Carney faces ethics probe over Vancouver condo bailout questions

[eyeball]

For the record...according to google AI to my question;

Did Stephan Harper sell 800 thousand low income housing units to developers

Prime Minister Stephen Harper did not personally or directly sell 800,000 low-income housing units to developers.The figure of 800,000 affordable rental units stems from a highly criticized statistic used by political opponents—including the New Democratic Party (NDP) and the Liberal Party—and labor unions like CUPE. Rather than a direct mass sale of public property, the figure refers to a broader structural decline in Canada's affordable housing stock.

The Origin of the "800,000 Units" Claim

The 800,000 figure points to affordable, lower-rent units in the private market that were "lost" or converted into high-rent, luxury, or condominium spaces during the Conservative government's tenure. This erosion occurred due to several distinct policy decisions and market trends:

Expiration of Operating Agreements:

For decades, the federal government funded social housing through long-term operating agreements with providers. Under the Harper administration, many of these 25-to-35-year agreements reached their end dates. The government opted not to renew the subsidies, which housing advocates argue led to the eventual privatization or increased rental costs of those units.

The Private Financial Ecosystem: Critics point out that the federal regulatory environment at the time allowed corporate landlords and real estate investment trusts (REITs) to purchase older, lower-rent apartment buildings in bulk. These private buyers often initiated "renovictions" or "demo-evictions" to upscale the buildings and dramatically raise prices, effectively removing them from the affordable housing stock.

Decades of Federal Disengagement:

The decline of federally backed social housing in Canada did not start with Stephen Harper. It began in the early 1990s under Brian Mulroney's Conservative government and accelerated when Jean Chrétien's Liberal government completely withdrew federal funding for new social housing construction in 1993, downloading the responsibility to the provinces.

The Fact-Checking Reality

The accusation is frequently weaponized in modern political campaigns to target opposition leader Pierre Poilievre, who served briefly as Harper's Minister of Employment and Social Development (which oversaw housing policy at the time).

While it is historically accurate that Canada lost an estimated 800,000 market-affordable rental units to private sector gentrification and financialization during the Harper era, it is false to state that the government held ownership of these units and directly sold them off to corporate developers.

 

[LinkSoul60]

51 minutes ago, CdnFox said:

And lies are lies. You seem to prefer the second to the 1st

By almost every measure he was success

As we were recovering from the greatest recession in almost 100 years. Gosh  And he did better than almost all of his peers

But better than most countries. Again we're talking about the greatest recession in almost a hundred years

He was a wild success and it drives the liberals absolutely nuts. The Canadian recovery was almost twice the pace of Obama's, it led the world in many cases, and our recession was not as deep as long as other countries.

It's hard to imagine a prime minister doing better than he did in those economic times

I know that this is you off. But as you say the facts are the facts and your lies are lies

He was a failure.... and why the 2015 election was beat down for the Con's.

We were not as scathed because of our banking regulations and holding high risk mortgages and the fact our banks were/are well capitalized with no financial assistance needed there.  Add in the booming price of oil at the time and a savvy Bank of Canada Governor setting monetary policy and we skated through it okay.  

Harper was a failure though...

[LinkSoul60]

2 hours ago, WestCanMan said:

1) So what's your issue, if taxpayer money wasn't given to developers?

2) FYI it was the Liberals who caused the bubble that burst on these developers, dummy.

1. Units were sold for what the market would bear. That's capitalism, dumbfack.
2. Are you really that comfortable in your socialist bubble that you're just going after capitalism now?
3. I'll type this really slowly for you so that you can read it:  HOMES WERE MORE AFFORDABLE UNDER HARPER. RENTS WERE MORE AFFORDABLE UNDER HARPER. That comes from comparing the rise in rents/prices vs the rise in incomes. 
4. The FAILURE AWARD of the last 20 years here in Canada goes directly to the LPoC, and it's not even close.
5. The LPoC made homes and rents less affordable, and they gave taxpayer money to "developers" who you think are evil. It's like the trifecta of sucking, donkey.

😂 That's just basic stupidity.

Prices have basically doubled every ten years in the lower mainland since 1950. 

No, one of the reasons Harper was voted out was because many felt that housing was becoming more unaffordable and not possible during his term, which it was for many.

His courting of Chinese investment is the reason LM and GTA housing prices went beyond stûpid in the early 2000's.

He was a failure...

 

[Army Guy]

3 hours ago, LinkSoul60 said:

How could taxpayer money be used to sell?  No, they sold affordable units to landlords and developers who profited from those purchases by taking those units off the market and seeing both rent and home prices further increase with lesser supply.

Personally, I think they should have stayed out of it and let the market price find it's own level without the governments assistance, but if they buy at cost or below it's a net positive for rent to own owners, and minimal risk to taxpayers with the mortgage being an asset, not a liability.

People in Metro Vancouver or populated areas of BC likely have little sympathy for your ~$375k - $400k average NB home price that has doubled in the last decade.  

How did Liberals help Liberals here?

So its not the same is it, Carney is buying condos with tax money at inflated prices bailing them out.....

Thats how the free market works....It has already been said they will buy at today prices, so contractors and bankers don't risk anything...again you don't understand it is tax payers money....how much do you affordable housing is worth....

I purchased my home for 375, 6 years ago sold it for 810.....it is like this in most of the Maritimes, unless you want to live in buck fu@k no where....

I'm pretty sure they are not conservative contractors or conservative banks.. what makes you think they are not liberal ? it has been discovered that many have donated to the liberal party, sorry conservatives don't do that...

[Goddess]

1 hour ago, LinkSoul60 said:

He was a failure...

Yet you have no problem with the Liberals doing WORSE.

[LinkSoul60]

1 minute ago, Goddess said:

Yet you have no problem with the Liberals doing WORSE.

No, I had a big problem with Trudeau.