RRSP withdrawn
@B4KJ9LB1wk1W
Government should subsidize home buyers who make less than $60K per year. Subsidizing people who earn $60k to $120K would be just feeding into inflation.
@B4J3VX21wk1W
Not if it’s to take more taxes from the middle class. They already pay enough to cover dental plan, $10 daycares and education. Cutting some salaries to half is too much.
@B4C3V2H3wks3W
The range should be less than $100k, and the government should limit the number of homes that can be bought by a single person.
@B474JYD3wks3W
i believe that someone on a 100k salary can buy a home but someone who makes 50-70k would need the help
@B46L2NC4wks4W
No, and foreign purchases should be monitored to ensure they are maintaining property standards. Government should limit the number of houses that can be bought by a single person or corporation.
@B45T7J24wks4W
The government should invest in housing to make the price down, this will help everyone also reduce inflation, reduce corruption
@B3X4XCZ1mo1MO
no, but the Government should put stricter laws in place to limit people and corporations from flipping property's to become wealthy. this adds to the housing affordability crisis in my opinion
@B3QNMWT1mo1MO
People should be allowed to own a primary residence and a vacation home. After that they should be taxed progressively higher and higher with each additional housing project. Companies and corporations should not be allowed to purchase homes whatsoever.
@B3MHVY71mo1MO
I would say the government could do that if some people are in a unfair situation where the funds would benefit them greatly in terms of living quality.
@B3HFH752mos2MO
Limit the amount of homes foreign buyers and corporations can buy but not hard working Canadians using it as another source of income
@B3DKFHC2mos2MO
No, and the government should provide affordable housing with targeted assistance for first time home buyers
@B3CSF7F2mos2MO
No and the government should limit or exponentially tax based on the number of homes that can be bought by a single person or corporation
@B39D2FT2mos2MO
No, the government should instead do a better job regulating the real estate industry. They need to make open bidding illegal
@B395RFR2mos2MO
No, it should suck it up and pop the bubble, and learn the lesson from alowing exploiting income properties.
@B36H52D2mos2MO
Housing rates should be lowered and subsiding should be for those of lower then 60 k yearly and those new to the countries
@B35YY8P2mos2MO
The government should create a system based on a person's financial status and salary, and use that to create proper subsidizes (I am disabled, I have debt, I am the sole provider in a family of 4, I am only providing for myself, I have investments, etc)
No, but prices should be controlled and offers should be made available to other buyers. Bidding should be allowed only if the starting price is much lower than the market (bank) value
@B324X4F2mos2MO
Yes, because house prices have skyrocketed and it's become extremely hard to pay your mortgage in this economy.
@B2WR9DT2mos2MO
Subsidy should not be needed, the government should address root issues of the housing inaffordability crises
@9ZJG7775mos5MO
Subsidization should be applicable to a larger group. The threshold is too low, given the current economy. The threshold should be $220K
@9TG95F87mos7MO
There shouldn't be a subsidy, there should be situations in place for couples, to earn money and not rely on the government for everything. The government has the responsibility to ensure homes are being created for people to afford on a 120k or less a year salary, depending on the locations. This means boosting the quality of life so that there is more jobs and homes than the population.
@9RXF7FT8mos8MO
No, the government should get involved in the housing market and create supply in order to deflate the housing bubble.
@9RBY87R9mos9MO
No, but the government should regulate the number of homes that can be purchased by a single person/corporation
@9QSH3TL 9mos9MO
stop the tax on those who make more... its not fair for those who work their butt off and then get more than half of theire income taxxed
@9QSFSCC9mos9MO
This is a waste of spending as even the bottom of localized listings could not afford the mortgage payments on less than $120k per year.
@9N227WH11mos11MO
No, but a loan should be offered instead at a very low interest rate and reduced taxes-- this also depends on the cost of the home (should be less than $1 000 000)
@9MK284K11mos11MO
if you have lived in canada for more then 5 years you should be able to buy as many homes as you wish but if youre not from the country or have been here for less then 5 years you should only be able to own 1 house at a time
@9MFXWQH11mos11MO
Yes, but as soon they earn more, the government should stop subsidizing those who make less than $120K annually.
@9MBPGWW11mos11MO
Some people make poor choices and that’s why they aren’t as fortunate so giving them money doesn’t seem fair
@9M9B3JL12mos12MO
I think it varies how much the govenment pays. if less than 10 pecent than no, but if it is higher than probably yes.
@9LNL99N12mos12MO
I think it depends on the situation, the government should totally lower house prices but the person have to pay for the house. Anyone should pay for there house but the prices should be lowered
@9L2NYDL1yr1Y
The government should subsidize home buyers regardless of how much they make maybe through a home contribution fund from the taxes
@9KZNNL91yr1Y
Focus on the economy don’t subsidize and limit the amount of home a single person/ corporation can buy
@9K92VNM1yr1Y
Lower costs of homes and limit the number of housing that can be bought to prevent money laundering.
@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.
@9JZDBDS1yr1Y
Existing Home owners are greatly subsidized; there is space to help new home owners, but renters should also be put on par — renters don’t have exemptions from capital gains on any investments. Best to overturn zoning and increase supply; also make it difficult for REITs to make money on land; remove incentives to own more than one property
@9JVMDVDConservative1yr1Y
Government should instead invest in building more houses and lower permit requirements for construction
Corporations should not be allowed to own any single family homes. Sinlge family homes are for families.
@9JC6BKV1yr1Y
Banks and Lenders should be regulated in a way to discourage the bubble cycle that's contributing to the massive inflation in the housing market.
@9JBR3N61yr1Y
Government should check identity of buyers since they bought multiple properties on the identity of their family members. It should be avoided.
I think that the government should build more homes and decrease the prices because they are too high to live.
@9GJPKWT1yr1Y
The government should allow for individuals making less than 120k to submit receipts for housing costs and evaluate based on household spending against housing costs to determine appropriate tax breaks.
@9GG6WCK1yr1Y
I do not think that the government should subside for the people making less money but maybe implicate a few homes that are more affordable for this reason
@9GFVHJM1yr1Y
it depends because 120k per year is still alot but if they are making very little amounts then yes the government should assist them
@9G9MV2T2yrs2Y
no but i would say yes if the income was lower. if the average income is $40,000 then $120,000 would cover too many people and we could not afford it.
@9G8W3TG2yrs2Y
If the family has only one child,I don't think it's necessary,but if there are many children,,I think subsidies are needed.
The government should subsidize those who were originally able to afford a home on their salary, but may lose it to circumstances evidently out of control.
@9DTRY3M2yrs2Y
subsidise housing progressively for people until a combined income of 200K
@9DRSS9J2yrs2Y
Yes dependant on the price of the home.
@9DHRMNZ2yrs2Y
The government should subsidize home buyers who make less than $80K per year.
@9DHJR722yrs2Y
The liberal government needs to do a better job than the last 8 years. They need to know where we stand financially (I’m sure. They do, just too embarrassed to come out and say it) we wouldn’t need to subsidize if they know what they were doing and the party kicked JT out of office.
@8KRZ68W4yrs4Y
Only if they are in need of financial help
@8DTFW3X5yrs5Y
government, should help out people who earn less and should limit number of homes that can be bought by a single person
@8DNJDJP5yrs5Y
Yes, some families and the homeless should be able to have access to this type of service.ddwaaasdaasdawdsssawdawdad
@8DHWBFT5yrs5Y
It’s there money if they can’t make it it’s their fault
@8TJ5LNT4yrs4Y
No, and the government should limit the number of houses that can be bought by a single person or corporation
@B24FNQY4mos4MO
Subsidizing demand does not fix the issue. Heavily tax multiple home ownership, ban non resident ownership and have the CMHC directly build housing again.
@B229T774mos4MO
They should limit the amount of immigrants so that housing can go back to being affordable and there fore there is no need for this
@9ZXM9KL5mos5MO
I think that based on the persons circumstances should determine whether or not the government subsidizes home buyers.
@9ZVG4LX5mos5MO
i think they should but to and extent. if you are making less than 40 or 50k then i think they should maybe help
@9ZTXY875mos5MO
If they are government workers, the government should subsidize them. However, it is not necessarily a good idea for the government to spend like that- they can't afford it.
@9ZQ3NN35mos5MO
People who make less than 120K should live in apartment dwellings where possible. Rent subsidies should exist, but not for ownership.
@9WPFJ7W6mos6MO
No and Yes. Lower the qualifying amount to be under the average wage, which is currently $54,000 / annum. Also, there should be restrictions on the kinds and prices of of homes for which the buyer qualifies, such as $54,000 / annum earning qualifies for an interest free loan of $50,000 to help qualify for a $200.000 townhome, or condo.
@9TP5TBR7mos7MO
if they're making, like, 14k a year, I think so. If its so little to a point where the quality of life gets bad, yes the government should subsidize.
@9HNSDKQ1yr1Y
overhaul the cost of living across Canada and create more housing and reasonable mortgages and rates.
@9H8JPC21yr1Y
A controlled subsidization based on the bracket of income less than $120K. So if you make $40K subsidy would be larger than someone making $80K.
Yes and No. A program that allows home buyers to elect to obtain government assistance based on an application process to ensure that home buyers are not purchasing homes outside their means is preferable than blanket subsidies. And the home buyer should be a human being.
Depends on how big the family is
@9FL7SJ92yrs2Y
Honestly, it depends on their lifestyle and how many people survive off of that salary but I do believe there should be a limit on the number of homes that can be bought out by a single person or corporation.
@9FHB77W2yrs2Y
Socialized housing for all
@9FGHLGS2yrs2Y
If it were 80K or less then yes
@9F8XH5QConservative2yrs2Y
The government should tax vacant homes heavily so more houses and living spaces can be on the market.
@9F8MTG9New Democratic2yrs2Y
The government should instead introduced policies to prevent skyrocketing housing prices
@9F8D328 2yrs2Y
Regardless, the government should gain ownership of all houses/apartment buildings, distribute it equally with accommodations for needed space, and make it free. Housing is a human right.
@9FD7JXT2yrs2Y
Do not subsidize. Limit the number of homes that can be bought by a single person or corporation.
@9FCBDPC2yrs2Y
Make rental public housing for them?
@9FBZW792yrs2Y
yes, the government should limit the number of homes that can be bought by a single person. Corporations are exempt from this, unless it is a charity or not-for-profit. Should limit to homes that are average price or less than in the region.
@9FBRNSP2yrs2Y
homes should be affordable to everybody and there should be some kind of inspection to show how much your home is actually worth instead of everyone being selfish when they sell their homes for much more than they are worth.
@9FBPH4G2yrs2Y
It’s there decision to buy a house up to the people
@8RF256Z4yrs4Y
subsidize home buyers who make less than $90K per year
@9CTXKP52yrs2Y
Yes they should subsidize but with a lower income threshold, so that people in need can get more money.
@9CMF5CW2yrs2Y
They should not be able to buy a really expensive house because they likely won't be able to pay it back.
@9CM7H5T2yrs2Y
it depends on their lifestyle (ex. if they're not making money because they're a substance abuser then no, but if they're under class because of something like their race then yes)
@9CLFRH32yrs2Y
Subsidisation should be for buyers who make less than $110k per year
@9BWP6T82yrs2Y
No, but limit the number of homes a person can own and help build more homes.
@9BWMH4B2yrs2Y
I will say yes he, should be subsidize as the person is paying more amount of money in tax as compare to lower tax brackets.
@9BQP44Q2yrs2Y
there should be a limit on how many homes can be owned at one time
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