The $3.2B Condo Market Rescue Everyone is Talking About Pt. 1
About this episode
Nick and Dan discuss the recent plan unveiled by Ottawa and B.C. regarding vacant condos and the implications for taxpayers and the condo market.
Ottawa and B.C. just unveiled a plan touching 2,200+ vacant condos, and the headline says taxpayers are now the buyer of last resort. Nick and Dan break down what was actually announced, billions in infrastructure, development-charge cuts, and a condo-conversion plan whose financing details won't drop until fall, and ask the question that matters: is public money buying real value, or rescuing a condo sector that overbuilt for investors? Smart housing policy or a bailout in disguise? It comes down to who takes the loss. TORONTO MULTIPLEX EVENT Try it NordVPN risk-free now with a 30-day money-back guarantee! Use our code "realestate" to get 4 extras months from a 2 years plan Exchange-Traded Funds (ETFs) | BMO Global Asset Management LISTEN AD FREE See omnystudio.com/listener for privacy information.
People in this episode
Hosts: Nick Hill, Daniel Foch
Topics covered
- condo market
- public policy
- real estate investment
- infrastructure
- development charges
- housing policy
Keywords
- condo market
- public money
- housing policy
- infrastructure
- development charges
- bailout
- real estate
Sponsors
NordVPN
Mentioned in this episode
Organizations: Ottawa, B.C., BMO Global Asset Management
Products: NordVPN
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