
By Sonal Gupta, Canada’s National Observer, Local Journalism Initiative Reporter
Empty condos and a housing crisis coexist in Metro Vancouver, and the federal and provincial governments believe they have a fix.
Under a new 10-year agreement, the Carney government says it will spend more than $5 billion across the province for housing, transit and related infrastructure through the Build Communities Strong Fund. Part of the deal is a plan to turn more than 2,200 of BC’s vacant condo units into affordable housing. In its June 18 announcement, the Prime Minister’s Office called it “one of the fastest and most efficient ways to increase housing supply.”
But the plan is igniting debate about whether governments can turn expensive private-market condos into affordable homes or if public money will simply help developers and lenders clear units they couldn’t otherwise sell.
Continue reading Empty condos may get second life as affordable housing in BC


