Maple Dealer 🇨🇦
Region: CA
Tuesday 23 June 2026 16:29:22 GMT
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fkthisapptho :
Condos should never be more than like 150-200k. Maybe 200-300 for something finished NICE. I hate the idea of 400-500k condos anywhere honestly.
2026-06-23 17:18:29
17
Kim Douglas Lazarus :
It’s a bailout! Is the government going to do this for EVERY developer in Canada? This is not fair! The government does not need to spend money we do not have! Period!
2026-06-23 23:03:17
9
Wendy 🇨🇦 :
The government shouldn't buy any! They should improve employment opportunities and continue to provide low interest loans to families and young who need a hand!
2026-06-24 12:31:45
2
River 🇨🇦 :
I like the idea of the government turning them into affordable housing. I think a lot of people are wary because there aren't a lot of details about the long term plans for them, but this is the right direction if the units stay affordable
2026-06-23 21:55:06
5
🇨🇦mslotuslady🇨🇦 :
What’s really scary is how many people on both sides of the political spectrum are more than willing to see small trades go under with the developer just out of spite
2026-06-23 18:54:40
21
Mark McLean 🇨🇦 :
Option 3 the govt takes an equity position (let’s say 25-30%) and sells the other 70-75% to consumers. People now get to build equity over time. When they sell at market in a few years the government gets their piece at the new value and the buyer wins too. Cmhc tried this awhile ago but the math wasn’t mathing.
2026-06-23 17:26:59
18
prinny181🇨🇦 :
My coworker told me Brookfield would be benefiting from this condo deal. Is this true? I'm just curious so I can debate her lol
2026-06-25 12:54:45
2
JDog :
Canadians suffer from government buyouts because it increases the deficit, increases debt interest costs and devalues the Canadian dollar
2026-06-24 21:40:47
1
Du Mei 杜梅 :
Do you think the govt get a deal for buying in bulk? I realize these aren’t all from the same developer, but they will be purchasing multiple units from single developers. Also, having the govt involved in housing creates market tension, which will help everyone who rents or wants to buy. One of the reason the cost of housing is so high is bc Chrétien decided to get out of housing many years ago. The govt could build new housing (like they were planning to) or they could buy these units at a discount (the cost of labour and particularly materials is more expensive now than when these units were built). From what we know about this program at this point, this seems like a win for everyone.
2026-06-24 06:11:16
5
Tony Te Tuner 🇨🇦⚛️🏳️🌈☯️ :
2 all the way!
2026-06-24 00:54:07
5
R.J. :
Why can't markets decline?
2026-06-24 03:36:23
1
alitlebd 🇨🇦 :
government
2026-06-23 16:53:32
10
VraiVrai :
I wish. The condos at young and Eglinton have not declined 20%. And the supply is very limited which means the prices remain relatively high. Maybe a 6% decline that’s it.
2026-06-24 08:30:28
1
whatever :
Scenario 3: Don’t buy anything in Canada. It’s pretty bad putting your money into anything this unpredictable.
2026-06-24 02:06:46
0
Hford :
Exactly what’s happening now, the govt
2026-06-23 16:56:10
6
borscht_soup0 :
Government 💯
2026-06-23 23:57:25
3
Blynn 🇨🇦 🍁 :
Government
2026-06-23 17:08:11
6
Kat T :
The better idea. Create a law that corporations are no longer allowed to own over say 5-20 units and if they do… they are charged a higher tax for each condo above that number.
2026-06-27 02:42:42
1
Jazzy :
Is it cheaper than building?
2026-06-23 18:53:51
1
Triplanner13 :
The fact that the price dropped a $100k means that this is the new market value NOT that they are buying them at below market value. I don’t have a problem with the gov’t being involved. Better to speed the process by buying existing properties. And all those 250 sq ft studios that Toronto Developers built that they can’t sell need to hire designers in to make them really liveable. This is happening in Australia, the EU and other areas and they come up with ingenious solutions.
2026-06-28 06:13:11
2
RC :
If the govt said they are building 2000 units 25% below market value everyone would applaud the affordable housing initiative. Thats essentially what the government is doing and NOT flipping it for a profit which is what private equity would do. No relief for the housing market.
2026-06-25 10:48:59
2
Kris Wu :
I see many people commenting to various degrees already and I largely agree - there are more than the two options presented. I'm curious to see how the announcement will actually work out in terms of policy.
2026-06-23 18:34:32
3
DiWill_99 :
Government owned!
2026-06-23 18:57:59
3
nickd6244 :
The devil is in the details. The government should only buy units it would otherwise build and at the cost they would have paid. For example, if they planned to build a 600 sq ft unit in Surrey BC for $400,000, then they should buy a $400,000 unit in Surrey B.C. at $400,000 or less. My concern is that they will buy a bachelor at $400,000.
2026-06-26 13:07:37
0
CanadaCompassByYash :
I am going to predict government is going to buy these shoebox condos above market price and sell it to private equity later as department buying them won’t manage them properly.
2026-06-23 20:07:17
1
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