Kind of annoying how I just bought my first-home last year and the first-time home buying incentives won't be applicable to me anymore. Felt like I sacrificed a lot of experiences and lifestyle to purchase in my 20's in the current market. The proposed increase in credits and first-time home buyers TFSA would've been really helpful and I'm sure it'll help the younger high income earners break into 1BR condos.
But the market is so fucked for everyone in their 20's and 30's that I want everyone to get as much help as they can get even if I don't qualify for any incentives anymore.
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Originally Posted by JDMDreams
^^ yea, if I was a seller then I just wouldn't sell, this won't create more supply, or you have to offer even higher to get your offer looked at.
What about the ppl that has to sell inorder to buy?
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I also don't understand why we are trying to lower demand when the issue residents in the city are trying to all buy but can't afford to. That seems like it's clearly a supply issue, we have a ton of people who are ready to buy their first home around $400 - 700K but there's just not enough decent options out there to do so. Which is crazy because these people are usually in the top 10 - 20% of individual earners in Canada.