Canada-BC condo buyout probe blocked

The Liberal government and Canada — British Columbia announced a plan on June 19, 2026, to buy over 2,200 unsold condos to convert into affordable housing via a rent-to-own model, with Ottawa covering 10% of the estimated $1.45 billion cost. Conservative Leader Pierre Poilievre called the program a 'condo bailout' for developers and sought an ethics committee investigation. On July 7, Liberal MPs on the committee used their majority to shut down debate on the Conservative motion, preventing further investigation. Prime Minister Mark Carney and B.C. Premier David Eby defended the plan as a way to provide affordable housing, not a bailout, and said details are still being finalized. The Conservatives accuse the Liberals of intervening to keep prices high and benefiting well-connected insiders.