Lend Millennials Cash for Houses, Ontario Realtor Chief Says

The head of a realtor group in Canada’s largest province said he’d support a program that would lend first-time buyers cash to buy houses and get them out of their parent’s basement.

Tim Hudak, chief executive officer of the Ontario Real Estate Association, said Wednesday he liked the newest housing announcement from British Columbia Premier Christy Clark, who announced last week her province would match down-payments of as much as C$37,500 ($27,980), or 5 percent of the purchase price, for new buyers.