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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

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71,118 görüntüleme • 5 ay önce •via X (Twitter)

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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 görüntüleme • 5 ay önce

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

41,192 görüntüleme • 2 ay önce

Companies Are Buying Up Unsold Condo Units: Is It A Bad Thing? 2 Companies are doing it publicly & several others are doing it privately Developers stuck with Unsold Condo are unloading them at Wholesale Discounts Should this be allowed? Or it's inevitable?

Companies Are Buying Up Unsold Condo Units: Is It A Bad Thing? 2 Companies are doing it publicly & several others are doing it privately Developers stuck with Unsold Condo are unloading them at Wholesale Discounts Should this be allowed? Or it's inevitable?

Ron Butler

17,596 görüntüleme • 3 ay önce

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.

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 görüntüleme • 2 ay önce

After The Fucktastrophe Of The BC Condo Bailout The Likelihood Of Another Policy Change To Help Condo Developers Seems Guaranteed I think that Predictions are a Crap Business but here's one that is looking like a dead certainty Even though it only helps Developers Here it is:

After The Fucktastrophe Of The BC Condo Bailout The Likelihood Of Another Policy Change To Help Condo Developers Seems Guaranteed I think that Predictions are a Crap Business but here's one that is looking like a dead certainty Even though it only helps Developers Here it is:

Ron Butler

62,830 görüntüleme • 2 ay önce

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 görüntüleme • 7 ay önce

Poilievre calls on the feds to cancel the condo bailout, and urges developers to “lower the sale price” so units are actually affordable: “This is another example of a tiny club of Liberal elites, billionaires, and insiders getting rich by making hardworking Canadians poor.”

Poilievre calls on the feds to cancel the condo bailout, and urges developers to “lower the sale price” so units are actually affordable: “This is another example of a tiny club of Liberal elites, billionaires, and insiders getting rich by making hardworking Canadians poor.”

Sitka Media

139,314 görüntüleme • 2 ay önce

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.

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

86,296 görüntüleme • 2 ay önce

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 görüntüleme • 2 ay önce

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

23,649 görüntüleme • 1 ay önce

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

34,607 görüntüleme • 2 ay önce

Murray: Trump is literally using tax dollars to set up a slush fund to enrich his own friends. Blanche: You just set up a series of facts that are not true. Murray: The president has set up a slush fund. Blanche: This is not a slush fund. Murray: This is corruption.

Murray: Trump is literally using tax dollars to set up a slush fund to enrich his own friends. Blanche: You just set up a series of facts that are not true. Murray: The president has set up a slush fund. Blanche: This is not a slush fund. Murray: This is corruption.

Acyn

112,813 görüntüleme • 3 ay önce

"This technology when I demoed it is next level. It's not even close to what $META has put out there. Ultimately, developers are going to get on board. They're not going to sell a lot of units initially," says Gene Munster on $AAPL's VisionPro. "The tech is remarkable."

"This technology when I demoed it is next level. It's not even close to what $META has put out there. Ultimately, developers are going to get on board. They're not going to sell a lot of units initially," says Gene Munster on $AAPL's VisionPro. "The tech is remarkable."

Squawk Box

29,251 görüntüleme • 3 yıl önce

"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

"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 görüntüleme • 2 ay önce

Pierre Poilievre on Mark Carney's proposed condo bailout: "They inflated the housing bubble, burst the housing bubble, and now want taxpayers to bail out the bankers and developers who profited from it." His solution? If condos aren't selling, lower the price. Why should a waitress or welder pay higher taxes so developers can avoid taking a loss?

Pierre Poilievre on Mark Carney's proposed condo bailout: "They inflated the housing bubble, burst the housing bubble, and now want taxpayers to bail out the bankers and developers who profited from it." His solution? If condos aren't selling, lower the price. Why should a waitress or welder pay higher taxes so developers can avoid taking a loss?

Shazi

70,374 görüntüleme • 2 ay önce

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 görüntüleme • 2 ay önce

Protester: There's no money to extend the affordable care act, to feed the children. for WIC, for SNAP… but we can fund a war, and they’re asking for 200 billion more dollars to fund a war? What is going on?

Protester: There's no money to extend the affordable care act, to feed the children. for WIC, for SNAP… but we can fund a war, and they’re asking for 200 billion more dollars to fund a war? What is going on?

Acyn

41,293 görüntüleme • 5 ay önce

🔥 Sabrina Salvati Lights Up Oprah & Her Maui Charity ‘Fund’ w/ The Rock “It is a fund inside of a non-profit…The Maui fund is within the Entertainment Industry Foundation…When you go to the fund’s website they’re saying that they’re going to give $1,200 for each adult…The president of the non-profit that manages this fund is making over $400,000/year.” Sabby Sabs Oprah Winfrey Dwayne Johnson

🔥 Sabrina Salvati Lights Up Oprah & Her Maui Charity ‘Fund’ w/ The Rock “It is a fund inside of a non-profit…The Maui fund is within the Entertainment Industry Foundation…When you go to the fund’s website they’re saying that they’re going to give $1,200 for each adult…The president of the non-profit that manages this fund is making over $400,000/year.” Sabby Sabs Oprah Winfrey Dwayne Johnson

Chief Nerd

719,418 görüntüleme • 3 yıl önce

The government is more than $1 trillion in debt. Carney is going to borrow another $25 billion. Then he's going to gamble taxpayers' money on risky corporate handouts. This is NOT a sovereign wealth fund. It's a debt-fuelled corporate slush fund.

The government is more than $1 trillion in debt. Carney is going to borrow another $25 billion. Then he's going to gamble taxpayers' money on risky corporate handouts. This is NOT a sovereign wealth fund. It's a debt-fuelled corporate slush fund.

Franco Terrazzano

10,785 görüntüleme • 3 ay önce

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

121,773 görüntüleme • 2 ay önce