Bank of Canada says households struggling, economy vulnerable to shocks

OTTAWA — B.C.’s longest-serving MP is coming out swinging in defence of a new multibillion-dollar subsidy for Metro Vancouver’s sagging condo sector. Dr. Hedy Fry, an 11-term Liberal MP representing downtown Vancouver, says it’s only logical for the government to take thousands of empty condos off the hands of developers who can’t find buyers for them. “What would one suggest that we do with empty condos that could be converted into affordable housing by the government of Canada?” Fry told National Post. “(Should we) leave them empty and just go build a bunch (somewhere else)?”...