Buying the unsold condo inventory: a good idea, with a very big ‘if’
Reducing unsold inventory while expanding affordable housing is an idea with genuine promise. The nagging question is whether the government can execute it in the public interest.
VANCOUVER—The Carney government’s plan to acquire thousands of unsold condominiums and repurpose them has real potential. It could add units to the affordable housing stock at a substantial discount while helping accelerate the recovery of new construction. But success d...
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