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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I think that the government should build more homes and decrease the prices because they are too high to live.
@9BQP44Q2yrs2Y
there should be a limit on how many homes can be owned at one time
@92WM9XQ3yrs3Y
I believe one should pay rent and taxes based on their yearly income.
@8VLP8ND4yrs4Y
Not subsidy but the real estate market needs to level out
@8V556JW4yrs4Y
Construct affordable homes
@9B8PCNB2yrs2Y
yes depending on the persons
@984LN6F2yrs2Y
Yes but only for people who don’t make a liveable wage or make less than 40-50k a year. Also only for people who are in bad financial situations (unless they got themselves into it and aren’t trying to get out of it) and for single parents who make less than 50-40k.
@98444SS2yrs2Y
Yes, but it also it should depend on your situation and who you are living with.
@8VHWM9Y4yrs4Y
Should be under $1000.00
Yes and no because if you are in a situation where you make 20-30k a year, and you are a single parent, then having some help paying would be nice. But if you are making 100k a year, that a different story because it’s so much more than 20k. So I think that the government should subsidize for people marketing under 100k, but not anyone over that.
@8YVJ4HK3yrs3Y
No, but the housing market’s inflation should be most closely monitored for sellers greatly increasing he price of their property beyond value and it should limit how much real estate one person or corporation can buy.
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