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.
Statistics are shown for this demographic
Response rates from 701 N2M voters.
60% Yes |
40% No |
48% Yes |
40% No |
12% Yes, and the government should limit the number of homes that can be bought by a single person or corporation |
Trend of support over time for each answer from 701 N2M voters.
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Trend of how important this issue is for 701 N2M voters.
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Unique answers from N2M voters whose views went beyond the provided options.
@8CYCP9V4yrs4Y
Yes, but money should be focused to the families that have a low 'combined' income
@9TPPX3Q3mos3MO
No, but massively increase home building, make it illegal for corporations to buy residential properties and tax individuals owning >1 residential property at 50% the value of every non-residence property annually.
@9RC6QJK5mos5MO
No, the government should limit the number of homes that can be bought by a single person or corporation
@9DZJPLN1yr1Y
Yes, only for first time home buyers
@9KBFTYW 10mos10MO
No, but the system of home building and purchasing needs to be regulated or reformed so that the current inflationary, predatory lending, and artificial pricing needs to stop.
@8TVYS423yrs3Y
No, government should encourage denser housing construction, penalize multiple ownership, and ban foreign buyers.
@B24CB2J2wks2W
Maybe. Needs more thought and proper policy but this could be a good idea. Qualification is important.
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