Vancouver MP defends $3.2B Liberal condo subsidy (opens original article in a new tab)

Vancouver MP Dr. Hedy Fry defends a $3.2B government subsidy to purchase unsold condos in Vancouver, aiming to create affordable housing, while critics call it a developer bailout.

• Vancouver MP Dr. Hedy Fry defends $3.2B federal and B.C. government subsidy to buy unsold condos in Vancouver area
• The subsidy aims to resell 2,200 condos as affordable housing to unfreeze the stalled condo market
• Critics call the subsidy a 'bailout' for developers, while Fry argues it's necessary due to Vancouver's unaffordable housing market
• Fry dismisses concerns about Housing Minister Gregor Robertson's ties to developers, stating mayors routinely work with them