John Ivison: Carney’s condo developer bailout is a hazardous look (opens original article in a new tab)

Prime Minister Mark Carney's plan to buy unsold condos in Vancouver faces criticism as a potential bailout for developers, with concerns over taxpayer funding and economic principles.

• Prime Minister Mark Carney announced a plan to buy and convert 2,500 unsold condos in Vancouver to address the housing crisis.
• The federal and provincial governments will invest $3.2 billion over 10 years in community infrastructure as part of the housing strategy.
• Opposition leaders criticize the plan as a bailout for developers, arguing taxpayers will bear the financial burden instead of the developers who took risks.