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52m 16s

VREP #527 | David Eby Wants to Be Your N...

Adam and Matt Scalena
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Picture this: you move into your new home & find yourself across the table from a government bureaucrat at your first strata meeting. And they control 30% of the strata votes! The proposed condo bailout could make this a reality. Senior Economist Marc Lee of the Canadian Centre for Policy Alternatives sits down with Adam & Matt this week to unpack why the cycle that made Vancouver real estate a one-way bet has somehow ended with taxpayers buying condos, how scooping up unsold units puts an artificial floor under prices right when they need to move, and where Marc thinks the province belongs in the housing market instead. What happens to your assessed value when Victoria buys the unit next door? Which 2,200 households win the condo bailout lottery? And is this all really about developers or about the Canadian banks? Don't miss this one!

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