Canadian Press: Liberals shut down debate over proposed probe into B.C. condo buyout plan

Liberal MPs shut down a Conservative attempt to have the House of Commons ethics committee investigate the government’s plan to turn unsold condos into affordable housing in British Columbia.

The Liberal government joined with the B.C. government last month to announce a plan to have the governments buy up 2,200 vacant condo units to convert into affordable housing through a rent-to-own model.

The Conservatives recalled the House ethics committee to probe the plan at the request of the party’s leader, Pierre Poilievre.

B.C. Premier David Eby has said the condo buyout is an alternative to Ottawa’s original pitch to use federal funds to waive the sales tax on new homes in the province, but he also said the Liberals wanted to make the announcement before all the details were finalized.

Carney and Eby have both denied that the proposal is a bailout, and said the governments are looking to instead take advantage of distressed developers to get a good deal on affordable housing for Canadians.

They’ve also said that if they can’t get a good deal on the homes, they won’t move forward with any transaction.

Eby has said the numbers don’t work in Vancouver, but could work in the regions such as the Fraser Valley and the Okanagan.

Conservative and Bloc Québécois MPs on the committee voted in favour of continuing talks. While the federal NDP have no members on the committee, MP Jenny Kwan appeared during Tuesday’s meeting to voice her support for Gunn’s proposed investigation.

*Click image or link to read the full news story - https://cheknews.ca/liberals-shut-down-debate-over-proposed-probe-into-b-c-condo-buyout-plan-1334712/

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