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Maple Chronicles 🇨🇦 Maple Chronicles 🇨🇦 @maplechronicles · 2.8K subscribers
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🇨🇦 Ottawa wants taxpayers to rescue 2,200 empty condos

After inflating housing with mass immigration, cheap credit, and anti-family urban planning, Ottawa now wants Canadians to underwrite 2,200 vacant B.C. condos so developers, bankers, and speculators do not have to eat their own bad bets. Pierre Poilievre is right to call it a bailout. Mark Carney pretends this is affordable housing policy, but as reported, the whole scheme blocks the one thing the political class fears most: an actual price correction.

This is Trudeau-era economics with a banker’s accent. Socialize losses, privatize gains, then wrap it in compassionate branding. Gregor Robertson and Carney are not fixing a housing market; they are preserving an asset bubble for the people who benefited from it while younger Canadians get debt, rent, and lectures. If condos were overpriced and unwanted, let the market clear. A sovereign country protects its citizens, not leveraged real estate interests and the Liberal machine that keeps feeding them.

🍁 Maple Chronicles
CBC Poilievre asks Parliament to probe B.C. 'condo bailout,' says it prevents 'a price correction' | CBC News In a letter to the House ethics committee, Poilievre says a program to possibly help finance the purchase of 2,200 vacant condos amounts to a "condo bailout" for developers, bankers and investors.
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