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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@B2WR9DT2mos2MO
Subsidy should not be needed, the government should address root issues of the housing inaffordability crises
@8KRZ68W4yrs4Y
Only if they are in need of financial help
@8VRZY3V4yrs4Y
This should be a case by case basis and yes the government should be taxing corporations that own housing heavily in order to subsidize public housing, however individuals or families that own 2-5 properties in order to generate an income should not be treated the same as multinational corporations buying up apartment blocs.
@8VMPTDH4yrs4Y
yes but not 120k but 50 or 60 thousand
@8VFS5894yrs4Y
Yes, and raise the foreign buyer’s tax to 50%
@8V772GPNew Democratic4yrs4Y
No. New home production should be increased, foreign buyers should be taxed, unoccupied homes should be heavily taxed, the number of properties and the absolute square footage of land owned by a person or corporation should be limited.
@8TY638NNew Democratic4yrs4Y
Rent caps should be initiated so people can afford to live
@8TW4RDK4yrs4Y
No, they should just properly regulate the housing industry such that prices don't inflate faster than currency inflation.
No. But, eliminate government interference in housing market and economy, that artificially drives housing prices up and deflates our currency value.
@8XK9DDR3yrs3Y
If they choose to not make more money then no but if they can't then yes
@8X84DT33yrs3Y
I don't even understand this
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