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CMHC welcomes public comment on housing

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Real Estate Professional | 12 Aug 2016, 08:15 AM Agree 0
This is a chance for agents to help shape housing policy
  • Kenny | 12 Aug 2016, 02:46 PM Agree 0
    Thank you for the opportunity to voice out our thinkings. I would suggest residencial properties below two millions or 1.5 million should be protected by not allowing foreigners to buy or any forms of solution to protecting them in an affordable price for the lower income groups. The government should do somethings to help the lower income groups to have their own home and making their life better.
    Vancouver is a big city, it's not a good ideal to control foreigners to buy real estates.
  • Lorne Deschamps | 13 Aug 2016, 02:56 PM Agree 0
    I truely believe that the system is focasing too much on the market that is constantly increasing ! What they are actually doing is really hurting the areas that already have a hard time selling properties .The system should deal with each province on a economic value,Alberta housing verses Quebec ! come on , the Market in Quebec gets hit the hardest every time the governement tightens the rules for the financing ! example, a first time buyer in the areas of Quebec that have lower income per average on an average house hold should be able to take a morgage for 35-40 years , and an area like in Alberta where the average family income is 4 times the income of here in Quebec can afford to make the bank payments on a 25 year morgage .This should be the first step to kick starting the housing market in Quebec. The housing prices are getting to a point that the monthly payments are getting higher and higher , if they donnot re instate the number of years for a morgage , it will get to a point where very few will be able to afford to own a home .We are lucky that the interest rates are extemely low , if the amortization does not change , the market is going to continue to drag its feet !
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