Without parental assistance.... The old cap was $1 million. The number of people who could take advantage of the CMHC program near the cap is microscopic. If you talk to CMHC, the numbers are incredibly small. Again, without parental assistance, the barriers to home ownership in this country for young people with moderate incomes are vast, unless they live in very small rural communities in the Prairies or in Atlantic Canada.
On October 22nd, 2024. See this statement in context.