It was tough; however, it was a personal choice so that buying a first home could happen – and the government wasn’t there acting as big brother to say NO
|Andrew Scheer, Conservative Party of Canada (Facebook)|
“With his poor judgement and tax hikes, Justin Trudeau has put the dream of home ownership further out of reach for so many, especially young Canadians,” Scheer said. “As Prime Minister, I will fix his bad policies and work to get more homes on the market to lower the price of housing.”
He went on to say, “The government should help you – not stand in your way.”
Let’s take a 30-year old couple starting with a $550,000 home in Kamloops. We’ll set them up with a $500,000 mortgage based on a 25-year amortization period. Their payment would be $2630 per month and they could be debt free by 55.
That kind of income would be what those involved in resource industries would earn however – those in the oil and gas industry – those in mining – those in forestry.
Oh but wait ... those are the industries that both Justin Trudeau’s federal Liberal government, and John Horgan’s BC NDP government, keep throwing roadblocks in front of.
When that’s done, getting a mortgage and a new home will once again begin to be in reach of more Canadians.