@AlderLaneEggs Bob Rennie, the marketer the industry calls its “condo king,” is no newcomer to a Vancouver condo bailout. The city’s troubled Olympic Village — a bailout that put taxpayers on the hook for some $740 million before it landed in receivership on Robertson’s watch in 2010 — was relaunched for sale the following year under Robertson’s council, with Rennie brought in to market the unsold units. As this writer reported in The Province in 2014, Rennie went on to organize an exclusive $25,000-a-seat lunch giving developers private access to Robertson, an arrangement that drew outrage as a case study in how real-estate money fills a governing party’s coffers. A decade on, Rennie has, by his own on-record account, lobbied Carney on a plan to have the federal housing agency backstop foreign-investor condo purchases, ahead of Carney’s federal election win. He has also hosted Liberal fundraisers featuring Carney as guest — one last February, a month after the Prime Minister returned from Beijing and announced a new strategic partnership with China.
None of this is alleged corruption. It is documented proximity.
Pierre Poilievre put it more bluntly. Carney, he said, “seems to have a bailout for anyone who’s part of the Liberal club of power brokers, corporate insiders and lobbyists.” He is the opposition leader — but the logic is hard to dispel. Carney has been lobbied by, and has filled his fundraising coffers at events hosted by, Vancouver developers who prospered selling condos into offshore demand, whose most prominent figure has pressed him to keep that market open, even at prices far beyond what Canadians earn.
Now we are learning that’s it really @Dave_Eby pushing for the condo bailout. The province is covering 90% of the funds.
The guy who got elected villainizing the developers is now bailing them out. Ironic.
The Bureau has learned Canada’s government in fact does have police documents that identify serious corruption involving Chinese transnational crime in B.C. that should have been relevant to the Cullen Commission, according to a general description of a specific intelligence record from a federal source that asked not to be identified due to sensitivity of the matter.
The source specified this document from B.C.’s anti-illegal gaming unit (JIGIT) is dated April 16, 2019, and was provided for B.C.’s then Attorney General, David Eby.
The sensitive report is classified “Protected B” the federal source said. The classification means if some of JIGIT’s intelligence became public it could cause “serious injury to an individual, organization or government.”
The Bureau’s legal efforts to obtain a redacted version or some official response regarding this alleged April 2019 document from the RCMP and British Columbia’s government have so far been unsuccessful.
@AlderLaneEggs — https://t.co/tuzuemrC5l Canada in Crisis 3.0 The Eby Discussions
Don’t let the Prime Minister or the Premier gaslight you.
This is a bailout, by definition.
But maybe B.C. Premier David Eby will be true to form and walk this back? 🤞
My thoughts on CBC’s On the Coast:
It’s about setting a floor on condo prices sold to Chinese buyers and assisting party donors. Anyone that believes this will move affordability? Can you explain why the unsold supply in massively rezoned and built out Vancouver hasn’t made homes connect with Canadian incomes?
Below the cost of construction is still likely well above market value
Twisting themselves into a pretzel to rationalize their plan to overpay for new condos
So they can bailout builders
Mark Carney Brings Canada TOGETHER: Everyone Hates The Condo Bailout
The Prime Minister has united the Country
Everyone despises Bailing Out Condo Developers
More to come on this Steaming Communications Shitstorm
The Connection That Caused The Carney Condo Bailout? Was It Gregor Robertson?
Was it Gregor's idea to Bailout all the Developers he worked with & knew so well when he was the Mayor of Vancouver?
Because there was no similar Bailout in the GTA
Did Gregor prompt the Bailout?
@MarkJCarney is back in Vancouver to help the Condo Kings stay wealthy, insure money laundering flows freely and to keep working Canadians struggling whilst not being able to afford housing. Way to go!
The Carney Condo Bailout Fucktastrophe! I Won't Leave This One Alone: It's Just Too WRONG
To quote the Prime Minister: "Builders dont want to sell at a loss"
Doesn't mean the Canadian Taxpayer needs to make sure Developers get full price for their Garbage Units at crazy prices
Time For Mark Carney To Pull A Doug Ford: Apoligise & REVERSE The Condo Bailout
It's not hard Prime Minister: Just get in front of a microphone & say:
"My Friends, the People have spoken & we are canceling the Condo Purchases, we will still achieve Affordable Housing"
2/
@scoopercooper and I will be working on this.. At the Center of it is Bob Rennie "The Condo King" and CCP Puppet.. @christyclarkbc is somewhere near the Crime Scene as is @gregorrobertson who should be tried for Treason