Poilievre demands probe into Carney’s ‘condo bailout’ amid ethics scrutiny

Poilievre accused Carney of transferring wealth from the “have-nots to the have-yachts” with his condo bailout scheme to “privatize the profit and socialize the losses.”

X (Pierre Poilievre)

Prime Minister Mark Carney’s condo subsidy is under fire as Conservatives demand a parliamentary probe into Ottawa’s plan to buy up unsold B.C. units.

In a letter to the House ethics committee, Conservative Leader Pierre Poilievre called the multibillion-dollar proposal to help finance 2,200 vacant condos a “condo bailout” for developers, banks and investors.

The criticism follows concern over Carney’s blind trust.

Pierre Poilievre@PierrePoilievre

BREAKING: I’ve written to the Ethics Committee Chair calling for an urgent investigation into Carney’s condo bailout. Who lobbied to force people who can’t afford groceries to bail out billionaire Liberal donors and powerbrokers? We are fighting to stop the Liberal Club from

3:01 PM · Jun 28, 2026 · 374K Views

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“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 make Vancouver homes cheaper while cutting existing homeowners’ home values.