Carney Admits Housing Program Missteps

Prime Minister Mark Carney admits his government mismanaged the rollout of a $1.45 billion program to convert unsold BC condos into affordable rent-to-own homes, calling it a “condo bailout” critics have already branded. The federal share is $145 million, targeting distressed units to help buyers build equity over time — not developers. With Vancouver’s condo market crashing to its deepest correction since 2005 and over 4,000 units unsold, the plan aims to repurpose assets for real affordability, though communication gaps remain. 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/cec95a9777f7348f