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:
@ISIDEWITH10mos10MO
No
@9ZHRVZKIndependent4mos4MO
If you increase demand without increasing supply, you will shift market equilibrium towards higher prices.
@9VBQB2HNew Democratic5mos5MO
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.
No. Not unless the individual effected has a disability
@B2BM93X2mos2MO
Yes and No, complete tax cuts on first time-home buyers.
@B29PP762mos2MO
I think there should be other programs to help first-time homebuyers but a one time financial aid isn't the solution
@B27CJP3 2mos2MO
Yes, but only in the form of tax breaks such as the RRSP Home Buyer’s Plan or the FHSA.
@9ZVY22C3mos3MO
No, and the government should tax those who purchase 2 or more homes
@9WYDMSD4mos4MO
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.
@9VJ6C4K5mos5MO
Yes but only if it is going to be their permanent residence.
@9TXBP2YIndependent6mos6MO
To any buyer wanting to get into market or move up the market.
@9TWMYBX6mos6MO
Their is already subsidies for first-time homebuyers in Canada.
@9TFK3T86mos6MO
Yes but only a certain amount so the prices don't skyrocket
@9T6LHXR 6mos6MO
Yes, but verify if the first time homebuyer is buying for themselves or for someone else
@9SPT6M56mos6MO
No but instead make home ownership more affordable through government involvement in building housing.
@9RZPX677mos7MO
it should provide every incentive possible to natural citizens, not foreigners who use loopholes for owning property in canada
@9RJ6K3V8mos8MO
Yes, but only if they can afford to own the home on their own income.
@9RFBPZV8mos8MO
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
@9QW7TQZ8mos8MO
No, focus on renters and institute a Land value Tax
@9PS2HQ7Conservative8mos8MO
Yes, if they can prove to be financially responsible
@9FGSKLL 10mos10MO
Yes, but give an online questionnaire to see how much people are eligible for
@ISIDEWITH6mos6MO
@ISIDEWITH6mos6MO
@ISIDEWITH6mos6MO
@ISIDEWITH6mos6MO
@ISIDEWITH6mos6MO
@ISIDEWITH6mos6MO
@ISIDEWITH6mos6MO
@ISIDEWITH6mos6MO
@ISIDEWITH6mos6MO
@ISIDEWITH6mos6MO
Loading the political themes of users that engaged with this discussion
Loading data...
Join in on more popular conversations.
