Carney government will buy vacant condos:
"...developers are stuck. They don't want to sell at a loss. They can't afford to hold those empty units indefinitely."
Why should Canadian taxpayers bail out developers who made bad business decisions?
Canada simultaneously has a housing shortage of 3.5 million homes
AND
a glut of unsold condos that the government just spent $3.2 billion dollars bailing out.
This is how you know the economy is broken.
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 🤦♂️
Wow.
Carney announces a taxpayer funded bailout for wealthy condo developers who do not want to sell at a loss.
These are his own words.
He’s not even hiding it anymore.
Carney Government Loses It's Mind & Just Saves Condo Developers In BC: Unfuckinglievable
Unlike Carney's deal with Ontario which was a HST Sales Tax reduction scheme in BC they just went whole hog & BOUGHT New Construction Condos the Developers can't sell
Which is NUTS
2/
@coreyhoganyyc Liberals have been in power for 10+ years. The state of the country is a direct reflection of your shit policies.. enough with the bullshit, Corey
@SeanFraserMP With urgency?!? Your party has been in power for 10 years!!!! Let’s not act that the current state of the country is not the liberals fault. Useless, incompetent fucks
COMPLETELY OBLITERATED
Pierre Poilievre today in the House of Commons Obliterated ALL the Liberals.
Every single talking point dismantled and destroyed
This was a master class of obliteration
@LauraBabcock Those natives need to worry about the shit holes they live in first and their own people. They can vote like everyone else if they disagree.
@liberal_party You created the problem.
Conservatives forced you to fix it.
So now you sorta fix the problem, but not really.
And you want us to thank you?
Insane.
@TorontoStar Explain exactly how Canada supposed to attract any entrepreneurs when there is ABSOLUTELY ZERO incentives. And all our immigration is low class mediocre labor, and our country is going towards some queer socialist tyrannical dystopia. Would be the LAST place to start a venture.