Op-Ed: Ottawa and Victoria want the public to absorb Vancouver's unsold condos. Evidence suggests that unsold inventory was never built on local incomes.
The usual Vancouver, build them and they will come, has failed and now the taxpayers, who can not afford these condos, must bailout the very people who made housing in Vancouver unattainable for the citisen's of that city. Most live far out of the city spending hours to get to work via bad planning on roadways and highways. The Developers should have to lose money just as do the citisens attempting to sell their condos. Enough of the elite bailouts and saving the billionaire class. All they have done is profit, while making the housing unaffordable for the citisens who live and work there.
The Liberals are afraid to let the mask come off as our economy is starting to show its true colours , let the companies take the hit. Almost everything Carney does , is a net negative for the average Canadian. More debt , and more unaffordable housing. What would put the cherry on top is if Brookfield is somehow involved 🫠
Bail out the scumbag developers CSP they can go out and build more condos that no one can afford. Turn the empty condos into "affordable" housing with marble floors granite countertops and teak wood. Maybe put a bunch of fake refigees and immigrants into them instead of letting the free market determine the price. Seems like a reasonable plan.
If several of my family members are examples, they are sadly a smug and stubbornly ignorant electorate, who see themselves as superior to those of us who recognize the lie.
It is such a sadly divisive time in this way. Your words 'smug', 'stubborn', and 'superior' resonate with what I have met in discussions in church and academic settings.
"The answer to a market distorted by money no one will trace back to China, is not to make the public the buyer of last resort. It is to let the price fall to what the people who actually live in Canada, can pay." Nailed it. 100%
All these details support what I had generally thought: Carney is relying on the ignorance of his electorate to sell themselves to the People's Republic of China.
If you have ever bought a home/condo in vancouver you knew this was going on but real-estate agents & gvts where gaslighting cdns by saying no no its not foreign buyers....you must be racist. Condos now called dog-crate condos, built for $1mill plus do not house a family but they are perfect hotel rooms for the foreigner. 10 years ago you couldn't get a chinese realtor to call you back if you weren't chinese, clearly profiling. Gvts got GREEDY, ever increasing permit costs, more real-estate taxes based on price and the allure of a thriving city. Welcome to Canada a real potemkin village.
Oh wow, this one's a gem of info! Thank you so much Sam for knowing and sharing the facts to fill in what my gut was telling me! Canada and Canadians have become a commodity on the globalist market.
The usual Vancouver, build them and they will come, has failed and now the taxpayers, who can not afford these condos, must bailout the very people who made housing in Vancouver unattainable for the citisen's of that city. Most live far out of the city spending hours to get to work via bad planning on roadways and highways. The Developers should have to lose money just as do the citisens attempting to sell their condos. Enough of the elite bailouts and saving the billionaire class. All they have done is profit, while making the housing unaffordable for the citisens who live and work there.
Well said Sam ,
The Liberals are afraid to let the mask come off as our economy is starting to show its true colours , let the companies take the hit. Almost everything Carney does , is a net negative for the average Canadian. More debt , and more unaffordable housing. What would put the cherry on top is if Brookfield is somehow involved 🫠
Somehow?? 🤨
Bail out the scumbag developers CSP they can go out and build more condos that no one can afford. Turn the empty condos into "affordable" housing with marble floors granite countertops and teak wood. Maybe put a bunch of fake refigees and immigrants into them instead of letting the free market determine the price. Seems like a reasonable plan.
Mark Carney;
Harvard graduate
Major - Nepotism 101
Add, narcissism and sociopathy to the list.
All these details support what I had realized: Carney is relying on an uninformed electorate to sell themselves to the People's Republic of China.
If several of my family members are examples, they are sadly a smug and stubbornly ignorant electorate, who see themselves as superior to those of us who recognize the lie.
It is such a sadly divisive time in this way. Your words 'smug', 'stubborn', and 'superior' resonate with what I have met in discussions in church and academic settings.
It really is sad. Maybe we would be better off getting angry....
Let the developers eat losses. Normalize housing prices.
Mark Carney, master economist and financier, just a fool.
"The answer to a market distorted by money no one will trace back to China, is not to make the public the buyer of last resort. It is to let the price fall to what the people who actually live in Canada, can pay." Nailed it. 100%
So thankful you and Marc Cohodes are on this. No words yet again to describe my outrage.
Diabolical criminals, the bunch of them
All these details support what I had generally thought: Carney is relying on the ignorance of his electorate to sell themselves to the People's Republic of China.
What's needed is a wall of shame to keep track of all the many players
Check this out. Takes a while to load, but the connections are there!
Public Moose on the Loose - Miro
https://miro.com/app/board/uXjVIgUjvog=/
Brookfield has their fingers in their...count on it. Chinese money and Brookfield interests...Carney is on it.
Why can't they just let the developers go bust? Clearly they don't know the market and that is what is called "just business".
If you have ever bought a home/condo in vancouver you knew this was going on but real-estate agents & gvts where gaslighting cdns by saying no no its not foreign buyers....you must be racist. Condos now called dog-crate condos, built for $1mill plus do not house a family but they are perfect hotel rooms for the foreigner. 10 years ago you couldn't get a chinese realtor to call you back if you weren't chinese, clearly profiling. Gvts got GREEDY, ever increasing permit costs, more real-estate taxes based on price and the allure of a thriving city. Welcome to Canada a real potemkin village.
Oh wow, this one's a gem of info! Thank you so much Sam for knowing and sharing the facts to fill in what my gut was telling me! Canada and Canadians have become a commodity on the globalist market.
Consequences drive change. No consequences; no change. Would Carney do this deal if he was personally footing the bill?