“Developers Don’t Want to Sell at a Loss”: PM Carney on Vancouver Condo Bailout

“Developers Don’t Want to Sell at a Loss”: PM Carney on Vancouver Condo Bailout

Op-Ed: Ottawa and Victoria want the public to absorb Vancouver's unsold condos. Evidence suggests that unsold inventory was never built on local incomes.

Poilievre Calls Federal Housing Plan ‘Bailout’ for Developers, Urges Regulatory Relief

Conservative Leader Pierre Poilievre criticized a plan by the Liberal government and the B.C. provincial government to purchase vacant condo units in the province for use as affordable housing, calling the measure a “bailout.” During a news conference at the Vancouver International Airport on June 21, Poilievre said that for young Canadians, home ownership is out of reach due to a decade of inflation. “They’re struggling to find jobs. Food, gas,…

Poilievre slams federal-B.C. plan to buy vacant condos, calling it a 'bailout' for developers

Conservative Leader Pierre Poilievre is slamming a plan by the federal and B.C. governments to buy vacant Metro Vancouver condo units and turn them into affordable housing — a move he describes as a "bailout" that should be immediately cancelled.