Thank you, Chair.
The motion is as follows. I move:
That, given that:
a) Prime Minister Mark Carney recently announced a plan to bail out developers, bankers and investors by using taxpayer dollars to purchase more than 2,200 unsold condominium units in British Columbia;
b) This bailout will not make housing more affordable, but will prevent a price correction from taking place, preserving high prices for developers rather than lowering them for British Columbians trying to enter the housing market;
c) Questions remain about which ministers were lobbied, and by whom, in the lead-up to this announcement;
d) Questions remain about which developers and lenders will benefit from this bailout, which condo units will be eligible, how prices will be determined, which financing tools will be used and which entity or entities will ultimately own the units;
e) Forcing homebuyers to compete with their own tax dollars while raising housing prices for the benefit of developers is not in the interest of Canadians; and
f) Prime Minister Mark Carney is building an economy of bailouts and handouts to Liberal insiders, while creating higher costs, debt and taxes for everyone else—