Homes So Pricey That Government to Lend Down Payments

The BC government is offering loans to first-time homebuyers to help with down payments, aiming to address high housing costs in Vancouver. The program, funded through property taxes, seeks to balance the budget while aiding buyers affected by federal rule changes. November home sales data shows a decline in most cities due to these changes, with only Toronto expected to maintain growth. The initiative raises concerns about increasing debt among buyers.

What concerns are raised regarding the potential effects of the government's assistance on homebuyers?

According to the data, what trend was observed in November home sales across Canadian cities?