CANADA — Vancouver Condo King’s Data: Sales at Generational Lows, Prices Falling — and a $3.2-Billion Rescue Designed To Halt the Correction Toward Affordability — The Bureau
ANALYSIS: Data shows the market still falling — and the new units Ottawa wants to buy are the least affordable of all, many priced above $1 million.
Days before a parliamentary committee decides whether to investigate the Carney government’s multibillion-dollar Vancouver condo bailout, the market-intelligence unit of Bob Rennie, the Carney fundraiser at the center of the controversy, has published data suggesting Ottawa and Victoria would be catching a falling knife with public money — or, in the view of critics, halting a correction that would benefit generations of young homebuyers, before Vancouver’s market is allowed to approach standard measures of affordability.
https://www.thebureau.news/p/vancouver-condo-kings-data-sales?