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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@8YNMFX73yrs3Y
Neither, fine with the way it is
@8VRVLR64yrs4Y
Dependant on individual circumstances. There should be an extensive application process.
@8TQMS4PNew Democratic4yrs4Y
we shouldnt have to pay for houses bruh
@8SXWSLJNew Democratic4yrs4Y
what does subsidize mean
@8S5NF294yrs4Y
No, but remove arcane zoning laws that restrict home building
@8R4ZY594yrs4Y
Depends how much less than 120K
@B47FRMH3wks3W
because we don't have enough homes for actual canadians because immigration is taking over and we cant even find jobs for our actual candians because they always hire the immigrants so how is a Canadian citizen supposed to react to this? like of course we are mad
@B47FRMH3wks3W
what does this do?I'm so tired I want to go home and lay in bed! #skibiditoiletrizz
#fallingasleepinclass
@8YDHT9J3yrs3Y
no because $50k-$120k per year is enough
@8ZW3D5Q3yrs3Y
screw that option and fund them
@8Z6P9KQ3yrs3Y
Yes, though if a homeowner starts to see significant profits after paying off their mortgage, there should be an office in the government that they can make donations to as thanks for the support, or that they can vote to receive a portion from tax/treasury for future homeowner subsidies.
@8Z3Q5FB3yrs3Y
Yes, if that is there only option
No, but they should subsidize home buyers that are less than $60K
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