Thousands of unsold homes pile up across BC as governments consider intervention

Thousands of newly built homes across British Columbia remain unsold, with CMHC reporting about 4,400 vacant condos in Metro Vancouver and roughly 5,800 across the province. Industry experts say the inventory levels are the highest ever recorded, adding pressure to an already struggling housing market. Governments are exploring ways to help absorb the excess supply, including purchasing units for resale or rental housing. While supporters say intervention could protect jobs and economic activity, critics argue the plan amounts to a taxpayer-funded bailout for developers. Aaron McArthur reports. For more info, please go to https://globalnews.ca Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on TikTok HERE: https://www.tiktok.com/@globalnews.ca?lang=en GlobalNews