Three Billion for Empty Condos

The federal and B.C. governments are pouring $3.2 billion into buying 2,200 empty condos in Metro Vancouver to convert them into affordable housing, sparking fierce debate. Critics call it a developer bailout, but MP Hedy Fry defends it as essential—Vancouver’s prices don’t fall, and vacant units are a waste. She dismisses the criticism as political spin, noting the sum is small compared to the city’s real estate market. Meanwhile, some Liberals are uneasy, with one MP revealing angry constituents questioning why taxpayer money goes to developers instead of direct aid. The controversy is heating up ahead of a North Vancouver byelection, where the Liberal candidate’s ties to a former mayor add political intrigue. 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/47ae5dcaccec3cc1