

June 23, 2026
The Honourable Gregor Robertson The Honourable Christine Boyle
Minister of Housing and Infrastructure Minister of Housing and Municipal Affairs
House of Commons Parliament Buildings
Ottawa ON K1A 0A6 Victoria, BC V8V 1X4
Via email: [email protected] Via email: [email protected]
Dear Minister Robertson and Minister Boyle,
Open letter Re: Reconsideration of Housing Programs that Subsidize Unsold Condominium Inventory and Reduced Development Charges
I am writing to express serious concerns regarding recent federal and provincial housing initiatives that appear to direct substantial public resources toward supporting private developers rather than addressing the urgent need for genuinely affordable housing in British Columbia.
The federal government's recently announced housing package, including the "Condo Conversion" program, allocates billions of dollars toward the acquisition or conversion of condominium units that developers have been unable to sell.
This initiative follows other measures that encourage local governments to reduce development fees and community amenity contributions, effectively transferring significant public value to private development interests.
This is once again an example of market-based incentives that don't result in real affordability.
I respectfully urge both governments to reconsider these approaches and instead prioritize investments in permanently affordable public, co-operative, and non-profit housing. The federal government should be a partner with the Province of BC in providing operating subsidies for affordable housing projects. The Province can't be expected to do this alone.
The central challenge facing British Columbia's housing system is not a shortage of market condominiums. Rather, it is the growing shortage of homes that working families, renters, seniors, young people, and first-time homebuyers can realistically afford.
According to publicly reported data, thousands of condominium units remain unabsorbed in the Metro Vancouver market. This suggests that the current problem is not insufficient supply of investor-oriented housing, but a mismatch between what is being built and what people can afford.
At a time when many residents continue to struggle with rising housing costs, homelessness, displacement, and housing insecurity, it is difficult to understand why public funds are being directed toward absorbing market risk from private developers.
Developers made investment decisions during a period of rapidly rising prices and strong profits. While those profits accrued privately during the boom years, taxpayers are now being asked to shoulder the consequences of a cooling market.
This raises important questions of fairness, accountability, and public interest.
British Columbians deserve clear answers regarding:
• Which developers will benefit and by how much;
• What affordability standards will apply to any units acquired or financed;
• How long affordability protections will remain in place; and
• Whether these homes will ultimately remain in public, non-profit, or private ownership.
Without clear affordability requirements and transparency measures, there is a significant risk that these programs will do little to improve housing affordability while providing substantial financial relief to developers and investors.
The cancellation of important affordable housing programs in recent years has further heightened concerns about priorities. Imagine what could be achieved if the billions currently being directed toward unsold condominium inventory were instead invested directly in the construction and acquisition of permanently affordable housing owned and managed by public agencies, housing co-operatives, Indigenous housing providers, and non-profit organizations.
British Columbians were promised bold action to address the housing crisis. A truly transformative housing strategy would focus on expanding the stock of permanently affordable homes rather than intervening to support speculative market projects that no longer align with current demand.
Public investments should be structured to guarantee affordable homes for people, not to guarantee returns for speculators or shield developers from market risks.
I therefore respectfully request that the federal and provincial governments:
- Reconsider the Condo Conversion program and similar initiatives that absorb unsold private condominium inventory without strong affordability guarantees;
- Restore and expand investments in public, co-operative, and non-profit housing;
- Establish clear, enforceable affordability targets for all federally and provincially funded housing programs;
- Provide full public transparency regarding beneficiaries, expenditures, ownership structures, and affordability outcomes; and
- Ensure that public housing investments create lasting affordability for future generations.
British Columbians deserve housing policies that place people ahead of speculation and long-term affordability ahead of short-term market intervention. The new policies announced last week completely miss the mark.
Thank you for your consideration. I look forward to your response.
Sincerely,
Jenny Kwan
Member of Parliament for Vancouver East
Cc:
The Right Honourable Mark Carney, Prime Minister of Canada
Via email: [email protected]
The Honourable David Eby, Premier of British Colombia
Via email: [email protected]