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Canadians should not be forced to bail out condo developers. Condo prices in the Vancouver area, Canada's most expensive housing market, should be allowed to normalize, giving the next generation a fair shot at home ownership. A bailout won’t create new housing — it will only keep prices out... show more

Jacob Mantle

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29,628 views • 2 months ago •via X (Twitter)

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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 🇨🇦

14,324 views • 3 months ago

Jacob Mantle at the Ethics Committee today quotes Mark Carney from his book "For if banks and markets were bailed out from their mistakes, then what was to stop them from taking on greater risks in the future? A continuation of the heads they win, tails we lose finance." "How would that promote the values of responsibility, accountability, prudence and trust that are essential to sustainable finance?" And follows with "I would ask him the same questions today. Why should Canadians take on this burden?" "Why should he now continue to allow developers to engage in a heads they win tales Canadian Home Buyers Lose Housing Development Plan how does this Condo bailout promote the values of responsibility, accountability, prudence and trust that are essential to sustainable finance and a sustainable housing market for the next generation?" Jacob Mantle Mark Carney

Jacob Mantle at the Ethics Committee today quotes Mark Carney from his book "For if banks and markets were bailed out from their mistakes, then what was to stop them from taking on greater risks in the future? A continuation of the heads they win, tails we lose finance." "How would that promote the values of responsibility, accountability, prudence and trust that are essential to sustainable finance?" And follows with "I would ask him the same questions today. Why should Canadians take on this burden?" "Why should he now continue to allow developers to engage in a heads they win tales Canadian Home Buyers Lose Housing Development Plan how does this Condo bailout promote the values of responsibility, accountability, prudence and trust that are essential to sustainable finance and a sustainable housing market for the next generation?" Jacob Mantle Mark Carney

cbcwatcher

24,523 views • 2 months ago

Is this the beginning of a Liberal-NDP cover-up involving developers, big banks and foreign investors? If the government has nothing to hide, why did they shut down the ethics committee investigation? When it comes to the condo billionaire bailout, Canadians deserve answers.

Is this the beginning of a Liberal-NDP cover-up involving developers, big banks and foreign investors? If the government has nothing to hide, why did they shut down the ethics committee investigation? When it comes to the condo billionaire bailout, Canadians deserve answers.

Aaron Gunn

23,683 views • 2 months ago

Australia’s housing obsession is one of its greatest weaknesses. Rising house prices are not a sign of prosperity. What they actually tell you is that more money is being borrowed from the banking sector to buy homes. The cause of rising house prices is rising household debt, and that is unproductive. House prices are now five times more expensive than consumer goods compared to 1970. We should never have allowed that to happen. Housing should not be an asset. It is not something you should profit out of. It is something you should live in. The people who really benefit from rising house prices are real estate agents and property developers, not the families who live in them. We are paupers living inside castles. Paying a fortune on the mortgage, a fortune on private schools, and out of the remainder, just trying to live. For the more information, check out the comment section, #SteveKeen #AustraliaProperty #HousingCrisis #MortgageDebt #Economics #HousingAffordability

Australia’s housing obsession is one of its greatest weaknesses. Rising house prices are not a sign of prosperity. What they actually tell you is that more money is being borrowed from the banking sector to buy homes. The cause of rising house prices is rising household debt, and that is unproductive. House prices are now five times more expensive than consumer goods compared to 1970. We should never have allowed that to happen. Housing should not be an asset. It is not something you should profit out of. It is something you should live in. The people who really benefit from rising house prices are real estate agents and property developers, not the families who live in them. We are paupers living inside castles. Paying a fortune on the mortgage, a fortune on private schools, and out of the remainder, just trying to live. For the more information, check out the comment section, #SteveKeen #AustraliaProperty #HousingCrisis #MortgageDebt #Economics #HousingAffordability

Prof. Steve Keen

60,030 views • 3 months ago

Former Liberal Party president Stephen Ledrew just laid it out plain. This Vancouver condo bailout stinks. A $3 billion taxpayer handout to bail out rich developers — right after the Housing Minister (former Vancouver mayor Gregor Robertson) took $25,000-a-plate fundraisers from the same condo king now getting bailed out. Then there’s the timing: Brookfield (where Mark Carney used to be chairman) cuts a billion-dollar deal with Vancouver developers just weeks before the bailout drops. And Carney? The guy who “forgot” he had millions in American oil shares when asked about his assets. Ledrew says it walks like a duck, quacks like a duck… it’s corruption. So what do the Liberals do when Conservatives try to call witnesses and investigate? They use their stolen majority to shut the committee down for the summer. No questions. No answers. Just protect the deal. If you’re clean, prove it. But right now this whole thing reeks — and Canadians are the ones left holding the bill.

Former Liberal Party president Stephen Ledrew just laid it out plain. This Vancouver condo bailout stinks. A $3 billion taxpayer handout to bail out rich developers — right after the Housing Minister (former Vancouver mayor Gregor Robertson) took $25,000-a-plate fundraisers from the same condo king now getting bailed out. Then there’s the timing: Brookfield (where Mark Carney used to be chairman) cuts a billion-dollar deal with Vancouver developers just weeks before the bailout drops. And Carney? The guy who “forgot” he had millions in American oil shares when asked about his assets. Ledrew says it walks like a duck, quacks like a duck… it’s corruption. So what do the Liberals do when Conservatives try to call witnesses and investigate? They use their stolen majority to shut the committee down for the summer. No questions. No answers. Just protect the deal. If you’re clean, prove it. But right now this whole thing reeks — and Canadians are the ones left holding the bill.

JayGen 𝕏 er🇨🇦

101,448 views • 2 months ago

While Mark Carney bails out condo developers in Vancouver and Brookfield seeks to profit from it all, a lesser known bailout is happening in Toronto. Sam Cooper breaks down the Toronto Model: a companion to the Vancouver Model system of Chinese money laundering that caused a similar housing crisis. Full episode premieres everywhere tomorrow, July 8th.

While Mark Carney bails out condo developers in Vancouver and Brookfield seeks to profit from it all, a lesser known bailout is happening in Toronto. Sam Cooper breaks down the Toronto Model: a companion to the Vancouver Model system of Chinese money laundering that caused a similar housing crisis. Full episode premieres everywhere tomorrow, July 8th.

Jason James

21,471 views • 2 months ago

I was asked today about our plan to invest, especially in younger Canadians, and why those at the very top should pay their fair share — it’s so we can address the housing crisis. It’s a question of fairness for every generation.

I was asked today about our plan to invest, especially in younger Canadians, and why those at the very top should pay their fair share — it’s so we can address the housing crisis. It’s a question of fairness for every generation.

Chrystia Freeland

79,738 views • 2 years ago

Today in the Ethics Committee, Conservative MP Aaron Gunn -Aaron Gunn called out the Liberals’ $1.45 billion BC condo developer bailout for exactly what it is. He ripped into the generational inequity of taking tax dollars from young people still trying to enter the housing market and handing huge sums to developers who have already made billions. He pointed out that this creates no new housing. It simply rewards the people who built overpriced condos that normal families cannot afford. Gunn said it is bad economic policy. Unethical. Immoral. Wrong. He is correct. This is not about helping young Canadians get homes. It is about protecting the connected developers and their political friends. The Liberals shut down any real investigation before it could start. British Columbia families are paying the price while the same people who helped create the housing mess get bailed out.

Today in the Ethics Committee, Conservative MP Aaron Gunn -Aaron Gunn called out the Liberals’ $1.45 billion BC condo developer bailout for exactly what it is. He ripped into the generational inequity of taking tax dollars from young people still trying to enter the housing market and handing huge sums to developers who have already made billions. He pointed out that this creates no new housing. It simply rewards the people who built overpriced condos that normal families cannot afford. Gunn said it is bad economic policy. Unethical. Immoral. Wrong. He is correct. This is not about helping young Canadians get homes. It is about protecting the connected developers and their political friends. The Liberals shut down any real investigation before it could start. British Columbia families are paying the price while the same people who helped create the housing mess get bailed out.

Dan Knight

13,670 views • 2 months ago

Canadians mail should not be accessed without a warrant. Canadians should not be kicked off the internet without due process. Canadians should not be threated with unprecedented police powers to suppress speech online. But for every societal problem, the Liberals' first instinct is to erode the freedoms of Canadians. Thank you to the many residents of York-Durham who have written to me about this. I will keep fighting against the kinds of attacks on personal freedom the government has introduced in Bills C-2, C-8, and C-9.

Canadians mail should not be accessed without a warrant. Canadians should not be kicked off the internet without due process. Canadians should not be threated with unprecedented police powers to suppress speech online. But for every societal problem, the Liberals' first instinct is to erode the freedoms of Canadians. Thank you to the many residents of York-Durham who have written to me about this. I will keep fighting against the kinds of attacks on personal freedom the government has introduced in Bills C-2, C-8, and C-9.

Jacob Mantle

76,218 views • 11 months ago

Brookfield Asset Management owns over 65,000 American homes, single family homes and manufactured housing communities He says since the cost of home ownership is so out of reach for Americans, they’re taking advantage of the opportunity and buying more homes “In the US Is really out of reach for most people. So people will continue to be renters for longer. And that means apartments, single family rental, student housing, all the forms of rental housing are really interesting — We saw a real repricing of those assets. So today there are ability, there's an ability to buy them from sellers that have to get liquidity” It is so INSANE this is allowed to continue. Americans will NEVER be able to buy a home as long as this is allowed

Brookfield Asset Management owns over 65,000 American homes, single family homes and manufactured housing communities He says since the cost of home ownership is so out of reach for Americans, they’re taking advantage of the opportunity and buying more homes “In the US Is really out of reach for most people. So people will continue to be renters for longer. And that means apartments, single family rental, student housing, all the forms of rental housing are really interesting — We saw a real repricing of those assets. So today there are ability, there's an ability to buy them from sellers that have to get liquidity” It is so INSANE this is allowed to continue. Americans will NEVER be able to buy a home as long as this is allowed

Wall Street Apes

177,794 views • 1 year ago

Good question "when Gregor Robertson was Vancouver mayor, the price of buying a house increased by 179% in one of the most expensive markets in Canada." "Why do you think someone with this track record should oversee the housing file?" "Is this a signal from you that you don't think housing prices should go down?" Carney "And I'm thrilled that he is in the, in the new role because he brings the type of experience that we need to tackle some aspects of this problem." "...But ultimately it's a question of supply."

Good question "when Gregor Robertson was Vancouver mayor, the price of buying a house increased by 179% in one of the most expensive markets in Canada." "Why do you think someone with this track record should oversee the housing file?" "Is this a signal from you that you don't think housing prices should go down?" Carney "And I'm thrilled that he is in the, in the new role because he brings the type of experience that we need to tackle some aspects of this problem." "...But ultimately it's a question of supply."

cbcwatcher

198,767 views • 1 year ago

The Liberal-NDP decision to give billionaire condo developers $1.45 BILLION in taxpayers’ money is a slap in the face. Canadians are already struggling with an affordability crisis. Millions, especially young people, are unable to afford their first home. To take money out of their pockets to pay off the government’s wealthy developer friends (just so they won’t have to lower prices) is shameful.

The Liberal-NDP decision to give billionaire condo developers $1.45 BILLION in taxpayers’ money is a slap in the face. Canadians are already struggling with an affordability crisis. Millions, especially young people, are unable to afford their first home. To take money out of their pockets to pay off the government’s wealthy developer friends (just so they won’t have to lower prices) is shameful.

Aaron Gunn

20,926 views • 2 months ago

Carney's condo bailout just got a whole lot shadier 🏙️ MP Aaron Gunn joins Rebel News' Drea Humphrey to explain why Conservatives tried to launch an emergency ethics investigation into Carney’s “Billionaire Condo Buyout,” and the troubling Brookfield connection they say Canadians deserve answers about. Suspicions surrounding Prime Minister Mark Carney's $1.45 billion condo bailout plan deepened Tuesday after the Liberal majority shut down the federal Conservatives effort to investigate who the controversial plan truly benefits. The plan, first announced by Carney and B.C. Premier David Eby, would see governments use taxpayer funds to acquire up to 2,200 unsold condominium units in Greater Vancouver after Carney argued developers were "stuck" and "don't want to sell at a loss." Despite Parliament being recessed for the summer, newly appointed Conservative Shadow Minister for Ethics and Accountable Government Aaron Gunn and his Conservative colleagues called an emergency meeting of the House of Commons Ethics Committee to demand answers. In an interview with Rebel News, Gunn explained how Carney’s plan to intervene when developers face pressure to lower the cost of their units to match market demand and affordability amounts to a massive transfer of wealth away from young Canadians trying to enter the housing market. "You're literally taking tax dollars in some cases from individuals who have been struggling to enter the housing market for the very first time... and you're giving it to wealthy developers who have literally made more money than practically anybody over the past 20 years on the Vancouver real estate market," Gunn said. As Conservative MPs dug deeper into the little-known details surrounding the controversial proposal, they say they uncovered connections they believe Canadians deserve to see fully examined to avoid any perception of a conflict of interest. One of the most significant potential conflicts was Brookfield's June 3 announcement that it had entered into a joint industrial venture with Concert Properties, just 15 days before Carney and Eby unveiled their plan to use taxpayer-backed financing to acquire up to 2,200 unsold Metro Vancouver condominium units. According to Conservative MP Gabriel Hardy, Concert Properties is among the major Metro Vancouver developers positioned to likely benefit from the proposed buyout due to its many empty condos in Greater Vancouver’s Burnaby city. The timing of Brookfield's partnership is one of several issues Conservatives wanted independently scrutinized. With those concerns in mind, Gunn introduced a motion calling for up to six ethics hearings into the condo-buying plan. Had it passed, key political figures and industry representatives—including federal Housing Minister Gregor Robertson, B.C. Housing Minister Christine Boyle, Concert Properties, Vancouver “Condo-King” developer Bob Rennie and even Brookfield Asset Management would have been called to testify. Instead, the Liberal majority blocked Gunn's motion before the proposed investigation could proceed. Gunn says Canadians still deserve answers. "Where did this idea come from? Who lobbied for it? And who, maybe most importantly, stands to benefit the most when it comes to developers, big banks, and foreign investors?" he said.

Carney's condo bailout just got a whole lot shadier 🏙️ MP Aaron Gunn joins Rebel News' Drea Humphrey to explain why Conservatives tried to launch an emergency ethics investigation into Carney’s “Billionaire Condo Buyout,” and the troubling Brookfield connection they say Canadians deserve answers about. Suspicions surrounding Prime Minister Mark Carney's $1.45 billion condo bailout plan deepened Tuesday after the Liberal majority shut down the federal Conservatives effort to investigate who the controversial plan truly benefits. The plan, first announced by Carney and B.C. Premier David Eby, would see governments use taxpayer funds to acquire up to 2,200 unsold condominium units in Greater Vancouver after Carney argued developers were "stuck" and "don't want to sell at a loss." Despite Parliament being recessed for the summer, newly appointed Conservative Shadow Minister for Ethics and Accountable Government Aaron Gunn and his Conservative colleagues called an emergency meeting of the House of Commons Ethics Committee to demand answers. In an interview with Rebel News, Gunn explained how Carney’s plan to intervene when developers face pressure to lower the cost of their units to match market demand and affordability amounts to a massive transfer of wealth away from young Canadians trying to enter the housing market. "You're literally taking tax dollars in some cases from individuals who have been struggling to enter the housing market for the very first time... and you're giving it to wealthy developers who have literally made more money than practically anybody over the past 20 years on the Vancouver real estate market," Gunn said. As Conservative MPs dug deeper into the little-known details surrounding the controversial proposal, they say they uncovered connections they believe Canadians deserve to see fully examined to avoid any perception of a conflict of interest. One of the most significant potential conflicts was Brookfield's June 3 announcement that it had entered into a joint industrial venture with Concert Properties, just 15 days before Carney and Eby unveiled their plan to use taxpayer-backed financing to acquire up to 2,200 unsold Metro Vancouver condominium units. According to Conservative MP Gabriel Hardy, Concert Properties is among the major Metro Vancouver developers positioned to likely benefit from the proposed buyout due to its many empty condos in Greater Vancouver’s Burnaby city. The timing of Brookfield's partnership is one of several issues Conservatives wanted independently scrutinized. With those concerns in mind, Gunn introduced a motion calling for up to six ethics hearings into the condo-buying plan. Had it passed, key political figures and industry representatives—including federal Housing Minister Gregor Robertson, B.C. Housing Minister Christine Boyle, Concert Properties, Vancouver “Condo-King” developer Bob Rennie and even Brookfield Asset Management would have been called to testify. Instead, the Liberal majority blocked Gunn's motion before the proposed investigation could proceed. Gunn says Canadians still deserve answers. "Where did this idea come from? Who lobbied for it? And who, maybe most importantly, stands to benefit the most when it comes to developers, big banks, and foreign investors?" he said.

Rebel News

49,907 views • 2 months ago

"Vancouver, Canada is now the third most expensive housing market in the world" "Toronto has the worst housing bubble on planet earth" "We have the most mortgage debt by far of any G7 country" "This is INSANE" "What is the number one cost to building a new home in Vancouver, Canada today?" "Government permits" "Government represents 60% of the cost of a newly built home in Vancouver today" "Both of them more expensive than New York City, Chicago, Los Angeles" 🚨🚨🚨

"Vancouver, Canada is now the third most expensive housing market in the world" "Toronto has the worst housing bubble on planet earth" "We have the most mortgage debt by far of any G7 country" "This is INSANE" "What is the number one cost to building a new home in Vancouver, Canada today?" "Government permits" "Government represents 60% of the cost of a newly built home in Vancouver today" "Both of them more expensive than New York City, Chicago, Los Angeles" 🚨🚨🚨

Wall Street Mav

957,648 views • 2 years ago