Premier Eby’s Condo Buyout Plan | Calgary News

Calgary News Today | 2 Min News | The Daily News Now! · Jul 3, 2026 · 1m

Premier Eby unveils a bold plan to snap up unsold condos across the province—over 2,000 units—to rapidly convert them into affordable rentals or rent-to-buy homes, seizing market distress to meet urgent housing needs. Tied to a massive $5 billion federal infrastructure deal, the initiative faces criticism as a developer bailout—but Eby counters it’s not a handout, since developers didn’t request it and see it as a strategic buy. The plan is strictly conditional: only if prices align with affordable housing goals, and not in high-cost markets like Vancouver. This isn’t charity—it’s calculated…