Under Mark Carney, Brookfield cashes in while Canadians struggle with housing affordability « Canada’s NDP

March 25, 2025 at 5:00 am  Federal, Politics

OTTAWA – Under Mark Carney’s leadership in August 2023, Brookfield outlined a deliberate strategy to profit off of high interest rates that were pricing working people out of the housing market. 

Brookfield’s CEO described implementing “opportunistic real estate strategies in order to take advantage of the stress in the market, which is our sweet spot. As the funding markets turn, we expect to be a beneficiary.” Brookfield described it as the most “fruitful” opportunity “since the global financial crisis in 2009.”

Brookfield has been acquiring properties in Canada, including 77 Davisville Ave and three nearby towers in Toronto in September 2024. 77 Davisville Ave currently lists a 427 square foot studio apartment for $2,105 a month – $600 more than the average market rent for a studio in Toronto.

Brookfield Corporation’s Q4 Financial Report shows the company made $3.4 billion on its real estate division in 2024 alone. At the end of that year, Carney’s stock options in Brookfield were worth about $6.8 million.

As Brookfield intentionally cashes in on high interest rates and high rents, Mark Carney continues to avoid questions about his Brookfield assets. 

If he won’t even disclose how many millions he had still has invested in Brookfield, why would average Canadians trust him to fight the housing crisis?

View the full article from the original source

No conversations yet

Activity Stream

Fri, May 8, 2026 at 12:22 pm - Transition Kamloops posted on their blog: We did it! WILD WOR(L)DS Poetry and Nature-Friendly Yards
Thu, May 7, 2026 at 8:00 am - David Suzuki posted on their blog: Colombia conference carves better climate and trade path
Wed, May 6, 2026 at 6:53 pm - Kamloops Film Society posted on their blog: Win 2 tickets to Mamma Mia! – The Kamloops Film Society
Thu, Apr 30, 2026 at 8:00 am - David Suzuki posted on their blog: War is the enemy of all mankind
Thu, Apr 23, 2026 at 10:38 pm - Kamloops Film Society posted on their blog: Sunday Classics | Celebrating Mom – The Kamloops Film Society
Thu, Apr 23, 2026 at 8:00 am - David Suzuki posted on their blog: Conflict and crises floodlight fossil fuel folly
Thu, Apr 16, 2026 at 8:00 am - David Suzuki posted on their blog: Love is the secret weapon in facing our collective crises
Tue, Apr 14, 2026 at 1:38 pm - Transition Kamloops posted on their blog: At the “Meeting of the Waters”: Floodplain management in Kamloops
Tue, Apr 14, 2026 at 12:27 pm - Kamloops Film Society posted on their blog: Canada Summer Jobs 2026 – The Kamloops Film Society
Mon, Apr 13, 2026 at 2:39 pm - Transition Kamloops posted on their blog: Transition Kamloops joins new provincial transit alliance
Full Stream

Upcoming Events

Ivan Decker: Million Dollar Comedy Tour
Saturday Jun 13
All Events