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.
Narrow down the conversation to these participants:
@9DZJPLNConservative2yrs2Y
Yes, only for first time home buyers
@8CYCP9V5yrs5Y
Yes, but money should be focused to the families that have a low 'combined' income
@9RW6ZLWConservative8mos8MO
no, but we should implement more programs, such as lower interest rates on mortgages for low-income homes.
@9RC6QJK8mos8MO
No, the government should limit the number of homes that can be bought by a single person or corporation
@9TPPX3Q7mos7MO
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.
@9KBFTYW 1yr1Y
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.
@8TVYS424yrs4Y
No, government should encourage denser housing construction, penalize multiple ownership, and ban foreign buyers.
@8NYJNV34yrs4Y
The government should limit the number of homes that can be bought by a single person or group
@B4C3V2H2 days2D
The range should be less than $100k, and the government should limit the number of homes that can be bought by a single person.
@B4BF3T33 days3D
Yes Ona first home and no subsidies to corporations or other individuals in the rental business. Subsidies only on a person's first home
@B49LKNY5 days5D
i think that we should focus more so on making housing affordable for what we currently have, as well as making it so renting is a less lucrative buisness
@B48NXNX6 days6D
No, instead less exessive and double regulations are to be imposed to promote development. Additonally, the promotion of condo and multifamily housing should be prioritised in order to better use the available space.
@B486XBX6 days6D
No because home prices should be brought in line with incomes. This could only make the situation worse.
@B4855RG6 days6D
No, housing prices should be brought down and wages should go up. Make the buying of homes more financially feasible by strengthening the economy.
@B474JYD1wk1W
i believe that someone on a 100k salary can buy a home but someone who makes 50-70k would need the help
@B46RH441wk1W
Yes, make housing free and state provided with a 75 year renewable lease. Abolish the corrupt rental economy.
@B46L2NC1wk1W
No, and foreign purchases should be monitored to ensure they are maintaining property standards. Government should limit the number of houses that can be bought by a single person or corporation.
@B462PDJ1wk1W
Have less taxes, keep tax payer money in Canada or become more efficient so that people can afford to buy a home.
@B45T7J21wk1W
The government should invest in housing to make the price down, this will help everyone also reduce inflation, reduce corruption
@B4577M92wks2W
Government shouldn't subsidize home buyers making less than 120k, but should limit the number of homes that can be bought by people and corporations
@B43SXTX 2wks2W
Subsidize homebuyers but tie it to increasing housing supply, ensuring developers build more affordable housing.
Limit subsidies to first-time buyers in high-cost areas, rather than offering blanket assistance.
Encourage rent-to-own programs instead of direct subsidies, allowing gradual ownership.
Increase funding for affordable housing construction, which addresses the root problem rather than just demand.
Implement tax reforms to discourage speculation, such as higher taxes on empty homes or multiple properties.
@B42T79S2wks2W
I think they should get the help they need but should realize that they should not get special treatment when there are hard workers out there earning that type of money. so, they must pay back the government after a certain amount of time full price.
@B42T76Z2wks2W
This questions very one sided and is hard to answer because of different peoples point of view, some might say it's unfair to people who actually try and put in work to make more then 120k a year yet some low income workers who do not try to increase it may get help to find homes while other have to pay it all on their own. Therefore, this question needs to be rewrite and looked over again.
@B3X4XCZ3wks3W
no, but the Government should put stricter laws in place to limit people and corporations from flipping property's to become wealthy. this adds to the housing affordability crisis in my opinion
@B3QNMWT4wks4W
People should be allowed to own a primary residence and a vacation home. After that they should be taxed progressively higher and higher with each additional housing project. Companies and corporations should not be allowed to purchase homes whatsoever.
@B3NV7HG4wks4W
The number should be higher to keep up with inflation. I do agree with the subsidizing first-time home buyers,
@B3MHVY74wks4W
I would say the government could do that if some people are in a unfair situation where the funds would benefit them greatly in terms of living quality.
@B3K9X784wks4W
It depends, but if it is done unfairly by other means, then the government can't but if it is done through the right means, then they could but there would have to be stipulations as to not create problems or loopholes that make no sense because there should be transparency in this case.
@B3J8PMG1mo1MO
No, the government should focus on making housing more affordable through subsidizing national, provincial and municipal building projects, temporarily removing red tape on building permits and zoning restrictions, and adding national rent controls
@B3HFH751mo1MO
Limit the amount of homes foreign buyers and corporations can buy but not hard working Canadians using it as another source of income
@B3DKFHC1mo1MO
No, and the government should provide affordable housing with targeted assistance for first time home buyers
@B3CSF7F1mo1MO
No and the government should limit or exponentially tax based on the number of homes that can be bought by a single person or corporation
@B39D2FT1mo1MO
No, the government should instead do a better job regulating the real estate industry. They need to make open bidding illegal
@B395RFR1mo1MO
No, it should suck it up and pop the bubble, and learn the lesson from alowing exploiting income properties.
@B36H52D1mo1MO
Housing rates should be lowered and subsiding should be for those of lower then 60 k yearly and those new to the countries
@B35YY8P1mo1MO
The government should create a system based on a person's financial status and salary, and use that to create proper subsidizes (I am disabled, I have debt, I am the sole provider in a family of 4, I am only providing for myself, I have investments, etc)
@B34YX9N1mo1MO
Yes, but only if individuals are financially supporting unemployed members of their family as small as 3 individuals.
No, but prices should be controlled and offers should be made available to other buyers. Bidding should be allowed only if the starting price is much lower than the market (bank) value
@B324X4F2mos2MO
Yes, because house prices have skyrocketed and it's become extremely hard to pay your mortgage in this economy.
@B2WR9DT2mos2MO
Subsidy should not be needed, the government should address root issues of the housing inaffordability crises
@B2VV8TB2mos2MO
No, but build at public expense many starter homes of various kinds of sufficient quality to allow low income owners to buy and build equity. Also, support co-ops
@B2VDNWTNew Democratic2mos2MO
depends on the price of utilities, groceries, the state of the economy, and the amount of people living in the home.
@B2RHKVS2mos2MO
Subsidize buyers who have a household income of less than $80,000 pa & limit the number of homes that can be bought by a single person or corporation
@B2QVV6HConservative2mos2MO
if you're a citizen of Canada then no, all people should be able have somewhere to live, but taking away Holmes for foreigners isn't right
@B2LW7QG2mos2MO
Government shouldn’t be involved it telling people what to do with their money. If they lowered income taxes for people who make under 100,000 as well as stopped causing mass immigration & the housing crisis the incompetent government created, people would be able to afford to buy their homes as they have in the past without government subsidies. Government subsidies only lead to increased taxes.
@B2GYS3C2mos2MO
The government should build public social housing at below-market rates to guarantee a right to housing for all.
@B2DQSLR 3mos3MO
No, instead housing should be more regulated to slow down inflation and cut high prices on houses not to guarantee housing for all but rather to give everyone a better opportunity to own a house
@B2DHJ8T 3mos3MO
We are now in 2025 so 120K per year is just barely able to pay the mortgage, car payment and daily spends.
@B2D2F8N3mos3MO
pop the housing bubble. Houses are not worth what they are advertised on the market. People making 120k should be able to afford a single-family home in Canada. The inflated prices of houses in Canada are ridiculous.
@B2C43723mos3MO
I believe that the government should subsidize peoples housing under the liveable wage to get to the liveable wage.
We should be letting the market decide. It went up because of speculation, let it come down because of that too. Just make sure it's not abused again
@B292M3P3mos3MO
We should have zero corporate ownership of homes, zero foreign buyers, and increase the empty homes tax to over 100%
@B24CB2J4mos4MO
Maybe. Needs more thought and proper policy but this could be a good idea. Qualification is important.
@9ZJG7775mos5MO
Subsidization should be applicable to a larger group. The threshold is too low, given the current economy. The threshold should be $220K
@9ZHCGXD5mos5MO
Yes, although it depends. It absolutely without a doubt can help people afford homes, groceries, vehicles, and more.
@9YMQZBK5mos5MO
Yes, there should be a set amount to support home buyers who make less than $120k if the home buyers need it and will eventually be able to pay it back, without interest cost
@9YDGG9X5mos5MO
If it was an investigated troubled family I would subsidize give them compensation, however if its a junky, or genuine lazy person I do not believe in subsidization.
@9TG95F87mos7MO
There shouldn't be a subsidy, there should be situations in place for couples, to earn money and not rely on the government for everything. The government has the responsibility to ensure homes are being created for people to afford on a 120k or less a year salary, depending on the locations. This means boosting the quality of life so that there is more jobs and homes than the population.
@9T7XY377mos7MO
Yes but not increase interest or taxes because the reason for why housing prices have doubled was Trudeau letting too many immigrants in and there not being enough houses for'em.
@9T3R3V97mos7MO
the cost of homes shouldn't be so expensive to the point where the government has to subsidize in the first place
@9SSRG9H7mos7MO
120 K a year is plenty of enough money for a person to buy their own home. I would set the threshold lower. The government should limit the number of homes that can be bought by a single person or corporation. In theory that should decrease competition for home buyers, and make buying homes a more fair and affordable process.
@9SLJBJV7mos7MO
Yes…since governments are doing zero to deter profiteering in this area they need to start subsidizing housing until such time as housing prices drop to 33% of the average income in any geographical area.
@9S9R2T48mos8MO
This is a free economy and as soon as you start subsidizing this of that, every other damn thing you no longer have a free economy.
@9RXF7FT8mos8MO
No, the government should get involved in the housing market and create supply in order to deflate the housing bubble.
@9RQNPMR8mos8MO
No because it will not help control inflation of property prices. Increasing supply will reduce rentshouse prices back to affordable
@9RBY87R8mos8MO
No, but the government should regulate the number of homes that can be purchased by a single person/corporation
@9RBVGVQ8mos8MO
How is this considered the answer to the housing crisis. Whoever you have creating these polls is so sadly disassociated with reality that they should actually be held civilly responsible for the upcoming collapse of the Canadian economy.
@9QSH3TL 9mos9MO
stop the tax on those who make more... its not fair for those who work their butt off and then get more than half of theire income taxxed
@9QSFSCC9mos9MO
This is a waste of spending as even the bottom of localized listings could not afford the mortgage payments on less than $120k per year.
@9NLQQF310mos10MO
No, but economic stimulus should target areas that are separated from the cash flows of their city or whatever idkman im drunk
@9N227WH10mos10MO
No, but a loan should be offered instead at a very low interest rate and reduced taxes-- this also depends on the cost of the home (should be less than $1 000 000)
@9MK284K11mos11MO
if you have lived in canada for more then 5 years you should be able to buy as many homes as you wish but if youre not from the country or have been here for less then 5 years you should only be able to own 1 house at a time
@9MFXWQH11mos11MO
Yes, but as soon they earn more, the government should stop subsidizing those who make less than $120K annually.
@9MBPGWW11mos11MO
Some people make poor choices and that’s why they aren’t as fortunate so giving them money doesn’t seem fair
@9M9B3JL11mos11MO
I think it varies how much the govenment pays. if less than 10 pecent than no, but if it is higher than probably yes.
@9M5WCY9Conservative11mos11MO
I believe that the government should put in regulations so that the cost of buying a house and living is less expansive instead of giving people money
It depends if the home buyer can afford the home they're buying. This can be affected by area where the person is living in. A very good example of this is in Vancouver, where the average hose is 1,960,800$.
@9LNL99N12mos12MO
I think it depends on the situation, the government should totally lower house prices but the person have to pay for the house. Anyone should pay for there house but the prices should be lowered
@9LF9HLP12mos12MO
The government needs to force housing prices down, they have gotten out of control. We will need a plan that punishes those who have helped create the absurd prices.
@9LD8F4Q12mos12MO
No, and reduce inflation, stop immigration, and send everyone who’s immigrated here in the last 10 years back to their home countries so that we can have our country back for ourselves—less people is what we need, not more homes.
@9L2NYDL1yr1Y
The government should subsidize home buyers regardless of how much they make maybe through a home contribution fund from the taxes
@9KZNNL91yr1Y
Focus on the economy don’t subsidize and limit the amount of home a single person/ corporation can buy
@9KDYD2W1yr1Y
No, but they should also limit the number of homes available to be bought by a person or corporation
@9K92VNM1yr1Y
Lower costs of homes and limit the number of housing that can be bought to prevent money laundering.
@9JZV4G6Conservative1yr1Y
No subsidizing. Make Canada an affordable country again. My grocery bill before "covid" was $150/week. It is now $200-300 per week now - whether we get meat or forego it. My 3 bedroom apartment that has the water off - at least once per month for the whole day - $2410/month. No backyard. No space. Rude neighbours. Owning a house, with a garage should not be $800,000+.
I should be able to get a position as an EA that is fulltime and permanent. But government restrictions. I should make more like $32/hour because I'm worth it. I shouldn't need to have over $120,000 saved, to buy a home. Our government is why I live pay to pay, and I am not the only provider here.
@9JZDBDS1yr1Y
Existing Home owners are greatly subsidized; there is space to help new home owners, but renters should also be put on par — renters don’t have exemptions from capital gains on any investments. Best to overturn zoning and increase supply; also make it difficult for REITs to make money on land; remove incentives to own more than one property
@9JVPMV21yr1Y
No, fix the problems regarding home affordability, overall cost of living and the artificial inflation of housing and there will no longer be a need to subsidize housing.
@9JVMDVDConservative1yr1Y
Government should instead invest in building more houses and lower permit requirements for construction
@9JT36CN1yr1Y
their should be a regulation on housing bought buy foreign party's not in Canada or come to Canada using them as investments
@9JRN9GN1yr1Y
It should be given to people with fair reasons for it, but there should be a time limit on how long the government provides this
@9JK53DW1yr1Y
Housing should have a cap on how much builders and private sellers can sell for everyone deserves a warm place to sleep
Corporations should not be allowed to own any single family homes. Sinlge family homes are for families.
@9JC6BKV1yr1Y
Banks and Lenders should be regulated in a way to discourage the bubble cycle that's contributing to the massive inflation in the housing market.
@9JBR3N61yr1Y
Government should check identity of buyers since they bought multiple properties on the identity of their family members. It should be avoided.
@9GNXXXT1yr1Y
There should be CMHC mortgage loans that provide stability to lower incomes, and help them afford a house alongside other Canadian home owners.
I think that the government should build more homes and decrease the prices because they are too high to live.
@9GJPKWT1yr1Y
The government should allow for individuals making less than 120k to submit receipts for housing costs and evaluate based on household spending against housing costs to determine appropriate tax breaks.
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