At Greater Vancouver REALTORS® (GVR), we believe in taking a leadership role in advocating for policies that make home ownership more attainable for Canadians. 

To add substance to this pursuit, our CEO, Jeff King, published an op-ed in the Vancouver Sun today outlining a new proposal to create a national program called the Canadian Home Ownership Community Bond.

One of the biggest hurdles to home ownership is the challenge of saving for a down payment, particularly in expensive markets like Vancouver and Toronto. 

Even for those who can manage monthly mortgage payments, the reality of needing $75,000, $150,000, or more upfront puts home ownership out of reach for many hard-working professionals. This includes teachers, tradespeople, and first responders—critical members of our communities whose ability to live where they work directly impacts the well-being and stability of our cities. 

When housing is unattainable for those who serve our communities, everyone is affected.

The Canadian Home Ownership Community Bond is a concept that would combine private investment and government policy to reduce down payment requirements for qualified buyers. 

Investors would receive a return while contributing to a program designed to support home ownership and strengthen our communities.

As your professional association, we are committed to engaging with policymakers and industry leaders to explore ideas that address housing affordability. Over the coming months, we will discuss this concept further and gathering feedback.

In the meantime, help spread the word! 

We encourage you to read the op-ed and share it across your social media channels to increase awareness and discussion around housing affordability and attainability.

Thank you for your ongoing support.