BC Premier’s Condo Buyout Plan

British Columbia’s Premier David Eby unveils a bold plan to buy 2,200 empty condos across the province—mostly outside Vancouver—to offer through a rent-to-buy program, targeting affordability without bailing out developers. He argues the Vancouver market will self-correct, while opportunities lie in underserved regions like the Okanagan and Vancouver Island. The government secures deals via bulk purchases or bankrupt buildings—something private buyers can’t access—and expects developers to take losses, not profits. Mortgages will be public assets, keeping taxpayer costs neutral. Eby contrasts this with GST cuts on new homes, which he calls a developer handout, and notes industry groups are pushing for that instead—something he sees as undermining the program’s intent. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6d9e0466ce103bbb