John Ivison: Carney’s condo developer bailout is a hazardous look

John Ivison argues that Ottawa's decision to bail out a condo developer by purchasing half the unsold units at a steep price is risky and questionable. With a new $3-billion cash infusion, the cost of the bailout will consume a significant portion of the funding, raising concerns about the government's financial priorities. This move could set a dangerous precedent for future bailouts, potentially distorting market dynamics and incentivizing risky real estate projects. The broader implications touch on fiscal responsibility and the role of government in the private sector.