The Government’s New Housing Bailout Has Everyone Angry

Canada's housing market is entering one of the most unusual periods in its modern history. Governments are stepping in to absorb thousands of unsold condominiums, developers continue to face mounting insolvencies, population growth has reversed for the first time in generations, and yet housing activity is quietly showing signs of stabilization. At the center of the debate is a controversial new condo conversion initiative announced by the federal and British Columbia governments. The progr...