John Ivison: Carney shifts to damage control on his condo developer bailout (opens original article in a new tab)

Prime Minister Mark Carney shifted to damage control regarding the condo developer bailout, downplaying federal involvement and facing criticism over the policy's potential to create moral hazard and crony capitalism.

• Prime Minister Mark Carney downplayed federal involvement in the condo developer bailout, stating it was initiated by British Columbia and limiting federal funding to 10%.
• Carney faced criticism for the policy, with opposition leader Pierre Poilievre calling it a transfer of wealth from taxpayers to developers.
• The article questions the effectiveness of the policy, suggesting it may not address housing market issues and could create moral hazard.