The Greater Vancouver REALTORS® (GVR) is pursuing industry-wide collaboration to help us refine and advance our recent proposal  focused on making home ownership attainable for more Canadians. The proposal calls for the creation a national program called the Canadian Home Ownership Community Bond.  

In an op-ed published in Real Estate Magazine (REM) this week, GVR CEO Jeff King outlines how the bond could help qualified buyers overcome the down payment hurdle that impedes home ownership for many people in Canada’s most expensive markets. The concept involves pairing private investment with government policy to reduce down payment requirements for qualified buyers 

The bond would be managed by a trusted body, such as CMHC or a major bank, and offer investors a return while contributing to a program with strong social impact. 

GVR is encouraging the real estate profession to come together to refine and advance this proposal to help Canadians overcome the down payment barrier that impede home ownership.

• Read the full REM article 
• Share it on your social media channels 
• Start conversations with clients about innovative solutions to housing affordability 

As your professional association, we are committed to engaging with policymakers and industry leaders to explore ideas that address housing affordability. Let’s work together to make home ownership more accessible across Canada.