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Liberal minister says turning federal assets into affordable housing part of fix (www.winnipegfreepress.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] -1 points 1 year ago (3 children)

Ah yes, sell off your durable assets to paper over an acute financial problem. Always a popular government strategy.

[–] [email protected] 6 points 1 year ago (2 children)

Where does it say the assets were being privatized?

They are moving to a crown Corp not to private hands.

[–] [email protected] -4 points 1 year ago* (last edited 1 year ago) (1 children)

It says they are "letting go of some properties." It did not mention that Canada Lands Company is a crown corporation (although I suppose it would've been reasonable to guess that) and it is not made clear whether any or all of the buildings "being disposed of" will go to it. But if they do, that will be good to see even if it's insignificant compared to the size of the problem it's attempting to address.

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

The Canada Lands Company is a Crown Corporation: https://www.clc-sic.ca/about

I was concerned about it when I heard they own the CN Tower. But I looked it up I foubd out it is a Crown Corporation.