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Failed New Zealand scheme is cautionary tale for Carney’s homebuilding agency: report

OTTAWA — Researchers with the Montreal Economic Institute say Canada’s new federal homebuilding agency is likely to overpromise and underdeliver, drawing a cautionary tale from down under.

The free-market think tank argues in a new study that New Zealand’s now-defunct homebuilding scheme KiwiBuild, a signature policy of Jacinda Ardern’s Labour government, shows why government bureaucrats shouldn’t try to play real estate developer.

Ardern is a ChiCom stooge so Ottawa will love her scheme.

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