Eric Lombardi (EricForOLP.ca) 🇨🇦🚀@EricDLombardi
This is a big developer bail out.
All of these condo units would have found their way to the rental market, at a lower cost, without the province spending a dime.
There are real people to help as the housing market (hopefully) continues on a path to price normalization.
This is the people who scrimped and saved and took on huge debts to buy into the dream of homeownership, and find themselves at the mercy of a dysfunctional market that policy failure is responsible for. But there is nothing for them. They don’t get a bail out.
Meanwhile, we can’t seem to find the money for our education, health, and other critical provincial functions.