Please explain this @gregorrobertson: how will the government "acquire units in bulk, at a discount to market value"? The market price is whatever someone is willing to pay, so:
(1) if the units aren't selling on the open market, that means they are priced above the market price, and
(2) if the developers sell to the government "below market value", why don't they just sell to individuals directly at the "below market value"?
You claim that "prices and sales are already both low" -- if the prices are "low", then why aren't people buying the condos?
The only logical explanation is that you are bailing out B.C. developers and incorrectly attempting to use free-market words to sell a failing socialistic housing strategy.
If you're qualified to be the federal housing minister, I'm open to hearing the specifics and financial rationale of your plan, and how it is fair and equitable for Canadian taxpayers.
#CanadaTax #CanadaHousing #cdnpoli #Taxpayers
Mark Carney’s bailout of Vancouver real estate tycoons is a story that will reverberate for years. Watch this space for an angle that many have missed. #vanRE#cdnpoli
Granular knowledge of how the Vancouver Condo Kings are the major supporters of people like Gregor Robertson, Justin Trudeau and Mark Carney was my past reporting beat. I’m not going back to it, other reporters need to pick that up. Read JWR’s chapter about meeting Trudeau in his friend’s pent house to understand who Carney is bailing out. I can say the Chinese money behind all these Liberals makes the story so much worse than a Liberal bail out of slick developers. This is scandalous and nationally ruinous.
“Every investor in BC faces grave risk."
🚨 A multi-million dollar lawsuit has been launched against the BC Government after, without warning or compensation, it stripped a company of its mining rights in order to settle a separate legal dispute with a First Nation.
Shockingly, the government had actually *asked* the company to take on the mining project in the first place. Then, it negotiated away the company’s property rights in a backroom deal without involving or even telling them.
The NDP’s radical “reconciliation” agenda is a disaster for BC. Every minute they sit in government means more decisions like these get made.
And British Columbians pay for it: in lawsuits, in lost opportunities and in lost revenues as investment flees. We can’t get the NDP out of government soon enough.
https://t.co/EWRDp9Z17Q
@cynthiapace1@DailyHiveVan How much do you think an 8 lane underwater tunnel crossing in a seismic region should cost? A bridge could have been built years ago for a fraction of the cost. The NDP will move forward with this boondoggle and it will cost 10b+
@BobDEithKC Shut up pussy, look at the cuts the NDP has made to the public service because they bankrupted the province. Not to mention strikes from every direction.
Let me be clear for you:
NO ECONOMY = NO MONEY = NO SERVICES
@CityHallWchVAN These are the same idiots who complain they can’t afford to buy or even rent in Vancouver.
The building code and natural gas ban makes housing more expensive, plain and simple.
Today, I was asked to leave the chamber after calling out the Premier for remarks I believe were false and misleading regarding my record and the record of members of our caucus on LNG development in Northern B.C.
For years, the Premier has attempted to claim that we do not support projects like LNG Canada, while at the same time trying to take credit for a project he actively opposed while in opposition. The people of the North remember who stood alongside our workers, local governments, Indigenous partners, and communities to fight for these opportunities when it mattered most.
I am proud of my record. As a Kitimat city councillor, I worked hard alongside many others to help get Phase 1 of LNG Canada to final investment decision. That project has created jobs, opportunity, and long-term economic benefits for our region and for British Columbia. The credit belongs to the many people who put in the hard work over many years to make it happen.
I will not sit quietly while the history of that work is rewritten for political convenience.
When the people of Skeena elected me, I promised to be a loud, strong, and unapologetic voice for our communities. That means standing up for our workers, our industries, and the truth, even when it is uncomfortable.
I will continue to do exactly that every single day, unapologetically.