Canada has a condo absorption problem hiding inside an affordable housing announcement.

Canada has a condo absorption problem hiding inside an affordable housing announcement. B.C. is talking about a $3.2B package and more than 2,200 vacant condos that could be converted into affordable housing. Ontario has already moved through a similar playbook. If the units were clearing at affordable prices on normal market terms, governments would not need to engineer the buyer, the financing, and the subsidy stack. Full breakdown: https://youtu.be/glQMgymS5V8 #CanadianRealEstate #HousingMarket #CanadaHousing #VancouverRealEstate #RealEstate