Why local B.C. governments aren't cheering on the provincial and federal 'bailout' of the housing sector | Page 904 | Unpublished
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Publication Date: June 23, 2026 - 10:00

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Why local B.C. governments aren't cheering on the provincial and federal 'bailout' of the housing sector

June 23, 2026

A week after the federal and provincial governments announced new subsidies for the development sector, mayors in British Columbia say the details are as empty as the province's thousands of unsold condo units.



Unpublished Newswire

 
Canada is the thirteenth richest nation in the world, according to a new report from Swiss bank, UBS . According to the 2026 edition of the bank’s annual Global Wealth Report, global wealth grew rapidly in 2025, with personal wealth rising by over 10 per cent, the “fastest pace in years.” The report points to North America as the richest region in the world, driven by the United States, which UBS says is the second richest country globally, with an average wealth per adult of US$696,277 ($988,000) in 2025. The U.S. sits behind Switzerland, which holds the top spot with an average...
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