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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@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.
@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.
@9FBPH4G2yrs2Y
It’s there decision to buy a house up to the people
@95HK34HConservative3yrs3Y
The government should subsidize housing developments to help companies offset their costs and lower the price of the houses
@93M39FR3yrs3Y
No, they should focus on actually fixing the housing market in the first place by lowering costs, etc.
@8TKPWQS4yrs4Y
Depends from province to province.
@9CCHYSH2yrs2Y
no, and the government should limit the number of homes that can be bought by a single person or corporation
@8TJ5M7B4yrs4Y
Maybe less than $80K, $120K is too high.
@8WLPVN74yrs4Y
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