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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The government should subsidize those who were originally able to afford a home on their salary, but may lose it to circumstances evidently out of control.
@9FNZN8PNew Democratic2yrs2Y
Should be lowered to $100,000
@95HK34HConservative3yrs3Y
The government should subsidize housing developments to help companies offset their costs and lower the price of the houses
@94N3SN73yrs3Y
Only for smaller homes, or environmentally friendly homes
@93RB6873yrs3Y
The government in addition to doing this should lower the cost of housing in order to avoid spending so much on helping others.
@92JWPGRNew Democratic3yrs3Y
Yes, but for those making less than $75K
@92864H23yrs3Y
Spend that money in building new houses instead
@8VVZV8J4yrs4Y
No, but they should educate people on managing finances better and provide homes with fairer pricing (condos, appartements) for people with lower incomes.
@8VRZY3V4yrs4Y
This should be a case by case basis and yes the government should be taxing corporations that own housing heavily in order to subsidize public housing, however individuals or families that own 2-5 properties in order to generate an income should not be treated the same as multinational corporations buying up apartment blocs.
@8VHDXZX4yrs4Y
Should deal with supply issues instead of pushing demand for starter homes
@8VDNCS7New Democratic4yrs4Y
Yes, but the qualification must be very specific.
@8V8T75M4yrs4Y
No, but the government should ensure that affordable residences for rent exist for people unable to purchase homes
@8V67R5D4yrs4Y
Yes, if they are first-time home buyers.
@8V5QQBQNew Democratic4yrs4Y
Should be allowed less of a downpayment. Or given interest free loan for downpayment if they have a good credit history.
@8TW4RDK4yrs4Y
No, they should just properly regulate the housing industry such that prices don't inflate faster than currency inflation.
@8TKPWQS4yrs4Y
Depends from province to province.
@8THC23V4yrs4Y
Yes but only for home buyers who make less than $90K
@8TGH3P84yrs4Y
All housing should be free.
@8T7FGL64yrs4Y
120k is a stretch. Unless it's made by both working adults.
@8T4MX9W4yrs4Y
Maybe only under 40 or 30k, 120k is an awful lot per year and enough to live more than comfortably.
@8T4CBN24yrs4Y
Yes but can’t be enough that they live off it because it will not promote working for their money or achieving their goals.
@8SJ3CVL4yrs4Y
I need to do more research on this topic
@8S7PLJQ4yrs4Y
Depends on local housing costs
@8RGTCB64yrs4Y
They should provide a head start to for first time home buyers to get into the market but I don't think they should be given a full grant every time.
@8RB4X4Z4yrs4Y
Yes, depending on the region
@8R4ZY594yrs4Y
Depends how much less than 120K
@8PS3C2K4yrs4Y
don’t even know what that means
@8PPWC7N4yrs4Y
No, only for home buyers who make less than $50K per year
@8PLK7TK4yrs4Y
if it’s one person paying for everything in the household
@8PJ7SQN4yrs4Y
Depending on the situation, yes.
@8NSJNJ64yrs4Y
they should help people that need a home and who are living homeless and in shelters instead.
@8NBJKHQ4yrs4Y
The Government should subsidize homebuyers who make less then 50k per year.
@98QLV4Y2yrs2Y
They should only subsidize them if they make less than 90k
The government should build social housing units for everyone, so that we have affordable housing for all.
@8TJ5M7B4yrs4Y
Maybe less than $80K, $120K is too high.
@8YLS2NNNew Democratic3yrs3Y
The government should fund public housing and housing co-ops
@8YB8J6N3yrs3Y
Foreign ownership and land speculating must be severely limited and new, environmentally designed houses/communities should be built to create new stock
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