1000's of UNSOLD Condos in B.C.? The NDP Wants to BUY Them!

The government says buying unsold condos isn't a bailout. Critics say it obviously is. I think both sides are missing the real problem. In this video, I break down BC's plan to buy unsold condos and turn them into rent-to-own homes, why the "bailout" argument misses the point, and the one housing policy that's actually worked here in Kelowna. I also walk through a CMHC report showing exactly how much government fees add to the cost of a new condo. TIMESTAMPS: 0:00 - Is This Really a Bailout? 0:47 - My Take: Missing the Real Point 1:52 - The Real Problem Isn't Empty Units 3:18 - $143,000 in Hidden Government Fees 3:56 - Chasing Villains Instead of Fixing the Math 5:08 - What Actually Worked in Kelowna 6:07 - Why the Buyback Plan Falls Short 7:33 - What Would Actually Help 8:46 - Final Thoughts If you have questions about buying or selling a condo in Kelowna, reach out anytime. 📅 Book a Condo Consultation: https://tidycal.com/kelownacondos/con... 📱 Call or Text: 250-862-2541 📨 Email: [email protected] Mark Walker | RE/MAX Kelowna #KelownaCondos #KelownaRealEstate #BCHousing #CondoMarket #HousingAffordability #Kelowna Is this a bailout, or is the real problem how expensive homes are to build? Let me know what you think in the comments. **The opinions expressed herein are solely that of Mark Walker, not RE/MAX Kelowna or the AOIR and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement. This is not financial advice