These subsidies are financial aids from the government to help individuals purchase their first home, making homeownership more accessible. Proponents argue that it helps people afford their first home and promotes homeownership. Opponents argue that it distorts the housing market and could lead to higher prices.
Narrow down the conversation to these participants:
@ISIDEWITH12mos12MO
Yes
@B3XHGC92mos2MO
Subsidizing demand leads to increased prices, leads to less affordability and a worse housing crisis
@ISIDEWITH12mos12MO
No
@9ZHRVZKIndependent6mos6MO
If you increase demand without increasing supply, you will shift market equilibrium towards higher prices.
@9VBQB2HNew Democratic7mos7MO
they take too slow and sellers will most likely go with the buyer who is not using first time home buyer programs for a faster sell.
@B46V7MRLibertarian1mo1MO
No, because the bulk of the recipients are foreign born. 44% of the people within Canada are either foreign born or first generation. I would prefer to see incentives for married Canadian couples to have more children, and subsidies for rural living (including food and energy production) than facilitate first time home buyers
@B43N69X1mo1MO
No, should increase education in financial management and deter people from buying a house and become house poor.
@B3YW9621mo1MO
No, because housing should be affordable on its own. Housing will be very affordable when we deport 10-15 million people who do not belong here.
@B3W9T5D2mos2MO
Yes, but only if the resale value of the home is reduced by the equivalent of this subsidy indexed to inflation.
@B3QGP692mos2MO
If they need or not is the question depending on their salary per year . And I would prioritize family’s in this situation .
No. Not unless the individual effected has a disability
@B2BM93X4mos4MO
Yes and No, complete tax cuts on first time-home buyers.
@B29PP764mos4MO
I think there should be other programs to help first-time homebuyers but a one time financial aid isn't the solution
@B45SQLY1mo1MO
Yes because it’s can be a lot of information for someone and having that extra money helps that person to breathe. But if the person isn’t ready they should be denied
@B27CJP3 4mos4MO
Yes, but only in the form of tax breaks such as the RRSP Home Buyer’s Plan or the FHSA.
@9ZVY22C5mos5MO
No, and the government should tax those who purchase 2 or more homes
@9WYDMSD6mos6MO
Yes, first time homebuyers should be able to take out longer mortgages, pay no interest, pay as low as 5% for a downpayment and have 10-20k of their mortgage debt wiped.
Yes, and offer public mortgages with below market interest rates
To a certain degree. The buyer must show they have worked towards buying, or a reason why the initial downpayment is hard to do, but can support the mortagage.
@9VJ6C4K7mos7MO
Yes but only if it is going to be their permanent residence.
@9TXBP2YIndependent7mos7MO
To any buyer wanting to get into market or move up the market.
@9TWMYBX7mos7MO
Their is already subsidies for first-time homebuyers in Canada.
@9TFK3T88mos8MO
Yes but only a certain amount so the prices don't skyrocket
@9T6LHXR 8mos8MO
Yes, but verify if the first time homebuyer is buying for themselves or for someone else
@9SPT6M58mos8MO
No but instead make home ownership more affordable through government involvement in building housing.
@9RZPX679mos9MO
it should provide every incentive possible to natural citizens, not foreigners who use loopholes for owning property in canada
@9RJ6K3V9mos9MO
Yes, but only if they can afford to own the home on their own income.
@9RFBPZV9mos9MO
Yes, because the barrier to entry is unattainable for most below the upper middle class. But a concern is it will just inflate contractor prices making the subsidy useless
@9QW7TQZ10mos10MO
No, focus on renters and institute a Land value Tax
@9PS2HQ7Conservative10mos10MO
Yes, if they can prove to be financially responsible
@9FGSKLL 11mos11MO
Yes, but give an online questionnaire to see how much people are eligible for
@ISIDEWITH8mos8MO
@ISIDEWITH8mos8MO
@ISIDEWITH8mos8MO
@ISIDEWITH8mos8MO
@ISIDEWITH8mos8MO
@ISIDEWITH8mos8MO
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