The new BC first time buyer program is proving to be popular with over 1000 applicants who will hopefully vote for the current government in the next election.
“The B.C. Liberal government has received more than 1,000 applications from first-time home buyers who have been lured by new incentives under a program designed to improve housing affordability.”
“Critics, however, say the program is adding fuel to an already heated market for condos, notably in the Vancouver region.”
““Ottawa has been saying let’s have fewer highly leveraged buyers, but the province is saying we have to help the risky, leveraged first-time buyers get into the market,” Prof. Davidoff said in an interview Sunday. “The province has sweetened the pot.””
Read the full article in the Globe and Mail.