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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@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.
@92YD6323yrs3Y
No but further regulation on foreign housing market investment and increase condo construction in GTA
@8VLGT6Z4yrs4Y
The government needs to focus on developing affordable housing options for buyers and renters
@8VKL72J4yrs4Y
No, rent support and building high quality state housing in urban centres is a more effective means of eliminating housing shortages without increasing future inequality (mortgage supports historically entrench hereditary wealth gaps between those who do and don’t receive them due to hereditary property transmission)
@8VDXLYG4yrs4Y
Yes, in the form of tax rebate or build subsidized housing
@8RPBLY74yrs4Y
No, the problem starts with property prices.
@8PQ4JZF4yrs4Y
Yes, and the government should limit the number of homes that can be bought by a single person or family or corporation
@9CRT95V2yrs2Y
No, but the government should tax housing investors much more, on their capital gains not their rent.
@992BKQT2yrs2Y
The government needs to get out of the business of regulating home buying completely, and only Canadian Citizens should be able to purchase Canadian Homes
@8YLS2NNNew Democratic3yrs3Y
The government should fund public housing and housing co-ops
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