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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@B324X4F2mos2MO
Yes, because house prices have skyrocketed and it's become extremely hard to pay your mortgage in this economy.
@9ZVG4LX5mos5MO
i think they should but to and extent. if you are making less than 40 or 50k then i think they should maybe help
@8T7FGL64yrs4Y
120k is a stretch. Unless it's made by both working adults.
@8SJ3CVL4yrs4Y
I need to do more research on this topic
@8QWQF2K4yrs4Y
Only low-income families
@8PCJB6T4yrs4Y
i think the money should be focused on people who cant buy homes at all.
@9CMNJDG2yrs2Y
depends on the size/affordability of the home (cheaper home = less from the government)
@9CHJFS92yrs2Y
Yes, housing costs are ridiculous right now
@92T5QBY3yrs3Y
Lower cost of housing and living
@8ZDMMCG3yrs3Y
I feel as if someone makes less than $60K, they should have the option for subsidy.
Should subsidize homes for the less fortunate and low income people
No, This will artificially additionaly inflate the housing bubble.
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