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

Vancouver MP Hedy Fry defends a $3.2B Liberal subsidy to buy unsold condos in Vancouver, arguing it's needed to create affordable housing amid high prices, while critics call it a bailout for developers.

• Vancouver MP Hedy Fry defends $3.2B Liberal condo subsidy as necessary for affordable housing
• Prime Minister Mark Carney announced federal and B.C. governments would buy 2,200 unsold condos to resell as affordable housing
• Critics call subsidy a 'bailout' for developers, while Fry argues it's needed 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