
Public funds should guarantee affordable homes for people—not guaranteed returns for developers and speculators.
Today, I sent an open letter to federal Housing Minister Gregor Robertson and provincial Housing Minister Christine Boyle urging them to immediately reconsider recent housing policies that bail out private developers at the expense of everyday British Columbians.
The federal government’s new "Condo Conversion" program plans to allocate billions of taxpayer dollars to buy up or convert unsold, investor-oriented condominium inventory. Meanwhile, local governments are being pressured to slash development fees and community amenity contributions.
When the housing market was booming, developers pocketed massive private profits. Now that the speculative market is cooling, taxpayers are being asked to shoulder their financial risks. This is fundamentally unfair and completely misses the mark.
The central problem in Metro Vancouver isn’t a shortage of high-end market condos—thousands of units are sitting empty and unabsorbed. The problem is a severe shortage of homes that working families, renters, seniors, and young people can actually afford.
Imagine what we could achieve if those billions were invested directly into constructing and acquiring permanently affordable public, co-operative, Indigenous, and non-profit housing. Furthermore, the federal government needs to step up as a true partner to British Columbia by providing ongoing operating subsidies for affordable housing projects—the Province cannot be expected to carry this load alone.







