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Why Canadians shouldn't bail out B.C. condo developers who made risky bets
Description
Rudyard Griffiths and Sean Speer discuss the federal and B.C. provincial governments' plan to purchase thousands of unsold condos in Vancouver. They question whether taxpayers could end up overpaying to support developers who made risky investments and argue that the policy may prevent market corrections that could improve housing affordability. They also contend that the bailout could reduce opportunities for prospective buyers and explore whether politicians are willing to allow housing prices to fall naturally.
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CREDITS:
Amal Attar-Guzman - Producer and Editor
Rudyard Griffiths and Sean Speer- Hosts
Darryl Dyck/The Canadian Press - Photo Credit
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