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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@B24FNQY4mos4MO
Subsidizing demand does not fix the issue. Heavily tax multiple home ownership, ban non resident ownership and have the CMHC directly build housing again.
@9H8JPC21yr1Y
A controlled subsidization based on the bracket of income less than $120K. So if you make $40K subsidy would be larger than someone making $80K.
@8VT2Y8L4yrs4Y
Lower mortgage rates for first time Owners. Increase rate if owner has multiple homes.
@8VL5WW74yrs4Y
Subsidize or provide tax incentives/relief eg rollover of RRSP
@8TW2PWT4yrs4Y
I think there should be a cap on housing market inflation or the children of today will live in their parents basements forever
@8S5DLBY4yrs4Y
yes but it should be less than $80k per year.
@8PJ7Y2N4yrs4Y
Increase the home buyers options for first buyers
@8PCLTYG4yrs4Y
DEPENDS on their situation
@99H6FK52yrs2Y
Yes, but the government should focus more efforts on brining down the cost of all housing.
@8VVK48D4yrs4Y
Depening on the situation of the family, then sure.
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