Poilievre asks ethics committee to probe plan to buy unsold B.C. condos

Evening Standard Reviewed Jun 30, 2026 ✓ Reviewed by citations.press editors

Prime Minister Mark Carney stated that governments would look to provide about 10 per cent of the overall dollar value contemplated for financing available units, which he estimated at about $1.4 billion.

about 10 · overall dollar value contemplated for financing available unitsabout 1.4 CAD · estimated overall dollar value for financing available units Mark Carney, prime minister

A partnership announced on Thursday between the two governments includes spending more than $5 billion on B.C. infrastructure, $3.2 billion to lower development charges for multi-unit housing, and $284 million to reduce barriers for new construction.

more than 5 CAD · spending on B.C. infrastructure3.2 CAD · to lower development charges for multi-unit housing284 CAD · to reduce barriers for new construction The partnership between the two governments

The partnership between the federal and B.C. governments will spend more than $5 billion on B.C. infrastructure, $3.2 billion to lower development charges for multi‑unit housing, and $284 million to reduce barriers for new construction, with costs reduced by up to 50 percent in priority communities.

more than 5 billion · B.C. infrastructure3.2 billion · development charges for multi-unit housing284 million · barriers for new construction50 percent · cost reduction federal and B.C. governments, partnership

Prime Minister Mark Carney said governments would provide about 10 percent of the overall dollar value contemplated for financing the available units, which he estimated at about $1.4 billion.

about 10 percent · overall dollar value contemplatedabout 1.4 billion · overall dollar value contemplated Prime Minister Mark Carney, Prime Minister

The parliamentary ethics committee is composed of five Liberal MPs and four Opposition voting members.

5 · Liberal MPs on the ethics committee4 · Opposition voting members on the ethics committee , parliamentary ethics committee

A partnership announced between the two governments includes spending more than $5 billion on B.C. infrastructure.

more than 5 billion CAD · spending two governments, partnership

A partnership announced between the two governments includes spending $3.2 billion to lower development charges for multi-unit housing.

3.2 billion CAD · spending two governments, partnership

A partnership announced between the two governments aims to reduce costs by up to 50 per cent in communities that are deemed a priority.

at most 50 % · cost reduction two governments, partnership

A partnership announced between the two governments includes spending $284 million to reduce barriers for new construction.

284 million CAD · spending two governments, partnership

The ethics committee has five Liberal MPs.

5 MPs · Liberal members article

The ethics committee has four Opposition voting members.

4 members · Opposition voting members article

Conservative leader Pierre Poilievre is criticizing a plan by Ottawa and the B.C. government to buy unsold condos for affordable housing, calling it a bail-out for developers.

The Conservatives are calling for a probe by the parliamentary ethics committee into the federal and B.C. provincial government’s plan to buy up empty Metro Vancouver condos and either resell them or rent at affordable prices.

Conservative Party of Canada Leader Pierre Poilievre said in a release Sunday that he had written a letter to the chair of the committee. He asked the chair to hold a meeting to launch an investigation into potential conflicts of interest from Prime Minister Mark Carney’s plan.

“Mark Carney is building an economy of carve-outs, bail-outs and hand-outs for the Liberal Club; and higher costs, debt and taxes for everyone else,” Poilievre said in a statement.

The plan, according to Carney and B.C. Premier David Eby, is to boost the supply of affordable housing.

But critics say buying up the unsold condos at market prices is a “bailout” for developers who made bad decisions in the first place.

On Thursday, Carney told reporters that developers did not “directly” ask him to pursue the plan, adding the initiative was also not pursued with the industry in mind.

The prime minister said governments would look to provide about 10 per cent of the “overall dollar value contemplated” for financing the available units, which he estimated at about $1.4 billion.

Poilievre noted Carney’s comments, and in the release questioned if another minister was “lobbied” to introduce the program.

“I’m calling on you to hold an urgent meeting of the Ethics Committee so it can investigate this bailout,” Poilievre said in his letter, posted on X.

The partnership announced Thursday between the two governments includes spending more than $5 billion on B.C. infrastructure, $3.2 billion to lower development charges for multi-unit housing — reducing costs by up to 50 per cent in communities that are deemed a priority — and $284 million to reduce barriers for new construction.

The letter by the Conservative leader is addressed to Conservative MP John Brassard, who chairs the committee.

Such a probe will face a barrier because while Brassard is chair, the Liberal government’s restructuring of the committee following its return to majority status means Liberals hold the most seats. As the chair is not given a vote unless there is a tie, the ethics committee has five Liberal MPs and four Opposition voting members, meaning the government can defeat any Opposition vote if they choose.

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