![]() ![]() RELATED: Millennial homebuyers and seniors among the winners of Budget 2019 The means-tested incentive the Liberals unveiled Tuesday would only be available to households with incomes under $120,000-roughly $50,000 more than the median household income as calculated by Statistics Canada-and on mortgages no more than four times the household’s total income.Įligible buyers would see the government pick up part of the costs of their mortgages to lower their monthly payments, with the amount of help determined by their incomes and whether they’re buying an existing or newly built home. ![]() Helping people enter the housing market has been a growing preoccupation for the Liberals ever since they were elected in 2015, with soaring real-estate prices in some of Canada’s largest cities putting home ownership beyond the reach of many.Īn estimated 1.6 million Canadian households are considered in “core housing need,” meaning people who are living in places that are either too expensive or don’t suit their needs.
0 Comments
Leave a Reply. |