Carney admits he did poor job rolling out $1.45 billion B.C. program panned as ‘condo bailout’ (opens original article in a new tab)

Prime Minister Mark Carney acknowledged poor communication and execution of a $1.45 billion program to acquire unsold B.C. condos for affordable housing, facing criticism as a 'condo bailout'.

• Prime Minister Mark Carney admitted the government did a poor job explaining the $1.45 billion B.C. condo acquisition program.
• The program aims to convert 2,200 unsold condos into affordable housing by buying them at a discount.
• Critics called the program a 'condo bailout' and raised concerns about its financial structure and developer benefits.