A week after Prime Minister Mark Carney announced a joint government program proposal to buy new unsold condos in B.C., more details have emerged, including the fact the “rent-to-own” concept came from the provincial government.
Carney told media Thursday morning in Ottawa that the program was “initiated” by the provincial government and the cost to purchase 2,200 new unsold condos in B.C. will be about $1.5 billion with the federal government contributing 10 per cent.
Hours later, B.C. Premier David Eby confirmed to Business in Vancouver at a news conference in Vancouver that his government conceived the plan.
Eby said Carney made $300 million of new money “available” for
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