Mark Carney is bailing out developers and banks for their bad bets instead of letting condo prices fall to an affordable level.
Canadians didn't buy these condos, and they aren't buying Mark Carney's excuses for wasting your money bailing out his friends.
Stop the Carney Condo Bailout: https://t.co/rXBFM960Hm
This latest Liberal announcement to bail out billionaire condo developers in Vancouver with taxpayer money is crazy.
Buying up thousands of empty condos at above-market prices just to save developers from having to lower prices and sell at a loss.
This is crony capitalism at its worst.
It also doesn’t actually create any new housing units.
The condos were already built.
All it does is keep Vancouver’s real estate artificially inflated, instead of allowing prices to moderate as the market would otherwise demand.
It screws over young Canadians and those trying to enter the housing market while lining the pockets of those who’ve already made BILLIONS over the past few years.
But hey - it’s a great deal for all those Vancouver developers who threw fancy fundraisers for Carney and Trudeau!
ENOUGH. 🚨
Developers took the profits on the way up.
Now Mark Carney wants taxpayers to absorb the losses on the way down?
That's not a free market.
That's privatized profits and socialized losses.
If condos aren't selling, cut the price.
Don't send the bill to working Canadians.
‘Moral Hazard on Steroids': The Investor Who Called the Big Short Says Carney's Condo Bailout Is Worse Than 2008 Subprime Fiasco https://t.co/SPcLPm0UJI
Remember Carney secured a Bank of China bailout on Brookfield’s falling Shanghai real
estate portfolio in 2024. China’s condo bubble (shadow banking) popped and Vancouver’s offshore condo sale bubble popped alongside it. The ‘end buyer’ of these units in Burnaby and Richmond is who?
Dear generation screwed, if you were waiting for prices to drop before buying a house, the Liberal government is bailing out developers and bidding against you, so that you can be a renter instead.
I’m America First all the way but through my study of history I’ve really come to admire the British Empire and what it achieved over the course of centuries. It was undoubtedly a force for good in the world, and the men they sent out to colonize the planet were some of the most noble, brave, and manly to ever live. That’s why it pains me to see this once mighty nation brought to its knees by the barbarian hordes — an army of invaders who didn’t, and couldn’t, defeat them on the battlefield, but were rather let in the front door and given free rein to rape British daughters and slaughter British sons in the street. Very sad to see. What a tragic conclusion. And so totally preventable.
Hey @Sportsnet you fired @CoachsCornerDC for telling people to wear a Poppy on Remembrance Day. But you condone @Ron_MacLean joking about somebody being roofied.
God, I love that I don’t live in Canada anymore what a bunch of hypocrites.
This is so devastating. Imagine being a black parent tonight. How do you protect your children? If they go out and stab just one person, they might go to prison. It’s like a black man in America can’t even murder anyone anymore. Unimaginable. Jim Crow all over again. I’m furious.
🚨NEW: A newly elected Reform UK council in Merseyside has cancelled all refugee week events, and demanded any money already spent on it is returned back to the council
[@LivEchonews]