You know how cherries can sometimes drop to $1.99/lb during the summer? Now imagine that Ottawa used your tax dollars to buy up those otherwise cheap cherries at $4.99/lb, and claimed they were doing it in the service of "affordability." That's what Carney just did with Vancouver condos.
Protected B is 🇨🇦’s security level for documents that cause “serious harm” to gov if made public.
Interesting level for a regulator explaining inflated appraisals & weak home sales to banks, eh?
🇨🇦’s not bailing out a few developers. It’s bailing out the whole system. 🧵👇
🇨🇦: They said excess supply will bring prices down.
Now they’re giving a tax bill to your future grandkids to generate demand & protect builder profits.
They don’t just hate us. They think we’re stupid.
https://t.co/DGRJFPww2z