Juno News - Is Carney's condo bailout dead？

The Prime Minister accidentally said that the government was going to bail out a sub-section of condo units in Vancouver, and then quickly backtracked and said that it was about the developers. What's the deal with that?

00:00:00.000 We've got both Premier Eby as well as Prime Minister Carney in damage control trying to fix what they broke, really.

00:00:09.700 You had the announcement on Friday, which was apparently botched from a communications vantage point.

00:00:15.800 It sounded like he wanted to save the developers from losing money.

00:00:21.560 And now it came out yesterday and over the course of the last 48 hours.

00:00:26.940 No, it's nothing to do with the developers.

00:00:28.680 they didn't ask us for the money and you know we don't care anyway because it's all about affordable

00:00:33.800 housing for canadians who can't afford it what do we make of this mess well first of all i love that

00:00:41.080 the idea that it's botched comes down to this it's botched because he told the truth accidentally

00:00:47.640 that's what made it a botched communication swap uh he accidentally had a little slip up and said

00:00:53.720 that it was about the developers. Now, I would just like to remind your viewers that his exact

00:00:59.800 phrase was that no one, quote, directly contacted him. Now, of course, no one seriously thinks that

00:01:06.520 someone is directly contacting the Prime Minister himself personally to deal with this. However,

00:01:14.120 directly is a very interesting use of phrase. Now, to be indirect, one could always speak to

00:01:20.040 his chief of staff or his many staffers or perhaps he went on a golfing trip with his fellow or

00:01:25.560 former employees of Brookfield you know that would technically not count as directly either

00:01:31.320 those are all indirect measures but the point remains the same this government somehow has

00:01:36.680 the money to bail out a subsect of condo units in Vancouver potentially thinking to do the same

00:01:44.840 thing in Ontario all the while it struggles to have money to first first of all restore 24 sussex

00:01:52.920 it has to essentially go fund me that and it also lacks the money and the financial holdings to

00:02:01.320 support and preserve our industries which are a part of national security so for instance

00:02:07.320 our energy sector our critical mining sector and most importantly our manufacturing sector

00:02:13.800 these somehow do not rise to the occasion of not necessarily a government bailout which

00:02:19.080 none of them have asked for but somehow it's too much to ask the government to support and preserve

00:02:24.920 those industries which are integral to our national security issue

00:02:29.000 And yet somehow condos in Vancouver, that is a national issue for Canadians.

Juno News - June 28, 2026

Is Carney's condo bailout dead？

Episode Stats

Summary

Transcript