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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.

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Juno News

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"I don't think we've done, myself included, a particularly good job of rolling this out and explaining exactly what it is," says PM Carney when asked whether developers pushed for federal-B.C. plan to convert unsold condos in the province into affordable housing units. #cdnpoli
3:41

"I don't think we've done, myself included, a particularly good job of rolling this out and explaining exactly what it is," says PM Carney when asked whether developers pushed for federal-B.C. plan to convert unsold condos in the province into affordable housing units. #cdnpoli

CPAC

33,910 Aufrufe • vor 1 Monat

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
3:42

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 1 Monat

"We don't care about the developer. We care about the person or the family that can potentially move into the home ... We will look at any opportunity across the country that gets more affordable housing to Canadians." PM Carney discusses possible plan to buy unsold condos in B.C.
2:55

"We don't care about the developer. We care about the person or the family that can potentially move into the home ... We will look at any opportunity across the country that gets more affordable housing to Canadians." PM Carney discusses possible plan to buy unsold condos in B.C.

Scott Robertson

39,309 Aufrufe • vor 1 Monat

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 🤯
0:32

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 1 Monat

CARNEY’s CONDO BAILOUT: Carney claims the idea was initiated by B.C. And all of a sudden it’s been a rent to own project.
2:45

CARNEY’s CONDO BAILOUT: Carney claims the idea was initiated by B.C. And all of a sudden it’s been a rent to own project.

Drea Humphrey

10,790 Aufrufe • vor 1 Monat

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. 🚨🇨🇦
3:39

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

41,192 Aufrufe • vor 1 Monat

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
2:45

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 1 Monat

🚨 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? 🤔
0:57

🚨 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

993,924 Aufrufe • vor 2 Monaten

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.” But neither make the developer take a loss. But you do. You get the bill.
2:55

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.” But neither make the developer take a loss. But you do. You get the bill.

Mario Zelaya

50,925 Aufrufe • vor 1 Monat

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.
4:02

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

34,607 Aufrufe • vor 1 Monat

PM Carney tries to clarify what the billion-dollar condo bailout entails, noting that BC came up with the idea, and “no developer” asked for it: “I don't think we've done a particularly good job of rolling this out, explaining what this is.” #cdnpoli #bcpoli
4:55

PM Carney tries to clarify what the billion-dollar condo bailout entails, noting that BC came up with the idea, and “no developer” asked for it: “I don't think we've done a particularly good job of rolling this out, explaining what this is.” #cdnpoli #bcpoli

Sitka Media

23,103 Aufrufe • vor 1 Monat

🇨🇦💰🏠 : 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.
3:09

🇨🇦💰🏠 : 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

40,559 Aufrufe • vor 1 Monat

"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.
2:11

"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

38,757 Aufrufe • vor 1 Monat

You can't trust Mr. Carney to fix the housing crisis when he's profited off it. As Chair of Brookfield - he was responsible for the corporation buying up affordable homes, kicking out tenants, and jacking up the rent.
0:25

You can't trust Mr. Carney to fix the housing crisis when he's profited off it. As Chair of Brookfield - he was responsible for the corporation buying up affordable homes, kicking out tenants, and jacking up the rent.

Jagmeet Singh

51,562 Aufrufe • vor 1 Jahr

Mark Carney said that its not fair that small businesses dont get bailouts ...and that he doesn't like bailouts and one of his first actions as PM was to bailout a condo developer and then shut down the resulting ethics investigation into it.
0:31

Mark Carney said that its not fair that small businesses dont get bailouts ...and that he doesn't like bailouts and one of his first actions as PM was to bailout a condo developer and then shut down the resulting ethics investigation into it.

Tablesalt 🇨🇦🇺🇸

22,125 Aufrufe • vor 1 Monat

Carney once bragged about profiting from regulations HE helped create! Now he offers no housing plan, no growth plan, AND NO BUDGET! We’ll hold him accountable, line-by-line, dollar-by-dollar. Not for our own benefit. For Canadians! Watch my reply to his Throne Speech.
21:01

Carney once bragged about profiting from regulations HE helped create! Now he offers no housing plan, no growth plan, AND NO BUDGET! We’ll hold him accountable, line-by-line, dollar-by-dollar. Not for our own benefit. For Canadians! Watch my reply to his Throne Speech.

Andrew Scheer

50,537 Aufrufe • vor 1 Jahr

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.
3:16

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

11,828 Aufrufe • vor 1 Monat

US Attorney Bill Essayli found some of Gavin Newsom's missing $24 billion homeless money A downtown Los Angeles developer of affordable housing units was paid $26 million dollars directly from a California state agency “The developer did not complete the construction — he stole the money” “Our investigation has showed that at least $2.2 million was diverted to pay Mr. Holmes' American Express bill.”
2:15

US Attorney Bill Essayli found some of Gavin Newsom's missing $24 billion homeless money A downtown Los Angeles developer of affordable housing units was paid $26 million dollars directly from a California state agency “The developer did not complete the construction — he stole the money” “Our investigation has showed that at least $2.2 million was diverted to pay Mr. Holmes' American Express bill.”

Wall Street Apes

177,934 Aufrufe • vor 6 Monaten

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.
2:03

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

52,742 Aufrufe • vor 1 Monat

Mark Carney is trying to explain his developers bailout. The more he talks the worst it gets. Apparently the government is moving towards rent to own business. This confirms that it is also a bank bailout and that the government is intervening creating a price floor.
1:58

Mark Carney is trying to explain his developers bailout. The more he talks the worst it gets. Apparently the government is moving towards rent to own business. This confirms that it is also a bank bailout and that the government is intervening creating a price floor.

Kirk Lubimov

86,261 Aufrufe • vor 1 Monat