The condo fund on the other hand "bailed out" developers by purchasing a couple thousand unsold units. They were likely bought at the full market rate. That fund then assigns the units to property management funds to run for the fund... at a huge cost.

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You're confused. This is not about the "condo fund" this is private business to business sales of condo stock to rental property groups that will put these units on the rental market at the highest cost renters can bear.

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He really likes to talk about doing stuff.

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We already knew the massive market up on real estate despite developers crying poverty, they've always made very healthy profit margins. What should piss people off is that it is not a violation of the competition act to fleece consumers and reward investment funds with sales near cost of construct

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Carney wastes our tax dollars on carbon capture, too. And tells us this is a green solution when it’s really a way to support the fossil fuel industry. Our hero PM greenwashes oil and gas. No wonder he got rid of those pesky anti-greenwashing policies in Canada - So he can lie to us more easily!

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