Liberal members of the House ethics committee shut down debate Tuesday over an Opposition motion to investigate the Carney government’s controversial plan to purchase thousands of unsold B.C. condos from developers.
An “emergency” meeting was called by the Conservatives during the summer recess on Tuesday to launch an ethics probe into the program, which would see Build Canada Homes and BC Housing partner to convert 2,200 unsold condo units in the province into affordable housing. The plan, announced unexpectedly, has received significant criticism from housing advocates and opposition parties, who have called it a “bail out” for developers that made bad calls speculating on rising real estate prices.
However, a Liberal MP moved a motion to adjourn debate on the issue, on the basis that summer is not the best time to tackle the issue, and members of the committee should be in their constituencies.
The motion carried with the Liberal majority in support.
Conservative MP Aaron Gunn had tabled the motion to summon Vancouver developer Bob Rennie, Housing Minister Gregor Robertson, B.C. Housing Minister Christine Boyle to testify before the committee, as well as representatives from Build Canada Homes, BC Housing, and Brookfield Asset Management, among others. Prime Minister Mark Carney had previously been chairman of Brookfield Asset Management before entering politics.
NDP MP Jenny Kwan questioned the federal government’s track record on funding for affordable housing, adding that the condo initiative does not pass “the public smell test.”
“Make no mistake, this latest announcement of the condo conversion is massive bailout for developers, even though the prime minister wants to pass it off as affordable housing,” said Kwan. “No one is buying it.”
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