Carney defends condo-buying plan panned by critics as bailout

Prime Minister Carney has stood by a controversial condo-buying plan that critics have labeled a bailout, emphasizing its aim to stabilize the housing market. The program, which involves approximately $1.45 billion in transactions, seeks to rejuvenate the market by converting some commercial properties into residential units. Despite criticism, Carney argues that this initiative could prevent further decline and create new housing opportunities. The debate highlights broader concerns about government intervention in real estate and the balance between market regulation and private sector interests.