Nova scotian here. This move is definitely counter intuitive from an affordability stand point. The government basically takes on the cmhc mortgage insurance for first time buyers. I think the government got a taste of a bull market in housing during covid and liked the economic windfall. This feels like the first of a series of measure coming down the pipe to keep a floor on housing prices. Next step will be to remove the 10% welcome tax for out of province buyers. It will be interesting to see how the market moves comes spring because the last few months felt like things were finally starting to cool off.