Feds Buy Condos to Boost Affordability

The feds and B.C. are teaming up to buy 2,200 unsold condos for $3.2 billion, turning them into affordable housing — but critics call it a developer bailout, questioning the cost, pricing, and lack of transparency. With Vancouver’s condo market already in freefall and affordable housing groups facing funding cuts, many see this as a misstep that prioritizes developers over real solutions. Housing Minister Gregor Robertson insists it’s part of a broader supply strategy, promising more details — but without clear terms on discounts and rent affordability, skeptics fear this gamble could deepen public distrust. 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/56297a1d5c243e40