Carney Admits Housing Program Mess

Prime Minister Mark Carney admitted his government botched the rollout of a bold new housing program designed to buy unsold condos in B.C. and convert them into affordable rent-to-own units for first-time buyers. Worth $1.45 billion total—with Ottawa contributing $145 million—the initiative targets “distressed” condos at a discount, aiming to tackle Vancouver’s glut of 4,000+ unsold units amid a market downturn. Carney took personal responsibility for the lack of clarity in the initial announcement, calling it a “condo bailout” and stressing the plan isn’t a developer handout—he says he wasn’t lobbied by them. This provincial-led effort could reshape housing access for thousands. 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/ddbaacc328feac1f