C & C #3 - The Condo Bailout Blunder

ritish Columbia just hit a record pile of unsold condos. The government's big idea? Buy them — with your money. Welcome to the condo bailout.Episode 3 of ICBA Coffee & Construction: the news that matters to the people who build British Columbia and Alberta. The condo buyback, a premier racing home from China for a federal deal, and the construction-jobs number nobody wants to see.I'm Jordan Bateman, VP of Communications & Advocacy at ICBA. New episodes Mondays, Wednesdays, and Fridays.**Chapters**00:00 — Cold open00:25 — The condo bailout03:30 — Eby cuts his China trip short for a deal with Ottawa06:00 — The construction-jobs number nobody wants to see07:45 — Kicker: oil drops, a break on your costs**Stories & sources**• The condo buyback — critics, numbers, and the market context — https://dailyhive.com/vancouver/canada-bc-partnership-condo-conversion-metro-vancouver-supply-criticism• Eby cuts China trip short for a B.C.–Ottawa major-projects MOU — https://www.ctvnews.ca/vancouver/article/bc-close-to-mou-with-ottawa-that-may-include-massey-tunnel-replacement-funding/• Ottawa nearing a major-projects deal with B.C. — https://www.theglobeandmail.com/politics/article-ottawa-nearing-major-projects-deal-with-bc-as-alberta-closes-in-on/• ICBA Economics — Construction Cools as Job Vacancies Crater — https://icba.ca/economics-blog/icba-econobot-construction-cools-as-job-vacancies-crater📩 Subscribe to ICBA Economics — the most helpful email you'll get all week: https://icba.ca/economics▶️ Subscribe on YouTube and your favourite podcast platform so you don't miss an episode.If this was useful, send it to one person who builds for a living.#ICBA #construction #BCpoli #housing #affordability #resourceeconomy