Here is something I haven't seen mentioned yet. This is apparently not means tested (and how could you really) so even people who already have a down payment, for a mortgage they can qualify for, will now be able to get interest free loans and spend half their down payment on something else. If HELOC use is any indicator people will not be able to resist
So if you have the $30K you need for the mortgage you are able to service now you only have to put up $15K and the government puts up $15K... Now you suddenly have $15K you can spend on toys... wheeeee!!!! Christy Clark and the BC Liberals are using our tax money to finance people's winter vacations in Hawaii.