Poilievre asks Parliament to probe B.C. ‘condo bailout’ blocking ‘a price correction’


OTTAWA — Conservative Leader Pierre Poilievre is calling on Parliament to probe Ottawa’s proposal to convert unsold condominium units in British Columbia into affordable housing.

In a letter to the House ethics committee, Poilievre says a program to possibly help finance the purchase of 2,200 vacant condos amounts to a “condo bailout” for developers, bankers and investors.

Prime Minister Mark Carney says the idea is to support Canadians needing housing, but Poilievre says the Liberals are intervening in the market to help developers who built too many condos that didn’t fit demand.

Carney has said his government did not explain the program well when he announced it on June 19, saying it is part of the B.C. government’s plans to to help homebuyers struggling to save for a down payment.

Poilievre says the proposal will instead prop up high prices as it “prevents a price correction from taking place,” and he argues there are inconsistencies in how the project came about.

Housing Minister Gregor Robertson’s office did not have an immediate comment on the letter, which was sent to the Conservative who chairs the committee, which has a majority Liberal membership.

This report by The Canadian Press was first published June 28, 2026.

Dylan Robertson, The Canadian Press




Source link

  • Related Posts

    Canada sheds 68,000 jobs, unemployment rate up to 6.5% in September

    Statistics Canada said Friday the economy lost 68,000 positions in September, coming off a loss of 42,000 roles in August. Economists had expected a gain of 9,200 jobs in the…

    Continue reading
    📈 Conservatives, stand up – iPolitics

    Welcome to Economic Insights, your twice-weekly deep dive into the major projects and policy shifts shaping the Canadian economy. Stories we are following: – Bill C-39, the Building Canada Strong…

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Nobel Peace Prize goes to Navanethem Pillay for her efforts to promote peace and international law

    Nobel Peace Prize goes to Navanethem Pillay for her efforts to promote peace and international law

    Singapore Grand Prix: Mercedes F1 boss Toto Wolff’s anger at bias claims

    Singapore Grand Prix: Mercedes F1 boss Toto Wolff’s anger at bias claims

    Instinct was the buzziest AI agent around — can it survive Muse?

    Instinct was the buzziest AI agent around — can it survive Muse?

    Recover Launches RecoverOne Blends to Skip Overdyeing

    Recover Launches RecoverOne Blends to Skip Overdyeing

    Vancouver small business owners voice concerns as elections near

    Vancouver small business owners voice concerns as elections near

    These 2 Airlines Have The Only Airbus A380 Flights To Canada: See Routes Now

    These 2 Airlines Have The Only Airbus A380 Flights To Canada: See Routes Now