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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....

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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

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EXCLUSIVE: I went to Bermuda to find the money Mark Carney hid from the CRA Until a few weeks ago, Mark Carney was the chairman of Brookfield Asset Management, a massive corporation that manages more than a trillion dollars. It truly spans the globe — just like Carney himself, who has three passports and was a board member of the World Economic Forum. Carney is our prime minister now, though Canadians hardly know him. But one thing is becoming clear: he went to great lengths to make sure Brookfield paid as little tax in Canada as possible. Carney personally led two massive Brookfield investments into green energy, totalling $25 billion. But he didn't headquarter that company in Canada, or the U.S., or anywhere they were actually building solar panels or wind turbines. No, he headquartered them in Bermuda — at 73 Front Street, the same address as a bike rental shop. What's going on there? Well, I decided to fly down and go to that bike shop and ask, and we've made a short documentary about it. As you can see, the Bermuda address is just a shell company, a front. Or as a child would say, a lie. According to legend, the Bermuda Triangle is a place where ships and even airplanes disappear. I don't know about that, but Bermuda is definitely a place where oligarchs like Carney make billions of dollars disappear, to evade the Canada Revenue Agency and other tax collectors. They're being sued right now by the CRA for breaking the law. But even if they're right — even if they've found a way to game the system, legally — is that ethical conduct from the man who has become our prime minister? The only thing more gross than that, is how easily Carney has been able to pay off the regime media, including a $150 million election bribe to the CBC state broadcaster. You can believe that if it were Pierre Poilievre stashing money in a tax haven, the CBC would be camped out at the bike shop around the clock. Why does Carney still refuse to sell his Brookfield stock? When was the last time he spoke with Brookfield? Will Brookfield continue to get huge contracts from the Canadian government? Will Carney shut down the CRA’s lawsuit against Brookfield? Good questions — but not ones you’ll ever hear the CBC ask. I promise, we’ll keep at it, though. REPORT by Ezra Levant 🍁🚛:

Rebel News

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