Latest / The Canadian Real Estate Investor
The $3.2B Condo Market Rescue Everyone is Talking About Pt. 2
Thousands of completed condos sit empty in a housing crisis, and now governments in Ontario and B.C. are using public money to fix it. Nick and Dan break down the Ontario "template", a government-backed buyer for unsold units, GST/HST relief up to $130K per home, and development-charge cuts, and ask whether it's smart housing policy or a bailout for developers who bet wrong.
They tackle the hard questions: Why does all this inventory exist? When does policy cross into rescuing private balance sheets? And why should a taxpayer in Halifax fund the cleanup of markets that leaned hardest into…
The skinny
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