The Logistic News

The Logistic News

Eby says B.C.’s condo purchase plan is not meant to rescue developers

  British Columbia Premier David Eby is defending the province's proposal to buy unsold condominium units, rejecting claims that the initiative is designed to rescue struggling property developers.  The proposal, announced last week alongside Prime Minister Mark Carney, would allow governments to support the purchase of up to 2,200 unsold condominiums across British Columbia before offering them through a rent-to-own programme.  Opposition parties at both the provincial and federal levels have criticised the plan, describing it as...

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