Does it delight you to know that every taxpayer in Canada gets to fork over about 50 bucks so billionaire condo developers in Vancouver don't lose a dime?
I wonder if Bob Rennie is eating a tomahawk steak, with luxury butter and sipping some extremely expensive Bordeaux today?
For years, many of us questioned the push toward 450 and 500 square foot condos as the answer to British Columbia's housing crisis. We were told this was the future. We were told this was affordability. We were told this was what families and young people needed.
Now we're seeing the consequences.
Governments set aggressive housing targets, municipalities were pressured to approve projects, and developers rushed to build what the market was being told to build. But many of these tiny units were never what people actually wanted. Most British Columbians dream of owning a home where they can raise a family, not spending their lives squeezed into a 450 square foot box.
Today, projects are stalling, investors are walking away, and buyers who put down deposits in good faith are facing uncertainty and, in some cases, financial ruin. The people who played by the rules, worked hard, saved for a down payment, and bought into the dream of homeownership are being left hanging.
Instead of helping those buyers, government seems prepared to step in and acquire struggling developments for subsidized housing programs. Taxpayers could end up paying twice, once through policies that distorted the market and again through government intervention to clean up the mess.
The real tragedy is that entire neighbourhoods are being reshaped by a housing strategy that appears to have been built around meeting targets rather than building communities. Housing policy should be focused on creating places where people can build stable lives, not simply checking boxes on a spreadsheet.
British Columbians deserve better than a government-created housing bubble followed by government-funded bailouts. We need housing that works for families, supports homeownership, and reflects what people actually want to live in.
This housing crisis didn't happen by accident. It is the result of years of poor planning, political decision-making, and a refusal to listen to the concerns many people were raising from the very beginning.
To the Canadians who voted for this party to stick it to the rich and wealthy, because the CPC is *obviously* (heavy sarcasm) all about the rich and wealthy: you reap what you sow.
This is, in fact, bananas.
Your tax dollars are bidding against you if you’re saving up for a down payment.
The Liberal government is in the market and you’re the actual competition.
Insane.
It’s an outrage that Carney thinks it acceptable to burden Canadians with developers’ losses so friends of @gregorrobertson can stay rich.
Is there a kickback Gregor? 🤔
Why is our government overpaying for Vancouver condos so Carney’s builder friends can avoid selling for a loss
When thousands of average Canadians have to sell their homes for a loss today
Because this government prioritizes Bay Street profits over Canadian households
When families can't afford a home, the NDP says "too bad."
When developers can't sell a condo, the NDP says "here's $3.2 billion."
That tells you everything you need to know about their priorities.
The “condo king”, organized a $25,000 per plate lunch, with Greg Robertson, who is now the Liberal Minister of Housing
The same “condo king” that benefits from the $3.2 billion bailout Carney just gave to wealthy condo developers
It’s all right there bro
HT: @scoopercooper
Carneys $2.5B condo bailout should enrage everyone.
Tax payers footing the bill into developers pockets who made more money than god for many years. Now their risk fails and tax payers foot the bill.
Shame on you @MarkJCarney
🇨🇦 Developers took the profits when prices rose. 📈
Taxpayers take the losses when they can’t sell. 📉
This isn’t a housing policy.
It’s a private equity bailout with a Liberal logo on it.
We’ve been cooked for a while.
Most Canadians are just smelling it now.
#CdnPoli #Carney #Housing #Canada
There are citizens in my riding who are unable to afford their mortgage renewal. The only options for them are to sell at a loss or face foreclosure & a court ordered sale. This is why court ordered sales are on the rise in BC. There are no bailouts for them but they will be paying for Carney's bailouts for corporate developers in Vancouver.
So if you are a family that can’t afford your mortgage because of a job loss, you are forced to sell at the current market price
But if you are a developer that built product that no one wanted, you get a taxpayer funded bailout
The stupidity is amazing 🤦♂️
Had the NDP not cancelled the tunnel replacement in 2017, the 10 lane bridge would have opened in fall 2022.
Now the government is broke. The tunnel replacement is still in limbo and now the NDP have fired the contractor.
This isn’t leadership. It’s pure incompetence.
https://t.co/0gE7XN9QRG
Delta families and commuters have every right to be fed up. After more than four hundred and fifty million dollars of taxpayers’ money have already been spent, along with years of delay, the NDP government has terminated the Massey Tunnel replacement contract. Yet they claim that restarting the work through multiple separate contracts will neither cost more nor take any longer. This defies common sense.
This is the same NDP that routinely sends major contracts overseas, including a billion-dollar BC Ferries deal, rather than supporting the skilled local workers and businesses here in British Columbia. Hard-working families deserve far better stewardship of their tax dollars.
I fully support Delta Councillor Dylan Kruger’s call for a full independent investigation into this spending and these repeated delays. Transparency and accountability must be restored.
British Columbians deserve a government that delivers critical infrastructure efficiently, on time, and on budget while respecting every dollar and creating good local jobs. When we form the next government, that is exactly what we will do. Together, we will end the waste, restore competence, and build the safe, prosperous British Columbia our families and communities need.
While the NDP continues to insist that everything is fine in British Columbia, British Columbians know the truth. Our province is facing serious challenges created by their failed policies: record deficits and debt after John Horgan left a surplus, crumbling infrastructure, hospital closures, emergency rooms turning people away, and out-of-control crime including extortion rackets that have left bullet holes in businesses. Property rights are under threat, law-abiding gun owners are targeted while smuggled criminal guns flood our streets, and families struggle under a bloated bureaucracy and soaring cost of living.
This is not fine. It is the result of years of incompetence, ideological overreach, and a government that puts politics ahead of people.
To every British Columbian who wants better, I say this clearly: everyone is welcome in our movement. Whether you have voted Conservative, Liberal, or even NDP in the past, if you believe in safer communities, secure property rights, lower taxes, economic prosperity, and a government that serves the people rather than controls them, there is a place for you here.
This is a broad principled Conservative Party focused on results, not purity tests. I am committed to unifying our party and our province, drawing on my experience as a former federal Cabinet Minister who helped deliver lower taxes, reduced red tape, and returned to surplus. Together, we will defend freedom, unleash our resource economy, build a strong Western alliance, and restore hope and opportunity for every family.
British Columbians deserve a government that works for them. I am ready to deliver that change.
Join me. Let's build a better British Columbia for all of us.
I can picture the Eby government headline already…
“Eby and the NDP blame contractors, Trump, and separatists for yet another delay of the most critical infrastructure project in the lower mainland-says cost overruns and time/money wasted to this point are the result of global instability”.
Just Wait…
#bcpoli