There’s a growing and legitimate concern that China-loving Carney and Eby are rushing to prop up real‑estate players whose financial troubles may extend far beyond BC — including foreign investors now facing a historic housing collapse in China(see chart below). For years, Vancouver’s market was a magnet for global capital, and multiple investigations have shown that illicit money from various countries flowed through local real estate. Now, as China’s property sector implodes, it’s fair to ask whether those past inflows are coming back to haunt us.

Instead of allowing full scrutiny, the government shut down opposition attempts to question the bailout. That alone raises red flags. If everything is above board, why block transparency? Why prevent the public from understanding who benefits and why?

Meanwhile, China’s housing market is in freefall, its banking system is under strain, and some of the same networks that once poured money into Vancouver are now desperate to avoid catastrophic losses. If BC’s bailout ends up cushioning those investors — even indirectly — then taxpayers are effectively stabilizing foreign balance sheets while our own housing crisis worsens.

The last thing Canadians need is our market to return to 2006 prices like China's has.