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PM Carney's remarks on the controversial BC condo purchase program. He acknowledges the government has done a poor job of explaining what this is. New details: The program has a maximum budget of $1.45B, with 10% from the federal government and 90% from the province.

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Dr. Mike P. Moffatt 🇨🇦🏅🏅

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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.
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