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.
Statistics are shown for this demographic
Response rates from 4.7k M6G voters.
62% Yes |
38% No |
54% Yes |
38% No |
9% Yes, and the government should limit the number of homes that can be bought by a single person or corporation |
Trend of support over time for each answer from 4.7k M6G voters.
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Trend of how important this issue is for 4.7k M6G voters.
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Unique answers from M6G voters whose views went beyond the provided options.
@8CYCP9V4yrs4Y
Yes, but money should be focused to the families that have a low 'combined' income
@9TPPX3Q2mos2MO
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.
@9RC6QJK4mos4MO
No, the government should limit the number of homes that can be bought by a single person or corporation
@9DZJPLN1yr1Y
Yes, only for first time home buyers
@9KBFTYW 9mos9MO
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.
@8TVYS423yrs3Y
No, government should encourage denser housing construction, penalize multiple ownership, and ban foreign buyers.
@9ZMMC235 days5D
There is merit in supporting people with lower incomes buy homes. However it is not to the benefit of the buyer if they do not have the means of owning the home.
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