Poilievre demands probe into “condo bailout” as Carney faces ethics scrutiny
Poilievre accused Carney of wanting to “privatize the profit and socialize the losses,” calling the condo proposal a “transfer of wealth” from the “have-nots to the have-yachts.”
Conservative Leader Pierre Poilievre wants Parliament to investigate Ottawa’s plan to turn unsold B.C. condos into affordable housing, amid concerns involving Mark Carney’s blind trust.
In a letter to the House ethics committee, Poilievre called the multibillion-dollar proposal to help finance 2,200 vacant condos a “condo bailout” for developers, banks and investors.
“Far from making housing more affordable, the bailout prevents a price correction from taking place, preserving high prices for developers rather than lowering them for buyers,” Poilievre wrote. “Taxpayers are being forced to intervene before developers lower prices.”
A price correction would lower inflated housing prices to market levels, making Vancouver homes cheaper but reducing existing homeowners’ property values.
