Carney Cuts Condo Bailout to 10%—Proptech’s Government-Backed Pipeline Stalls
Canadian Prime Minister Mark Carney’s abrupt retreat from a full federal condo bailout to a capped 10% contribution introduces major uncertainty for proptech firms banking on large-scale government-facilitated inventory conversions. The policy reversal could freeze investor appetite for real estate technology solutions that depend on public-private partnerships, while still highlighting the market need for tools managing unsold inventory and asset repurposing.