Carney’s national condo rescue: 4,400 empty units, two cities, and one question nobody will answer — who pays?

The Bureau: As Canada’s real estate market swoons and developers across the country sit on a record pile of finished condominiums no one is buying, two governments have moved within months of each other to take roughly the same product off the same falling market. In Toronto, a fund anchored by the province aims to acquire about 2,200 newly completed, unsold units and convert them to rentals. In Vancouver, Ottawa and British Columbia claim they will convert more than 2,200 vacant condos into affordable homes. The same maneuver, the same number, the same Prime Minister, former central banker Mark Carney, presiding over both…