The Globe and Mail: Nearly 4,000 newly built condos are sitting empty in the Vancouver region, according to data from Zonda Urban, as investors shy away from buying real estate that has become increasingly unprofitable.
…The governments have not defined what they consider to be affordable nor have they said which areas of B.C. they will target…
Critics blast B.C., federal government condo ‘bailout’
Why local governments aren’t cheering on the provincial and federal ‘bailout’ of the housing sector
FIRST READING: Canada intervenes (again) to stop housing prices going down