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BREAKING: the Ford government is also building out condo developers through a Crown agency. They plan to buy 2,200 unsold GTA condos. Last week, Carney announced a program to buy 2,200 unsold Vancouver condos. The exact same number. Same condo glut. Same “affordable” framing. They call it “affordable housing.”... show more

Mario Zelaya

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🚨 Mark Carney says Metro Vancouver has 2,500 completed condos sitting empty. Developers don't want to sell at a loss. So Ottawa and BC are stepping in with billions in infrastructure money, cutting development charges by up to 50%, and using financing tools to convert vacant condos into affordable housing. Later, when asked if governments could buy unsold units from developers, Carney replied: "You can do both." Taxpayers becoming the backstop for the condo market? 🤔

🚨 Mark Carney says Metro Vancouver has 2,500 completed condos sitting empty. Developers don't want to sell at a loss. So Ottawa and BC are stepping in with billions in infrastructure money, cutting development charges by up to 50%, and using financing tools to convert vacant condos into affordable housing. Later, when asked if governments could buy unsold units from developers, Carney replied: "You can do both." Taxpayers becoming the backstop for the condo market? 🤔

Shazi

991,762 Aufrufe • vor 21 Tagen

Someone is looking to drop $1.3B into the Toronto pre-con market. If you do the math… that’s less than 1% of GTA condo supply. A Vancouver realtor says Ontario is spending $1.3B to bail out developers by buying unsold condos. That’s not what the announcement says. The province isn’t buying condos. A private fund is. Ontario’s Building Ontario Fund is providing up to $300M in financing, while High Art Capital is targeting about 2,200 units to convert into rentals. Even if every single unit came from the completed unsold inventory… That’s still under 1% of the GTA condo pipeline!! In other words: A drop in the bucket. Context matters.

Someone is looking to drop $1.3B into the Toronto pre-con market. If you do the math… that’s less than 1% of GTA condo supply. A Vancouver realtor says Ontario is spending $1.3B to bail out developers by buying unsold condos. That’s not what the announcement says. The province isn’t buying condos. A private fund is. Ontario’s Building Ontario Fund is providing up to $300M in financing, while High Art Capital is targeting about 2,200 units to convert into rentals. Even if every single unit came from the completed unsold inventory… That’s still under 1% of the GTA condo pipeline!! In other words: A drop in the bucket. Context matters.

Shazi

22,926 Aufrufe • vor 3 Monaten

Canadians are becoming the backstop to the condo market in Vancouver with over 2200 unsold condos on the market with developers refusing to sell at a loss with ~4000+ vacant condos on the market. The Canadian tax payer is about to get bent over. But, elbows up right? $3.B later and counting…

Canadians are becoming the backstop to the condo market in Vancouver with over 2200 unsold condos on the market with developers refusing to sell at a loss with ~4000+ vacant condos on the market. The Canadian tax payer is about to get bent over. But, elbows up right? $3.B later and counting…

Joel Hodlman

25,629 Aufrufe • vor 20 Tagen

Carney says they didn't explain the condo bailout properly. No. Canadians understood it perfectly. Developers are stuck with unsold units. Government wants taxpayers to help absorb them. Calling it affordable housing doesn't change the transaction. 🚨🇨🇦

Carney says they didn't explain the condo bailout properly. No. Canadians understood it perfectly. Developers are stuck with unsold units. Government wants taxpayers to help absorb them. Calling it affordable housing doesn't change the transaction. 🚨🇨🇦

wealthmoose

41,129 Aufrufe • vor 15 Tagen

MUST WATCH PM Carney claims no developer asked him directly for the billion-dollar bailout of B.C. condos. He framed it as a potential way to convert discounted unsold units into affordable rent-to-own housing.

MUST WATCH PM Carney claims no developer asked him directly for the billion-dollar bailout of B.C. condos. He framed it as a potential way to convert discounted unsold units into affordable rent-to-own housing.

Juno News

12,291 Aufrufe • vor 15 Tagen

WATCH: Prime Minister Mark Carney asked if Condo developers asked him to convert condos to affordable housing. "We don't care about developer, we care about the person, the family the who can potentially move into the home." #cdnpoli

WATCH: Prime Minister Mark Carney asked if Condo developers asked him to convert condos to affordable housing. "We don't care about developer, we care about the person, the family the who can potentially move into the home." #cdnpoli

Jason Pugh 🇨🇦 🏳️‍🌈

22,642 Aufrufe • vor 15 Tagen

Wait A Second..... Ontario Has Set Up A Fund To Bail Out Developers? WTF Is Going On Hear Provincial Government calls it a fund to improve affordable rentals & help the Construction Industry But is it really buying unsold Condo Units to Bailout Developers? Head is exploding

Wait A Second..... Ontario Has Set Up A Fund To Bail Out Developers? WTF Is Going On Hear Provincial Government calls it a fund to improve affordable rentals & help the Construction Industry But is it really buying unsold Condo Units to Bailout Developers? Head is exploding

Ron Butler

71,055 Aufrufe • vor 3 Monaten

Mark Carney spent today trying to clarify his controversial BC condo proposal, even admitting the government hadn't done a good job explaining it. According to Carney, the proposal would involve a roughly $1.45B program, with approximately 10% federal financing and 90% provincial financing, to purchase some unsold condos at a discount and convert them into affordable rent-to-own housing. Carney says the focus isn't on helping developers. He says the goal is to help families who can't afford a down payment get into a home sooner.

Mark Carney spent today trying to clarify his controversial BC condo proposal, even admitting the government hadn't done a good job explaining it. According to Carney, the proposal would involve a roughly $1.45B program, with approximately 10% federal financing and 90% provincial financing, to purchase some unsold condos at a discount and convert them into affordable rent-to-own housing. Carney says the focus isn't on helping developers. He says the goal is to help families who can't afford a down payment get into a home sooner.

Shazi

34,517 Aufrufe • vor 15 Tagen

BREAKING: Conservative MP Aaron Gunn calls for an urgent committee study into PM Carney's plan to buy 2,200+ unsold B.C. condos. A Liberal MP interrupted proceedings three times, citing alleged French translation and audio issues. The ethics chair calls her out.

BREAKING: Conservative MP Aaron Gunn calls for an urgent committee study into PM Carney's plan to buy 2,200+ unsold B.C. condos. A Liberal MP interrupted proceedings three times, citing alleged French translation and audio issues. The ethics chair calls her out.

Juno News

51,391 Aufrufe • vor 3 Tagen

The CARNEY BILLION dollar condo bailout Developers flooded the market with units Canadians can’t afford 👀 Sales collapsed. Now Carney will use taxpayer money to buy empty condos at inflated prices & slap an ‘affordable housing’ label on it Canadians should be beyond angry 🤯

The CARNEY BILLION dollar condo bailout Developers flooded the market with units Canadians can’t afford 👀 Sales collapsed. Now Carney will use taxpayer money to buy empty condos at inflated prices & slap an ‘affordable housing’ label on it Canadians should be beyond angry 🤯

Melissa 🇨🇦

14,160 Aufrufe • vor 17 Tagen

Housing Minister Gregor Robertson urges people to avoid speculating about the government’s plan to buy unsold condos until all the details are ironed out: “Any mischaracterization is premature. Nobody has seen what this program will be.”

Housing Minister Gregor Robertson urges people to avoid speculating about the government’s plan to buy unsold condos until all the details are ironed out: “Any mischaracterization is premature. Nobody has seen what this program will be.”

Sitka Media

26,220 Aufrufe • vor 2 Tagen

Mark Carney is spending your money buying 2200 condos in Vancouver. A condo bailout?! This is wrong for several reasons, but at the end of the day if you’re a young person looking to buy a house in Vancouver, Mark Carney just said loud and clear that he isn’t in it for you.

Mark Carney is spending your money buying 2200 condos in Vancouver. A condo bailout?! This is wrong for several reasons, but at the end of the day if you’re a young person looking to buy a house in Vancouver, Mark Carney just said loud and clear that he isn’t in it for you.

Andrew Scheer

50,821 Aufrufe • vor 6 Tagen

"Mark Carney seems to have a bailout for anyone in the Liberal club of power brokers, corporate insiders, and lobbyists," Poilievre said. The latest example is his $3.2B bailout for developers in Vancouver that will turn 2,200 empty condos into affordable homes.

"Mark Carney seems to have a bailout for anyone in the Liberal club of power brokers, corporate insiders, and lobbyists," Poilievre said. The latest example is his $3.2B bailout for developers in Vancouver that will turn 2,200 empty condos into affordable homes.

Juno News

38,530 Aufrufe • vor 18 Tagen

Canada's condo bailout got rebranded. First it was about absorbing vacant/distressed condos in B.C. After the blowback, the language shifted to rent-to-own and ownership pathways. Cleaner politics. Same economic problem. There is unsold condo inventory. Someone has to eat the loss. Rent-to-own just makes the bailout sound like help for renters instead of help for developers. #CanadianRealEstate #HousingMarket #CanadaHousing #RealEstate #Economics

Canada's condo bailout got rebranded. First it was about absorbing vacant/distressed condos in B.C. After the blowback, the language shifted to rent-to-own and ownership pathways. Cleaner politics. Same economic problem. There is unsold condo inventory. Someone has to eat the loss. Rent-to-own just makes the bailout sound like help for renters instead of help for developers. #CanadianRealEstate #HousingMarket #CanadaHousing #RealEstate #Economics

Daniel Foch

32,208 Aufrufe • vor 13 Tagen

Mark Carney had an official ethics screen blocking him from housing decisions tied to his former employer Brookfield. A Privy Council report confirms he was recused from $3.1 billion in housing support linked to a Brookfield subsidiary. Days later, he stood in Vancouver and announced a federal/provincial deal to use public money to absorb over 2,200 unsold condos and give developers $3.2 billion in breaks, because, in his words, developers "don’t want to sell at a loss" The video lays it out clearly. Official records. Clear contradiction. You decide what it means.

Mark Carney had an official ethics screen blocking him from housing decisions tied to his former employer Brookfield. A Privy Council report confirms he was recused from $3.1 billion in housing support linked to a Brookfield subsidiary. Days later, he stood in Vancouver and announced a federal/provincial deal to use public money to absorb over 2,200 unsold condos and give developers $3.2 billion in breaks, because, in his words, developers "don’t want to sell at a loss" The video lays it out clearly. Official records. Clear contradiction. You decide what it means.

Wes Jones

11,725 Aufrufe • vor 15 Tagen

Canada’s government is now using your tax dollars to buy up empty condos in B.C. — and calling it “affordable housing.” Here’s what they’re not telling you. Developers overbuilt and couldn’t sell. Instead of letting the market correct, the government stepped in with $3.2 billion to bail them out. The developers get made whole. The government gets control of the housing supply. And you? You get to pay for it. Now imagine owning a $1M condo while the units around you fill with subsidized housing. What happens to your value? Your rent? Your exit? They already run the banks, healthcare, and your taxes. Now they’re reaching into the market itself. Follow the money — it never ends up in your pocket.

Canada’s government is now using your tax dollars to buy up empty condos in B.C. — and calling it “affordable housing.” Here’s what they’re not telling you. Developers overbuilt and couldn’t sell. Instead of letting the market correct, the government stepped in with $3.2 billion to bail them out. The developers get made whole. The government gets control of the housing supply. And you? You get to pay for it. Now imagine owning a $1M condo while the units around you fill with subsidized housing. What happens to your value? Your rent? Your exit? They already run the banks, healthcare, and your taxes. Now they’re reaching into the market itself. Follow the money — it never ends up in your pocket.

🇨🇦 Antonio Tweets

121,151 Aufrufe • vor 19 Tagen

The Ford government is pausing a plan to require developers to build affordable housing in units near transit stations. Toronto's Mayor tried to negotiate, but "did't get very far" with the provincial government. #onpoli

The Ford government is pausing a plan to require developers to build affordable housing in units near transit stations. Toronto's Mayor tried to negotiate, but "did't get very far" with the provincial government. #onpoli

Colin D'Mello | Global News

51,752 Aufrufe • vor 5 Monaten

🚨 CONDO BAILOUT 🚨 Mark Carney stood in front of a microphone and told everyone the solution to the housing crisis is for the government to buy condos, and subsidize development fees. The problem: Nobody's buying it, and now he's being hit from critics from all sides.

🚨 CONDO BAILOUT 🚨 Mark Carney stood in front of a microphone and told everyone the solution to the housing crisis is for the government to buy condos, and subsidize development fees. The problem: Nobody's buying it, and now he's being hit from critics from all sides.

Northern Perspective

47,508 Aufrufe • vor 17 Tagen

🇨🇦💰🏠 : Mark Carney admits his Vancouver condo bailout strategy has no actual plan for which condos will be purchased, nor from whom. Carney does claim he wants to buy condos so he can set up a rent to own scheme. According to Carney, people who need affordable housing can eventually own their condo after renting for an undetermined amount of time. No details forthcoming. So yet another housing announcement with funding allocated, but no other details. As my quoted post highlights, our government has blown tens of billions on housing, only to provide almost no housing. The money simply seems to vanish. Obviously there are no hard targets for what the money will actually do. When that happens, the money is bound to get bled dry, with minimal benefit. The government is basically begging unethical companies and shell companies, to rip us off.

🇨🇦💰🏠 : Mark Carney admits his Vancouver condo bailout strategy has no actual plan for which condos will be purchased, nor from whom. Carney does claim he wants to buy condos so he can set up a rent to own scheme. According to Carney, people who need affordable housing can eventually own their condo after renting for an undetermined amount of time. No details forthcoming. So yet another housing announcement with funding allocated, but no other details. As my quoted post highlights, our government has blown tens of billions on housing, only to provide almost no housing. The money simply seems to vanish. Obviously there are no hard targets for what the money will actually do. When that happens, the money is bound to get bled dry, with minimal benefit. The government is basically begging unethical companies and shell companies, to rip us off.

Bruce McGonigal

40,490 Aufrufe • vor 15 Tagen

Real estate developer Bob Rennie the "condo king," in 2025 on a little-known real estate podcast, hosted by the Vancouver Sun, claimed he was working with Mark Carney on a condo bailout proposal recently announced. Carney last week says he did not "directly" talk to developers even though there were Liberal fundraisers organized with this developer. Rennie told the panel: “I’m working with Carney – surprise – and I’m trying to get a rental program in where people can buy...let’s allow foreign buyers to buy it; they have to rent it out for 25 years and it will show the world we are open for business..." Did Prime Minister Mark Carney lie about talking to developers and why is the corporate legacy media not using this podcast quote to do an obvious follow up with the Prime Minister? RECEIPTS: Condo marketer Bob Rennie speaks at a Vancouver panel March 4, 2025. Conversations Live podcast put out by the Vancouver Sun and sponsored by other mainstream legacy media. 2025 Article: 2025 Podcast Vid:

Real estate developer Bob Rennie the "condo king," in 2025 on a little-known real estate podcast, hosted by the Vancouver Sun, claimed he was working with Mark Carney on a condo bailout proposal recently announced. Carney last week says he did not "directly" talk to developers even though there were Liberal fundraisers organized with this developer. Rennie told the panel: “I’m working with Carney – surprise – and I’m trying to get a rental program in where people can buy...let’s allow foreign buyers to buy it; they have to rent it out for 25 years and it will show the world we are open for business..." Did Prime Minister Mark Carney lie about talking to developers and why is the corporate legacy media not using this podcast quote to do an obvious follow up with the Prime Minister? RECEIPTS: Condo marketer Bob Rennie speaks at a Vancouver panel March 4, 2025. Conversations Live podcast put out by the Vancouver Sun and sponsored by other mainstream legacy media. 2025 Article: 2025 Podcast Vid:

David Krayden

34,068 Aufrufe • vor 10 Tagen