Poilievre asks Parliament to probe B.C. ‘condo bailout’ blocking ‘a price correction’
Poilievre says the plan could finance 2,200 vacant condos and argues it would prop up prices instead of fixing the market.
- Conservative Leader Pierre Poilievre called on Parliament on Thursday to launch a probe into Ottawa's proposal to convert 2,200 unsold British Columbia condominiums into affordable housing units.
- In a letter to the House ethics committee, Poilievre labeled the government's financing program a "condo bailout," alleging it primarily benefits developers, bankers, and investors rather than struggling homebuyers.
- Poilievre argued the plan "prevents a price correction from taking place," claiming the government artificially props up high prices for units that failed to meet demand.
- Housing Minister Gregor Robertson's office offered no immediate response to the letter, which was directed to the committee's Conservative chair despite the panel's majority Liberal membership.
- Prime Minister Mark Carney defended the initiative as supporting Canadians struggling with down payments, acknowledging his government failed to clearly explain the program during its June 19 announcement.
48 Articles
48 Articles
The Conservative leader wants Parliament to check whether the plan unduly favours certain actors in the real estate sector to the detriment of buyers.
Poilievre asks Parliament to probe B.C. 'condo bailout,' says it prevents 'a price correction'
In a letter to the House ethics committee, Poilievre says a program to possibly help finance the purchase of 2,200 vacant condos amounts to a "condo bailout" for developers, bankers and investors.
The Toronto Star
Poilievre asks Parliament to probe B.C. ‘condo bailout’ blocking ‘a price correction’
OTTAWA - Conservative Leader Pierre Poilievre is calling on Parliament to probe Ottawa's proposal to convert unsold condominium units in British Columbia into affordable housing.
Winnipeg Free Press
Poilievre asks Parliament to probe B.C. 'condo bailout' blocking 'a price correction'
OTTAWA - Conservative Leader Pierre Poilievre is calling on Parliament to probe Ottawa's proposal to convert unsold condominium units in British Columbia into affordable housing.
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