u/Signal-Specific-1704

The provincial establishment in B.C is out here promising "liquidation pricing" for new condos, but Eby is remarkably short on details.

He’s comparing this to a fire sale, but consider this: during the major condo crash in Miami (a city with a much more diversified economy those targeted cities in B.C) prices plummeted by 43%. If this isn't just a taxpayer-funded bailout for developers, are we actually going to see those kinds of price cuts in B.C.? Or is "liquidation" just a buzzword to sell a plan that doesn't actually pencil out?

Regardless of personal political views, Pierre Poilievre has become the first major federal leader to explicitly state that restoring housing affordability requires a market price correction. By opposing a government plan to buy unsold properties, which he argues acts as a "condo bailout" that sustains artificially high developer prices—he is effectively pushing for the market to drop.

For those priced out of the market, a federal leader openly advocating for lower prices rather than government intervention is a significant policy shift and a breakthrough for affordability advocates. We need MPs from across the political spectrum to start saying the quiet part out loud: the only way to meaningfully restore housing affordability for this generation is through a decline in home prices.

Popul-ation decline alone won't make enough of an impact, salaries will not catch up with the growth of prices, and we are nowhere near building enough new homes to close the gap. A true price correction is the only path forward.

Breakdown by party:

-Liberal Party: 52 MPs (including roughly a third of the cabinet) 
-Conservative Party: 45 MPs (including party leader Pierre Poilievre and 44 others)
-Bloc Québécois: 6 MPs 
-New Democratic Party (NDP): 1 MP
-Greens: 1MP
——

Highly notable parasites:

-Gregor Robertson (Housing Minister): Owns a portfolio valued at over $10 million, including a Vancouver penthouse and properties near Tofino and Squamish.

-Lena Metlege Diab (Imm Minister): Owns or co-owns 14 rental units in Halifax. 

-Marty Morantz (Conservative MP): Cited as one of the largest property holders in the House, with joint ownership of 17 residential and multi-unit rental properties in Winnipeg.

-Taleeb Noormohamed (Liberal MP): Drew scrutiny for flipping over 20 residential properties in BC between 2005 and 2021 before entering Parliament.

-Randeep Sarai (Secretary of State for International Development): Solely owns a duplex rental and four rental units in Burnaby, a rental property in Surrey, and discloses further investment and rental income held by his spouse.

-Ahmed Hussen (Former Housing Minister): Criticized for purchasing additional rental properties in Ottawa while serving as the minister responsible for housing affordability. 
———-

Sources:

1. The Maple: "Find Out If Your MP Is A Landlord Or Invested In Real Estate" (Database and analysis by Davide Mastracci, regularly updated between 2021 and 2024). 

2. Global News: "Landlords in the House: Advocates see a bias in Parliament against renters" (Investigation and article by David Akin, published June 2026). 

3. Global News (Video Broadcast): "Canadian government accused of bias against renters in signature housing legislation" (The news segment provided in the previous link).

 

Announced in March 2026:

The Building Ontario Fund is “partnering” (providing a low-interest loan) with High Art Capital, a private investment firm, to buy 2,200 unsold condos in the GTA. They plan to convert them into long-term rentals, with only 25% of the units earmarked as “affordable” (defined as 25% below local market rent or 30% of median gross household income across the GTA).

With this $300 million loan from the Ontario government, High Art Capital is raising the rest of the capital from banks and private equity to reach a total purchasing power of $1.3 billion.

It is awfully convenient that the full HST rebate on new homes for all buyers is happening at the same time.

A “right-leaning” government in Ontario has the same playbook and similar numbers to the “left-leaning” government in B.C. We are in class warfare, wake the f up.

Sources:
1-Building Ontario Fund / High Art Capital Partnership Announcement
2-OAA Critique: Ontario shouldn't bail out developers
3-Deeded Industry Breakdown: The $1.3B Buy-up

The developers didn’t ask for the bailout, but we are giving it to them anyways under the mask of “affordability”.

Try watching this without your blood boiling.

TLDR:

They said the following:

1. It’s a complex issue and people don’t understand the situation.

2. This is about supporting an industry that provides essential services.

3. Buying the units is a solution for providing subsidized housing for the unhoused.

4. Prices of these units cannot be lowered because products need to break even and make a profit.

5. The reason why end consumers aren’t buying now in 2026 compared to 2021 and 2022 is because DCCs are high, not because the investors realized the Ponzi scheme of flipping dogcrate condos is over.

6. The industry wasn’t asking to be bailed out; this is solely a government’s decision.

7. The risk of lower immg targets was not anticipated by the developers, and the crisis is the government’s fault (aka lower demand, and which to them is not being able to sell the dogcrates).

8. Fees, charges, and other forms of taxes were paid by the developers during the good times, thus they’re entitled to a bailout in the bad times (acting as if these costs weren’t passed to the buyers).

9. Bailing them out is essentially to continue having development completions, and this is necessary to avoid a crisis 3 years down the road.

You thought the HST rebate was bad? Well elbows up suckers, they're not done screwing you over yet.

They are taking your hard earned highly taxed dollars to bail out the very developers who built those dogcrate condos across B.C. The plan? Buy up 2,200 units to artificially set a floor price for the condo market, all while slapping a "social housing" label on it to call it a win.

Nothing is going to change until we vote them out, demand a full corruption investigation and vote for a party that will implement a housing reform policy.

Federal Conservatives want to implement a GST rebate for all buyers on properties up to $1.5 million across all provinces.

This is just a friendly reminder: whether they’re wearing Red or Blue, both sides of the establishment are perfectly fine with screwing you over. They are just cementing the modern feudalist society they’ve spent the last 20+ years creating.

Non-paywall:
https://archive.is/20260601100838/https://www.thestar.com/opinion/contributors/ford-and-carney-claim-22-billion-hst-rebate-on-new-homes-will-help-renters-become-owners-instead-its-helping-the-wealthy-buy-more-rental-properties/article\_b426b1c9-e5d8-41ad-84e4-1b8d48cac424.html

Let's get a list going of developers who are pocketing the recent HST rebate instead of passing the savings onto buyers. Specifically, I’m looking for examples of developers using shady, artificial scarcity tactics.

Have you noticed projects doing any of the following?

1- Jacking up base prices immediately following the HST rebate.
2- Trickling out "phases" with an extremely limited number of units to create false FOMO.
3- Increasing prices with every micro-phase release, even though all the units share the exact same occupancy date/year.

If you have seen this happening, drop the names of the developers and the specific projects in the comments below.

Please provide proof (screenshots, pricing sheets, or links) if you can! Let's hold them accountable.

Edit: The list so for;
A- Forest Hill
B- Greenpark
C- Maggio and Tri-World Development Corp.
D- Minto