FIRST READING: Canada intervenes (again) to stop housing prices going down (opens original article in a new tab)

Canada intervenes to prevent housing prices from dropping by purchasing unsold Vancouver condos and converting them into rental housing, drawing criticism as a developer bailout.

• Canada intervenes to prevent housing prices from dropping by buying unsold condos in Vancouver
• The government plans to convert 2,200 vacant condos into rental housing
• Critics call the move a 'bailout' for condo developers