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.
@8Q7W3XY3yrs3Y
Yes, but the number should be lowered to $70k, at least, at the beginning, and then, if the Government can afford to subsidize homes for those between $70k and $120k, add them to the measure.
@Evilraz2yrs2Y
Yes, and the government should temporarily ban investors from purchasing homes.
@nnekascott3yrs3Y
Yes, and every citizen should receive a free home
