Get you up to speed: B.C.’s Eby compares condo plan to ‘liquidation’ at below construction costs
The federal and provincial governments announced a plan to convert unsold condos in British Columbia as part of a $5-billion infrastructure spending initiative. This plan was revealed last month but did not include immediate details on implementation.
The plan to convert unsold condos in British Columbia aligns with a $5-billion infrastructure spending initiative announced by federal and provincial governments last month. Specific timelines for the conversion process have yet to be detailed by officials.
Federal and provincial governments are moving forward with a plan to convert unsold condos in British Columbia as part of a broader $5-billion infrastructure spending initiative announced last month. The planned measures aim to address housing supply issues, with authorities indicating that further details will be released in the coming weeks.
What remains unclear — Details on how the conversion of unsold condos will be implemented have not been specified.
B.C. premier Eby likens condo conversion plan to liquidation below costs
The plan on conversion of unsold condos in B.C. was part of $5-billion infrastructure spending announcement the federal and provincial governments announced last month.