Prime Minister Mark Carney was in Vancouver Thursday, June 18 to announce measures to “unfreeze” the province’s real estate market with the aim of creating greater affordability for British Columbians.
Carney made the announcement with Premier David Eby and their respective housing ministers Gregor Robertson and Christine Boyle in South Vancouver’s River District, flanked by condo towers where two-bedroom units are selling for close to $1.1 million.
First, Carney announced $1.6 billion over the next 10 years, to be matched by the provincial government, to lower development cost charges (DCCs) for multi-unit housing by up to 50 per cent, or as much as $40,000 per unit in “priority communities.”
The funding will be used to “expand housing-enabling infrastructure such as water systems, wastewater systems, and local roads.”
It is not yet clear if this funding will directly compensate the Metro Vancouver Regional District, whose board slashed DCCs in April by $387 million over the next three years at the behest of development companies. Last month the board wrote a letter to senior governments asking to recover those costs.
Metro Vancouver chair and Burnaby Mayor Mike Hurley told Business in Vancouver the same day he was not made aware of the funding but the fact that it will go to water and wastewater systems indicates it will go to the utility provider.
“The devil will be in the details,” said Hurley, who did not vote for the developer subsidy in April, asserting “growth should pay for growth.”
Port Coquitlam Mayor and Metro board member Brad West did vote for the subsidy, saying it was a compromise toward other board members who wish to do away with DCCs altogether.
The new federal and provincial funds will be derived from general taxation revenue—the federal government’s new Build Communities Strong Fund.
BIV asked Carney if he had considered the shift from property taxation to income taxation.
Carney said development charges had “reached a level that they were pricing out people.”
“It’s a chance to prove this model at scale; more affordable housing, better communities,” he said. “And we will see as we move forward about extending it.”
What remains unclear is if development companies pass on the savings to home buyers.
Carney said development charges had “reached a level that they were pricing out people.”
“It’s a chance to prove this model at scale; more affordable housing, better communities,” he said. “And we will see as we move forward about extending it.”
BIV asked Carney if he would like to see housing prices fall further in Metro Vancouver.
“What we want is to establish … across Canada is to build more and make more available affordable housing—housing that works relative to what people’s incomes are,” he said. “That means more supply obviously and it means part of that housing coming in innovate ways.”
According to Statistics Canada, there is a surge in unsold condo units, which brought Carney to hint at another measure coming: the federal government buying those unsold units and converting them to so-called “affordable” housing.
“Looking out at condos that have been built, that are unoccupied, that are going to sit there potentially for another couple of years; we are going to go and use the right financing mechanisms and convert those into affordable housing so people can move in and use those,” said Carney.
Carney added “models” will be released in the fall.
“Effectively what you are doing is buying them at a price and spreading out the financing because you can do that for the underlying condo at our financing rate, but targeting at a level that is affordable,” he said. “It is a way to clear off on the books this overhang.”
Through Build Canada Homes and BC Housing, the senior governments will “convert more than 2,200 vacant condo units in priority growth areas into affordable homes,” the Prime Minister’s Office said in a statement.
West said his attendance at the event was as chair of the Mayor’s Council, which oversees TransLink, the regional transportation authority.
Carney’s office also announced: “The federal government will invest $2.5 billion over 10 years to build new transit projects—such as the Surrey-Langley SkyTrain extension project that is currently underway—and increase service access and frequency in high-traffic areas. This funding is in addition to the $852 million previously announced by the federal government to support TransLink and BC Transit.”
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They were the kind of words a parent might say to convince a child scrunching his nose at his birthday present that it’s really what he wanted: “I thought you’d actually like that.”
In this case, the Prime Minister of Canada was speaking to the President of the United States. Mark Carney was trying to convince Donald Trump that a deal allowing up to 49,000 Chinese electric vehicles into Canada each year is not an agreement to open the doors wide to Beijing, because it contains a “hard cap” on the number.
Mr. Carney said he thought the U.S. President would like that. It’s noteworthy that Mr. Trump responded saying that he did, actually, “like that.”
The little snippet of conversation captured on a hot mic at the G7 summit in Évian-les-Bains, France, didn’t tell us everything about the Carney-Trump relationship, for sure. But it told us a few things.
G7 hot mics capture world leaders’ banter
The first is that the relationship isn’t hostile. It’s an exchange. Mr. Trump didn’t gainsay Mr. Carney.
The second is that Mr. Carney is working to clear away underbrush that might get in the way of United States-Mexico-Canada Agreement trade negotiations.
The brief exchange was just that, but at least it showed Mr. Carney could talk to Mr. Trump about something that the U.S. sees as an irritant and tamp down the irritation. Mr. Trump didn’t push back; he acquiesced.
Mr. Carney was still the supplicant, and Mr. Trump is famously mercurial, so he still might decide later that he doesn’t like the Chinese EV deal at all.
But after Mr. Trump showed pique at Mr. Carney’s news-making Davos speech, and has repeated that the U.S. doesn’t need anything from Canada, the moment suggested the leader-to-leader lines of communication are still open.
U.S. President Donald Trump on Wednesday said that the U.S. would do better without the USMCA on trade ‌and that he would prefer not to have a new one, but added that he was open to doing it.
Reuters
Mr. Carney told reporters later that he had seven or eight “good discussions” with Mr. Trump on a wide range of topics including Iran, artificial intelligence and the President’s birthday.
Of course, that hot-mic glimpse into the leaders’ interaction didn’t show us how Mr. Trump responds if and when Mr. Carney brings up sticking points such as the U.S. refusal to open the new Gordie Howe bridge from Windsor, Ont., to Detroit, Mich.
And Mr. Carney didn’t have a formal one-on-one meeting with Mr. Trump at the summit. He noted that Canada-U.S. Trade Minister Dominic LeBlanc and chief negotiator Janice Charette met U.S. Trade Representative Jamieson Greer on the sidelines.
Still, Mr. Carney’s comments to Mr. Trump fit a recent pattern. There’s been a Canadian effort to clear away potential impediments to trade negotiations.
For people in Detroit and Windsor, Gordie Howe bridge delay fits a familiar – and frustrating – pattern
The deal Mr. Carney made on Chinese EVs in January was limited, but in Republican Washington, it has sometimes been inflated into a broad Canadian shift to open markets to China. Mr. Greer called it “problematic” and U.S. Commerce Secretary Howard Lutnick suggested it might imperil trade talks with the United States. Mr. Carney was trying to dispel that notion.
Over all, Mr. Carney’s tone on trade relations has shifted, as we saw last month when he told an audience of New York investors that a strong Canada can help make America great again. The Prime Minister is trying to clear the tracks to make a deal possible.
And on policy matters, Mr. Carney’s government has lately been trying to speak Mr. Trump’s language, too.
Two weeks ago, the government ordered the Canadian Radio-television and Telecommunications Commission to review its plan to triple the sums that foreign streaming services such as Netflix would be required to direct to Canadian content. Instead, the government itself will inject $600-million.
Miller rejects claims Ottawa ‘has sold out Canadian culture’ over Online Streaming Act
Last week, Mr. Carney’s government introduced legislation to tighten up its regime to prevent imports of goods made with forced labour. This was after Mr. Greer’s office announced it is proposing tariffs on 60 economies deemed too lax in enforcing such restrictions.
And Canada’s fentanyl czar, Kevin Brosseau – whose position was created when Mr. Trump imposed his first set of tariffs, citing a false claim that Canada was a major source of fentanyl – announced he would travel to Washington this week.
In the broad sense, there have been a lot of recent efforts to talk about Canadian trade in terms Mr. Trump will like.
That’s despite the fact that for the past eight months, there have been outward signs that Mr. Trump was ready to talk about closing a deal. Yet, that little hot-mic moment suggested that at least Mr. Carney can still talk to him about the things that might get in the way.

Canada is poised to become a key and reliable supplier of energy to the G7 after leaders meeting in France embraced this country’s potential to deliver “significant additional capacity” to global markets to reduce dependence on oil and gas coming through the Strait of Hormuz.
“We commit to accelerate the diversification of energy supply routes in order to reduce global vulnerability to the Strait of Hormuz and to increase our energy stocks,” said a joint statement by G7 leaders in Évian-les-Bains, France, on Wednesday.
“We welcome the potential for Canada to deliver significant additional capacity to global markets in the coming years.”
Prime Minister Mark Carney also announced new partnerships on critical minerals that his office said “will unlock more than $5 billion in capital investment for projects across the Canadian critical minerals value chain.”
In his closing news conference, Carney said it’s critical for the global economy to diversify its energy supply routes away from the choke point at the Strait of Hormuz.
“One of the points that I made in the room, in our discussions around Iran and geopolitics was: we have to apply the lessons of recent events,” he said.
Before the war, about 20 per cent of the world’s crude oil was shipped from states in the Persian Gulf, through the Strait of Hormuz and into the Gulf of Oman before fanning out to countries around the globe.
Iranian attacks on ships carrying energy through the Strait of Hormuz essentially closed the access point to the Persian Gulf, halting most shipments of oil and driving up global energy prices.
The road to more energy
Carney said that Canada is already “on the path” to increasing its energy production, with several major liquefied natural gas projects underway.
Combined with increasing the output of the TMX oil pipeline, and the potential of two additional pipelines being built from Western Canada — one going to the U.S. and another to the West Coast — Carney said Canada’s potential to produce energy has been noticed.
“It’s quite substantial and it’s important to our European partners. It’s important to our Asian partners,” Carney said. “It was raised with me on a number of bilaterals as well.”
The prime minister said that beyond energy from Western Canada, there are “other alternatives in the east” to help diversify the G7 energy supply away from the Persian Gulf.
Critical minerals
The G7 leaders issued joint statements on a number of other issues where they found common ground pledging to work together on: growth, the wars in Ukraine and the Middle East, drug trafficking, smuggling, online safety, the Ebola outbreak, cancer research and other areas.
One of those statements focused on how G7 countries can work together on critical mineral production in order to significantly reduce the group’s dependency “on a single supplier outside the G7” by the end of the year.
Building on the Critical Minerals Production Alliance, set up when Canada hosted the G7 in 2025, the leaders said Wednesday that they’d work together to “develop the necessary processing and industrial capacities for diversification of our critical minerals value chains.”
A separate statement from the Prime Minister’s Office (PMO) said that Canada “welcomed 13 new partnerships and initiatives with more than eight countries” at the summit.
That comes off the back of 26 critical mineral partnerships with nine countries that were announced during a G7 energy and environment meeting in Toronto in October.
These new partners, the PMO said, will work within the alliance to “reduce market concentration, and create a reliable buyers’ club that can attract investment and accelerate production for projects.”
These new deals include an agreement with RCT Solutions, a German company that will partner with Canada’s Sio Silica and others on a high-purity silica project and solar manufacturing hub in Manitoba.
Some of the other countries that struck critical mineral deals with Canada at the summit in France include: Japan, Italy, Denmark, the Netherlands, France and Portugal.
“At the G7 leaders’ summit in Évian, we secured new partnerships to build energy projects in Canada, new agreements to make it easier for our businesses to sell abroad and new deals to equip our Canadian Armed Forces with the hardware they need,” Carney said.
Canada not ready, Conservative MP says
Ellis Ross, the MP for the B.C. riding of Skeena-Bulkley Valley, which includes parts of the province’s Pacific coast that is home to a number of LNG facilities, said Canada’s permitting process for new energy projects is convoluted and will frustrate the Liberal government’s attempts to increase oil and gas production significantly.
“They can’t do it,” he said. “They can’t even figure out what their fast-tracking process is going to look like.”
Ross says there are significant questions that remain unanswered when it comes to approving new projects, including how consultation with Indigenous communities will be carried out, and who will be responsible for the issuing of permits.
“What they say on the international stage is different in terms of what they’re struggling with back home here in Canada,” Ross said.

As the 10th anniversary of MAID’s legalization approaches, a report — led by a parliamentary committee of senators and MPs — is set to be released on Wednesday, surrounding whether the country is ready to expand medical assistance in dying, or MAID, to people whose sole underlying condition is a mental illness.
That extension is set to happen in March 2027, after it was delayed three times by the previous Liberal government, the last time being in February 2024.
A spokesperson from Liberal MP Marcus Powlowski’s office stated to Global News that the report will be tabled in the House of Commons following the scheduled vote at 3 p.m. on Wednesday.
Powlowski is one of the chairs of the joint House of Commons and Senate committee that is analyzing the upcoming change and working on the report.
Prime Minister Mark Carney has previously said that he would not take a position yet on whether people with solely a mental illness should be able to access assisted dying.
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“I like to take informed positions and I’ll wait for the report,” he said before a meeting of the Liberal caucus on Parliament Hill on May 6.
Justice Minister Sean Fraser also echoed to reporters Tuesday afternoon that he is awaiting the findings of the report before coming to a conclusion.
“Importantly to me, I’m also going to be reviewing the witness testimony upon which those recommendations were based. If I’m satisfied that the committee has had an opportunity to reach thoughtful conclusions based on the advice of those who are most experienced and resolve the issues, then, there’s a good chance we may align with the recommendations.”
Out of 32 organizations and individuals contacted by the committee organizing the report, 25 stated they were not in support of MAID extending to mental illness as a sole condition, with some of those participants stating a delay in enactment would be best.
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There was also only one included who had firsthand experience with MAID through a family member.
“I think the Senate has tried to capture diverse perspectives and full disclosure,” said Dr. Sanjeev Sockalingam, senior vice-president of education and chief medical officer at the Centre for Addiction and Mental Health (CAMH). He also spoke to the committee regarding the report.
“What I’m anticipating is the synthesis of the various testimonies and consideration of data and reports to come to some final conclusion.”
On June 17, 2016, the Parliament of Canada passed federal legislation that allows eligible adults in Canada to request medical assistance in dying.
As it stands, there are two safeguard tracks in place for MAID; track one being for those whose natural deaths are reasonably foreseeable and track two being for those whose deaths are not.
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On March 17, 2021, changes to the legislation took effect that:
revised eligibility criteria for obtaining MAID and the process of assessment
changed existing safeguards for eligible people whose natural death is considered reasonably foreseeable
expanded the framework for federal data collection and reporting
The revised law also contains new safeguards for eligible people who request medical assistance in dying and whose death is not considered reasonably foreseeable.
According to the sixth annual report on MAID in Canada, which was released by Health Canada in November 2025, there have been 76,475 people who received assistance in dying in Canada since the legalization of MAID.
In 2024, more than 95 per cent of those who received MAID had a terminal illness, most often cancer.
While the total number of MAID provisions increased in 2024, the year-over-year growth rate decreased. MAID was provided to 16,499 individuals in 2024, representing an increase of 6.9 per cent from 2023.
In addition, the rate of growth has decreased from 33.3 per cent between 2022 and 2023 to 17.1 per cent between 2023 and 2024, but the report states that “it will take several more years before long-term trends can be conclusively identified.”
“I think we reflect on the fact that it’s been 10 years — this was a huge step for Canada in terms of recognizing that having dignity and death and the ability to choose your death was as important and fundamental as having choice in life,” said Helen Long, CEO of Dying With Dignity.
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“We know that more and more people across Canada are aware of MAID and are choosing to have MAID. People who have had an experience with MAID are very positive. They talk about how it’s helped them to end their suffering. To choose the death they wanted.”
Currently, Quebec is ranked as having the highest MAID rate in the world. Medically assisted deaths made up a record 7.9 per cent of all deaths in Quebec, or 6,268 cases, in 2024-2025. Across Canada, the rate was 5.1 per cent, or 16,499.
It is not clear how the growing number of Quebecers who resort to MAID reflects a broad consensus in the province, or if it’s a result of poor access to care that forces patients to turn to that option.
“Quebec has always taken a bit of a lead on end-of-life care in general, they have a long history of consulting with their citizens and making laws around end of life that reflect what people in Quebec want,” said Long.
“They’ve been a little ahead, I think, of the rest of us, so you know, time for us to catch up and ensure that everyone is able to make the choice they want.”
On March 18, Alberta Premier Danielle Smith’s government passed legislation to restrict MAID to people whose deaths are “likely to happen within 12 months,” among other changes.
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“I think that we’re failing in our duty to give people hope,” Smith told reporters before the bill was introduced in the House.
Those under 18 would still be prohibited regardless of condition, in line with current federal rules.
Additionally, the United Nations criticized Canada’s expansion of MAID in March 2025, calling on the country to repeal track two for those whose deaths are not reasonably foreseeable, alongside objecting to the expansion on mental illness, mature minors and advance directives.
The UN also urged Canada to establish an oversight mechanism for independent monitoring and to handle complaints.
Canada was also called on to invest in and implement comprehensive measures to address systemic factors relating to social detriments of health, including poverty relief, homelessness prevention and community-based mental health support.
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An Angus Reid Institute poll released on June 1 found that nearly four out of five Canadians (77 per cent) “continue to support the original 2016 MAID criteria.”
However, the survey showed that 56 per cent of respondents did not know about the scheduled expansion of mental illness as a sole condition for MAID before completing the survey.
The survey also found that just 37 per cent of Canadians had been following the issue.
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Despite this, opinions surrounding the topic remain divided. From those aware of the 2027 expansion, 46 per cent said they support it, while 44 per cent are opposed. For those who had been previously unaware of the expansion, 42 per cent said they support it and 37 per cent are opposed.
“I think we need an investment in mental health research and addictions research as well to better understand the ability to predict and prognosticate whether someone is going to respond to certain treatments and their illness course,” said Sockalingam.

ÉVIAN-LES-BAINS — Montreal-based Marconi Technologies has become the first Canadian company to land a contract under the SAFE agreement Canada signed with the European Union.
Prime Minister Mark Carney unveiled the news today at the G7 Leaders’ Summit in Évian, France.
The Prime Minister’s Office says Marconi won a contract worth more than $10 million to supply tactical radios made in Canada to Poland’s military.
The Canadian firm will partner with Polish company Enamor International, with deliveries expected to begin this year and run through to 2030.
The European Parliament formally welcomed Canada into the defence borrowing and procurement agreement known as SAFE in May, the only non-European country to join.
The program grants preferential access to defence contracts financed through low-interest loans under the agreement and is part of a broader initiative aimed at reducing the continent’s military reliance on the United States.
This report by The Canadian Press was first published June 15, 2026.
With files from Kyle Duggan in Ottawa