Why Canadians shouldn't bail out B.C. condo developers who made risky bets

Rudyard Griffiths and Sean Speer discuss the federal and B.C. provincial governments' plan to purchase thousands of unsold condos in Vancouver. They question whether taxpayers could end up overpaying to support developers who made risky investments and argue that the policy may prevent market corrections that could improve housing affordability. They also contend that the bailout could reduce opportunities for prospective buyers and explore whether politicians are willing to allow housing prices to fall naturally.The Hub is Canada’s fastest growing independent digital news outlet.Subscribe to The Hub's podcast feed to get our best content when you are on the go:https://tinyurl.com/3a7zpd7e (Apple)https://tinyurl.com/y8akmfn7 (Spotify)Follow The Hub on X: https://x.com/thehubcanada?lang=enCREDITS:Amal Attar-Guzman - Producer and EditorRudyard Griffiths and Sean Speer- HostsDarryl Dyck/The Canadian Press - Photo Credit Hosted on Acast. See acast.com/privacy for more information.