Tag: metro vancouver
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Canada’s Plan To Buy Unsold Condos Is Sparking Debate Over A Potential Developer Bailout

The federal government’s plan to purchase thousands of unsold condominiums in British Columbia is generating both support and criticism as Canada’s housing slowdown continues. Prime Minister Mark Carney recently announced a partnership with the Government of British Columbia to convert more than 2,200 vacant condominium units into affordable housing. Supporters say the plan could quickly…