Yes

it will just drive home prices up further as funding and demand is instantly injected into the market. This will just set the home price higher and kick the can down the road.

More government bureaucracy and red tape will not address the issue of supply of housing while increasing demand, driving up prices in an endless cycle. Home buyer incentives will increase demand for housing not increase housing supply.

The First-Time Home Buyer Incentive helps people across Canada purchase their first home. The program offers 5 or 10% of the home's purchase price to put toward a down payment. This addition to your down payment lowers your mortgage carrying costs, making homeownership more affordable.