Critics blast B.C., federal government condo ‘bailout’ (opens original article in a new tab)

British Columbia and federal governments face criticism for a plan to purchase empty condos in Metro Vancouver for affordable housing, with critics calling it a developer bailout and taxpayers bearing costs.

• British Columbia expands Speculation and Vacancy Tax to six new municipalities
• Federal and provincial governments plan to buy empty Metro Vancouver condos for affordable housing
• Critics argue the plan is a bailout for developers and shifts costs to taxpayers
• Government announces $5 billion infrastructure spending and other measures to boost housing supply