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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@B2C43723mos3MO
I believe that the government should subsidize peoples housing under the liveable wage to get to the liveable wage.
@9JK53DW1yr1Y
Housing should have a cap on how much builders and private sellers can sell for everyone deserves a warm place to sleep
@9FT9JTL2yrs2Y
If they are making a really low income, then yes, if they are making steady income and wasting it no
@9DK3RYT2yrs2Y
Depending on what house is being purchased, yes.
@9FJ4LPP2yrs2Y
Government should subsidize people who make less than 100k
@95NGKFN3yrs3Y
Depends on situation ex. do they have under-age children, single parent etc
@8TLGBH94yrs4Y
if they are in a rental no, in a home yes
@8HWQLPR4yrs4Y
they should subsidize people who have an income below 30k a year
@8DFVTYV5yrs5Y
@9C5JVLD2yrs2Y
Depends on situation of individual
@99886ST2yrs2Y
Yes, but the government should make REASONABLE, clear-cut requirements and screening processes to ensure that such a system exists for the (honest) people who really need it, rather than to be another system that is abused.
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