Carney releases plan to funnel money into his buddies pockets with the new "Build Canada Homes" entity

[CdnFox]

Liberals release first details for new Build Canada Homes entity - iPolitics

So the liberals will form a new entity (crown corp or something else) to borrow money and spend it on loans to developers and the like. 

This will include, hold on to your hats, 

The BCH would also provide $25 billion in debt financing and $1 billion in equity financing to prefabricated home builders, with the Liberals saying the housing type can reduce construction times by up to 50 per cent and lower costs by up to 20 per cent. 

Guess who owns big shares in a company that does that. His name starts with C  

But the egregious part of this is that they're going to set it up as a separate entity for the express purpose of keeping the debt away from the government books. A lot of this money is going to go to consultants that carney knows, companies that carney wants to succeed, and it's going to borrow a lot of debt. But all of the debt is going to stay off of the government's books so if it borrows the 30 billion or so it's talking about that won't show up on the government's deficit. It also won't be subject to the same scrutiny so carney can funnel this money into friendly hands without having to worry nearly as much as he would government money of which he's already spending an extra $25 billion on consultants

When all this gets set up, developers still won't build enough homes. Carney has failed to identify the primary obstacles. So we're not going to hit the $500,000 he says we're going to hit and we're going to be stuck with this massive debt laden beast around our necks. 

Pack your bags boys, we're getting taken for a ride.

[Moonlight Graham]

The Liberal goal says they want 500k new homes built per year, which is about double the historical average if i'm not mistaken.

Not only is this very unlikely to happen, but if it does it's going to contribute to the current speculation bubble on housing.  What needs to be done is to tame speculative buying for people buying investment properties just for profit in order to increase supply of homes for people who actually want to live inside them.  But the baby boomers voted these Liberals back in, so they aren't going to do anything about that.

You want to make money for retirement?  Go buy an ETF and some bonds like a normal person.

Once Canadian workers are completely tapped out on mortgages and can't afford to increase bids (thus no longer increasing home prices) these housing speculators are going to realize they aren't making much money any more, and then will start selling their investment properties, and once that happens the housing market will collapse.  Either that, or many start defaulting on their high mortages and it collapses even harder like in the US.

Edited August 12, 2025 by Moonlight Graham

[LinkSoul60]

6 minutes ago, CdnFox said:

Liberals release first details for new Build Canada Homes entity - iPolitics

So the liberals will form a new entity (crown corp or something else) to borrow money and spend it on loans to developers and the like. 

This will include, hold on to your hats, 

The BCH would also provide $25 billion in debt financing and $1 billion in equity financing to prefabricated home builders, with the Liberals saying the housing type can reduce construction times by up to 50 per cent and lower costs by up to 20 per cent. 

Guess who owns big shares in a company that does that. His name starts with C  

But the egregious part of this is that they're going to set it up as a separate entity for the express purpose of keeping the debt away from the government books. A lot of this money is going to go to consultants that carney knows, companies that carney wants to succeed, and it's going to borrow a lot of debt. But all of the debt is going to stay off of the government's books so if it borrows the 30 billion or so it's talking about that won't show up on the government's deficit. It also won't be subject to the same scrutiny so carney can funnel this money into friendly hands without having to worry nearly as much as he would government money of which he's already spending an extra $25 billion on consultants

When all this gets set up, developers still won't build enough homes. Carney has failed to identify the primary obstacles. So we're not going to hit the $500,000 he says we're going to hit and we're going to be stuck with this massive debt laden beast around our necks. 

Pack your bags boys, we're getting taken for a ride.

Your idiocy is truly monumental, seriously!

Carney owns shares in BN...what exactly does that have to do with anything?   You do nothing but continue to embarrass yourself with each of your partisan comments....  Did you even read this?  If you did why are you saying it's egregious because it's a 'separate entity' when it's not clear how it will operate?

As usual you thoroughly embarrass your pathetic partisan *ss with comments of all Carney's friends and companies he's invested in will be the beneficiaries.  You're a pathetic partisan hack.

Try reading the story you posted fool!

[herbie]

In what part of your rant do you identify "his buddies" who are getting their pockets filled?
You didn't, you can't so once again you succumb to posting anything whatsoever that could possibly belittle Carney and the Liberals.
Is it because you think we're stupid enough to believe developers, builders, financiers and business people aren't mostly Tories?
The THREE that aren't will get all the money?

 

[CdnFox]

53 minutes ago, LinkSoul60 said:

Your idiocy is truly monumental, seriously!

Yes yes, you've pooped yourself again, got it. Yawn. 

Quote

Carney owns shares in BN...what exactly does that have to do with anything?

And they own a large international prefab home manufacturing arm that will be setting up in Canada .  All this was revealed during the eleciton. 
He owns shares in over 100 other companies too btw, 

 

 

Quote

You do nothing but continue to embarrass yourself with each of your partisan comments....  Did you even read this?  If you did why are you saying it's egregious because it's a 'separate entity' when it's not clear how it will operate?

Because it will be a separate entity.  That's the point.  It will not be part of the gov'ts books so he can rack up as much debt with it as he wants and not be accountable. It doesn't matter if it's set up one way or the other the result will be the same. It's an NGO. Separate books. 

It's an old trick , kaltheen wynne was fond of it. I forget how young you are sometimes.  

Quote

As usual you thoroughly embarrass your pathetic partisan *ss with comments of all Carney's friends and companies he's invested in will be the beneficiaries.  You're a pathetic partisan hack.

Kid ,  the only one embarrassing themselves here is you   You're the one who didn't get the point. You didn't realize what i meant by a separate org, no matter the structure, will have freedoms to funnel money where it wants AND to rack up debt that won't be accounted for in the gov't books.   

BUt i love how committed you were to your stupidity   If you're going to be wrong, be wrong with conviction!!! LOL

[CdnFox]

1 hour ago, Moonlight Graham said:

The Liberal goal says they want 500k new homes built per year, which is about double the historical average if i'm not mistaken.

Not only is this very unlikely to happen, but if it does it's going to contribute to the current speculation bubble on housing.  What needs to be done is to tame speculative buying for people buying investment properties just for profit in order to increase supply of homes for people who actually want to live inside them.  But the baby boomers voted these Liberals back in, so they aren't going to do anything about that.

You want to make money for retirement?  Go buy an ETF and some bonds like a normal person.

Once Canadian workers are completely tapped out on mortgages and can't afford to increase bids (thus no longer increasing home prices) these housing speculators are going to realize they aren't making much money any more, and then will start selling their investment properties, and once that happens the housing market will collapse.  Either that, or many start defaulting on their high mortages and it collapses even harder like in the US.

Speculative buying is the symptom not the problem.

If we had enough homes for our population then there would be no speculation. Prices wouldn't go up much faster than inflation. Speculation happens because we have a shortage, we don't have a shortage because of speculation.

The problem that we're running into is that Over the last decade and change funding rules and costs for permits have changed to the point where developers absolutely have to sell their properties before they are finished building. They cannot fund them otherwise and if they did and they didn't sell they go broke. So you need foreign money because not enough people in Canada can afford to buy the homes before they're built. 

Works because we weren't building enough homes, but that will go away the moment you are building enough homes

The government was on the right track because they are trying to address the problem by loaning developers money, but the problem is the amounts that they're talking about and the application process is just going to fail hard. The developers will still be on the hook and they are going to be reluctant to take the risk themselves so more homes will not be built, but select individuals will make insane amounts of money from this on specific projects and those will likely be friends of the government. It will get discount loans on houses they would have built anyway because the projects are very sweet. Specific projects obviously have higher potential than other ones but they are often not for the types of homes you need.

 

The correct answer by the way was to offer to buy any unsold home from developers building homes that you approve of because they're the ones that are needed or are in areas thar are needed.  That guarantees that the developers will be able to get a loan from the bank because they've got guaranteed presales. If they can't sell all the units the gov't buys the remainder at a reduced rate, so the developer doesn't lose money on those units. 

The government can then turn those units into affordable housing at a fraction of the cost of building new affordable housing units. And I mean a tiny fraction. And they still own the properties and can sell them later to recover their funds just like any investor. They won't make much money but they also won't lose much of the taxpayers money

And best of all they wouldn't have to actually put up any money for the next three years because the projects that start today won't finish until then

It would work to solve all of the problems simultaneously. Developers would build like mad with the confidence of having their place is sold at a set price, they would build exactly the types of homes the government wants, and if the market is down they will convert to rentals to solve our shortage of rental space, well the market going up allows the government to sell some of its product to keep the market prices in line by adding product to the market

There. I solved our housing crisis. How hard was that?

 

[LinkSoul60]

27 minutes ago, CdnFox said:

Yes yes, you've pooped yourself again, got it.

Again, you always revert to being a kid

29 minutes ago, CdnFox said:

And they own a large international prefab home manufacturing arm that will be setting up in Canada .  All this was revealed during the eleciton. 
He owns shares in over 100 other companies too btw, 

There are a large number of prefab home builders in Canada.  You make the asinine comment 'that will be setting up in Canada'.  Where can I find this prefabbed lie?  

Yes, I guessing that most Canadian's who are invested in the stock market or mutual funds have at least some or all BN, and RY, TD, BMO, CN, CPKC, ENB, etc, etc....   What's your point....only companies he has an investment with gets the business?  What a fool....

And yes, you do embarrass yourself with your mindless partisanship.  What a fool....

[LinkSoul60]

57 minutes ago, CdnFox said:

Because it will be a separate entity.  That's the point.  It will not be part of the gov'ts books so he can rack up as much debt with it as he wants and not be accountable. It doesn't matter if it's set up one way or the other the result will be the same. It's an NGO. Separate books. 

Are you really this stupid?  If you read the article they don't know how it will be structured yet.  Whether it's a crown corporation or a special purpose entity doesn't matter.... financial records MUST be kept regardless of whether it's a government or private business.  That's only common knowledge, and sense isn't it....and why we get to see an annual government financial report. 'Books'....  lol, did you get that from Kojack reruns?

57 minutes ago, CdnFox said:

You're the one who didn't get the point. You didn't realize what i meant by a separate org, no matter the structure, will have freedoms to funnel money where it wants AND to rack up debt that won't be accounted for in the gov't books

Either way it's going to be a government entity.  You obviously don't understand that financial records must be kept....government or private.  

57 minutes ago, CdnFox said:

BUt i love how committed you were to your stupidity

You prove it over and over, and little rivals your stupidity.  You talk for the sake of talking....  and always with your partisan BS

Edited August 12, 2025 by LinkSoul60

[CdnFox]

1 minute ago, LinkSoul60 said:

Again, you always revert to being a kid

I like to write for my audience  

 

Quote

There are a large number of prefab home builders in Canada.  You make the asinine comment 'that will be setting up in Canada'.  Where can I find this prefabbed lie?  

It was discussed extensively during the election.

Tell you what, want to make a bet that they make some of that money the gov't is handing out? I've got no problem doing so    

Quote

Yes, I guessing that most Canadian's who are invested in the stock market or mutual funds have at least some or all BN, and RY, TD, BMO, CN, CPKC, ENB, etc, etc....   What's your point....only companies he has an investment with gets the business?  What a fool....

Maybe, but they're not making the decisions as to who gets the funding and who doesn't.

Or are you saying that it's fine for the prime minister to steal money as long as he gives some crumbs to the small percent of canadians with a stock portfolio and screw the rest?

Quote

And yes, you do embarrass yourself with your mindless partisanship.  What a fool....

Kid, already nobody here respects you.  And you demonstrate your ignorance at every turn.  Sorry, it's not me or anyone else you argue with that's looking the fool.  And your desperate pleading the contrary just makes it worse for you. 

[LinkSoul60]

8 minutes ago, CdnFox said:

I like to write for my audience  

 

It was discussed extensively during the election.

Tell you what, want to make a bet that they make some of that money the gov't is handing out? I've got no problem doing so    

Maybe, but they're not making the decisions as to who gets the funding and who doesn't.

Or are you saying that it's fine for the prime minister to steal money as long as he gives some crumbs to the small percent of canadians with a stock portfolio and screw the rest?

Kid, already nobody here respects you.  And you demonstrate your ignorance at every turn.  Sorry, it's not me or anyone else you argue with that's looking the fool.  And your desperate pleading the contrary just makes it worse for you. 

Wow.... are you always this miserable with life, or do you smile every know and then when/if you get out in the big bad corrupt world?  

I'm not really following what you're saying, and you're not either....  There was no financing details I saw but it's low cost financing....meaning lesser than a public or private lender will offer.  It said the financing could provide up to 20% savings for the prefab builder.  If this new entity is as intended and ran a surplus, that's a problem how?  

And what are you talking about 'it's fine for the prime minister to steal money as long as he gives some crumbs to the small percent of canadians with a stock portfolio and screw the rest?'   Really....

This is when I laugh at you....  Little man gets defensive because he finally realized he doesn't know what he's talking about so needs to slam me, or anyone else who calls out your BS.  What a fool....

[CdnFox]

27 minutes ago, LinkSoul60 said:

Are you really this stupid?  If you read the article they don't know how it will be structured yet.  

wow, decided to double down on looking like an uneduated twat did you?  LOL bold move.

They know it will be structured one of two ways and the outcome is the same either way. If it's a separate entity at all which they say it will be for sure then what i said was true. 

It's a bad look that you didn't get that the first time. It's just embarrassingly dumb to still not get it after it's been explained. 

29 minutes ago, LinkSoul60 said:

Whether it's a crown corporation or a special purpose entity doesn't matter.... financial records MUST be kept regardless of whether it's a government or private business.

But they're not as open to the public, and when the gov't reports how much money it borrowed this year it doesn't have to report the money borrowed by crown corp. So if carney borrows 100 billion and then another 25 billion for this, he only has to tell the public he borrowed 100 billion. It's an old trick. 

but apparently you're a young hack so you don't know that.    i remember back when i was young and stupid. Not that stupid but still. Once again you show your lack of understanding and experience 

 

And yet again, i appreciate your sincere dedication to your stupidity   LOLOL

 

[CdnFox]

1 hour ago, LinkSoul60 said:

Wow.... are you always this miserable with life, or do you smile every know and then when/if you get out in the big bad corrupt world?  

Sigh. Yet again you're butthurt because you know i'm right and can't refute it. I keep telling you, that's not my fault! 

And what you fail to understand despite being told many times is I'm not miserable in the slightest, I find you absolutely hilarious   You flail your little arms around like the robot from lost in space screaming at the top of your lungs and your reactions are priceless  

 

Quote

I'm not really following what you're saying, and you're not either....  There was no financing details I saw but it's low cost financing....meaning lesser than a public or private lender will offer.  It said the financing could provide up to 20% savings for the prefab builder.  If this new entity is as intended and ran a surplus, that's a problem how?  

Well you are not following it, that part was true. I follow it just fine.

And it's always a problem when you're dealing with corruption. And if you read carefully it wasn't just low cost financing it was also funding.

In addition you can absolutely bet there will be studies and other things that this group will wind up paying for that will be outsourced. Carney has already increased Outsourcing by 25 billion over the next year. Most of those go to single source contracts. You think there's no way he's getting some sort of benefit from offering 25 billion dollars to people in a non-competitive process?

This is exactly how we wound up with the arrive can app. Which cost us many millions of dollars in one company replicated in a weekend for fun

1 hour ago, LinkSoul60 said:

And what are you talking about 'it's fine for the prime minister to steal money as long as he gives some crumbs to the small percent of canadians with a stock portfolio and screw the rest?'

That was a direct response to your comment and I explained it clearly. Seriously, what grade are you in? None of what I'm talking about is complicated and you're clearly struggling trying to understand it

Quote

This is when I laugh at you....  Little man gets defensive because he finally realized he doesn't know what he's talking about so needs to slam me, or anyone else who calls out your BS.  What a fool....

ROFLAMO!!!! Pot, meet kettle. Kettle, pot   LOL you are hilarious kid! I'm sure you're really hell on wheels at the daycare when you're arguing with the 6 year olds  

[LinkSoul60]

5 minutes ago, CdnFox said:

wow, decided to double down on looking like an uneduated twat did you?

You have no idea what you're talking about do you.  You're also beyond oblivious....the federal government reports all financial activities, crown or otherwise.  "It's an old trick'.... lol, what a fool.

I could go on like you do now about remembering when you were young and stupid, but I won't. Suffice to say that after all these years you're still batting .500 

[LinkSoul60]

8 minutes ago, CdnFox said:

And it's always a problem when you're dealing with corruption

What a fool...

The plan was just announced today and it's already one of the greatest scandals to be the country has ever seen.  I can only imagine how you think. What a fool....

15 minutes ago, CdnFox said:

n addition you can absolutely bet there will be studies and other things that this group will wind up paying for that will be outsourced. Carney has already increased Outsourcing by 25 billion over the next year. Most of those go to single source contracts. You think there's no way he's getting some sort of benefit from offering 25 billion dollars to people in a non-competitive process?

You embarrass yourself non-stop.  What a fool....

19 minutes ago, CdnFox said:

That was a direct response to your comment and I explained it clearly. Seriously, what grade are you in? None of what I'm talking about is complicated and you're clearly struggling trying to understand it

This is the part of your act where you say you've explained something, but you haven't said anything other than it's all a scam to benefit Carney and friends.  I could be in grade 6 and tell you that.  What a fool....

Try to read this time.  You may find others ways the big scam will be pulled off.

https://liberal.ca/wp-content/uploads/sites/292/2025/03/Mark-Carneys-Liberals-unveil-Canadas-most-ambitious-housing-plan-since-the-Second-World-War.pdf

[CdnFox]

1 hour ago, LinkSoul60 said:

You have no idea what you're talking about do you.  You're also beyond oblivious....the federal government reports all financial activities, crown or otherwise.  "It's an old trick'.... lol, what a fool.

I could go on like you do now about remembering when you were young and stupid, but I won't. Suffice to say that after all these years you're still batting .500 

I have been very clear and it's obvious to anybody that I know exactly what I'm talking about

. And everybody was even a tiny bit of political history will know that it is an old trick and know exactly what I'm talking about ,  you're in ontario I believe i heard you say? Ask kathleen wynn about using ngo's to borrow money to keep it off the books  

and you can't go on like me. I go on using facts and reason and logic, and you're incapable

I honestly don't think you realize how badly your burying your credibility and the eyes most of the people here who have a little bit of political knowledge

 

[CdnFox]

54 minutes ago, LinkSoul60 said:

What a fool...

The plan was just announced today and it's already one of the greatest scandals to be the country has ever seen.  I can only imagine how you think. What a fool....

LOL awww you poor thing, you can't even come up with something baseline intelligent to say.  Just 'Mean man was mean to me!!!"

The facts i said won't change if they're 1 day old or one year old.  And this was what was expected, this is something he talked about during the campaign and intelligent people including myself said "this is what this will look like and it'll be a rip off,"  and golly if it isn't exactly what we said  

Quote

You embarrass yourself non-stop.  What a fool....

WAAAHH WAAAAAAAAAH, MEAN MAN WHO USES FACTS WAS MEAN TO ME AGAIN!!!

Kid. there is one person being embarrassed here and it ain't me

Now go and change your diapers, you stink. 

58 minutes ago, LinkSoul60 said:

This is the part of your act where you say you've explained something, but you haven't said anything

This is the part where i explained it clearly but you couldn't comprehend and now you're angry and want it to be my fault so you lie 

I was quite clear, you said other people owned those stocks and i pointed out that they own them blind with no say in policy, so that's not the same thing. It's still wrong for carney to benefit from his position like that regardless of others benefitting as well  unless you're claiming that it's ok for carney to steal if others get some crumbs. 

Nothing remotely challenging or unclear. Very simple. But it was over your head apperently  LOLOLOL

Kid you're like watching urkle cliam he's beating up mike tyson  LOLOL 

[LinkSoul60]

7 hours ago, CdnFox said:

LOL awww you poor thing, you can't even come up with something baseline intelligent to say.  Just 'Mean man was mean to me!!!"

The facts i said won't change if they're 1 day old or one year old.  And this was what was expected, this is something he talked about during the campaign and intelligent people including myself said "this is what this will look like and it'll be a rip off,"  and golly if it isn't exactly what we said  

WAAAHH WAAAAAAAAAH, MEAN MAN WHO USES FACTS WAS MEAN TO ME AGAIN!!!

Kid. there is one person being embarrassed here and it ain't me

Now go and change your diapers, you stink. 

This is the part where i explained it clearly but you couldn't comprehend and now you're angry and want it to be my fault so you lie 

I was quite clear, you said other people owned those stocks and i pointed out that they own them blind with no say in policy, so that's not the same thing. It's still wrong for carney to benefit from his position like that regardless of others benefitting as well  unless you're claiming that it's ok for carney to steal if others get some crumbs. 

Nothing remotely challenging or unclear. Very simple. But it was over your head apperently  LOLOLOL

Kid you're like watching urkle cliam he's beating up mike tyson  LOLOL 

I'm done wasting my time with you.  The only thing you know is how to be a sad little political hack.  It's all you got....

What a fool....

[CdnFox]

3 hours ago, LinkSoul60 said:

I'm done wasting my time with you.  The only thing you know is how to be a sad little political hack.  It's all you got....

What a fool....

In other words you realize you've completely lost and you're going to run away and hide like the little biatch that you are  

Fair enough. I'm sure you can find a 6 year old to argue with somewhere that might be more your speed

[LinkSoul60]

4 minutes ago, CdnFox said:

In other words you realize you've completely lost and you're going to run away and hide like the little biatch that you are  

Fair enough. I'm sure you can find a 6 year old to argue with somewhere that might be more your speed

No.  You clearly have zero idea what you're talking about other than your typical attempt at partisan politics.  

Go back to bed little man....  You're a waste of time.

[CdnFox]

26 minutes ago, LinkSoul60 said:

No.  You clearly have zero idea what you're talking about other than your typical attempt at partisan politics.  

Go back to bed little man....  You're a waste of time.

Funny that you can't actually refute any of it then    

WAAAAHHHH  I CAN"T PROVE ANY OF IT"S WRONG BUT I DON"T LIKE IT SO I"LL JUST CLAIM YOU DON'T KNOW!!!! WAAAAAAHHHHH!!!!

Honestly you sound like a teenager Going through puberty.  "YOU JUST DON"T UNDERSTAND !!! Snif!!

Everything I said is accurate and backed up by facts and reason. It's clear you have limited understanding or experience with any of this but you do have Google and you should have been able to either prove it correct or disprove it and post your proofs here

Instead all you do is make dumb claims that somehow I'm the one that doesn't know what I'm talking about and then run and hide because the older kids scared you.

Run along and play with your Lego if you must obviously you are not emotionally or mentally old enough to deal with actually discussing the issue

[LinkSoul60]

53 minutes ago, CdnFox said:

Funny that you can't actually refute any of it then    

WAAAAHHHH  I CAN"T PROVE ANY OF IT"S WRONG BUT I DON"T LIKE IT SO I"LL JUST CLAIM YOU DON'T KNOW!!!! WAAAAAAHHHHH!!!!

Honestly you sound like a teenager Going through puberty.  "YOU JUST DON"T UNDERSTAND !!! Snif!!

Everything I said is accurate and backed up by facts and reason. It's clear you have limited understanding or experience with any of this but you do have Google and you should have been able to either prove it correct or disprove it and post your proofs here

Instead all you do is make dumb claims that somehow I'm the one that doesn't know what I'm talking about and then run and hide because the older kids scared you.

Run along and play with your Lego if you must obviously you are not emotionally or mentally old enough to deal with actually discussing the issue

Refute your partisan BS that Carney is setting BCH for his and friends own personal gain....  F*ck are you stupid!

You're a freaking rerun....  you typically have absolutely nothing so you resort to BS and talking like the angry little man you are just so you can talk.

A little man who is a waste of time, and a fool to boot....  Other than that you appear to have it all going on for yourself.