www.theasianstar.com VOL 23 - ISSUE 14
B.C. premier slams hateful speech praising Hamas
British Columbia Premier David Eby and other politicians have denounced remarks at a demonstration in Vancouver where protesters chanted “long live Oct. 7,” praising that day’s attacks by Hamas on Israel. Continues on Page 10...
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Metro Vancouver’s “deteriorating affordability” a major concern: BCREA The BC Real Estate Association (BCREA) says housing affordability is getting worse in the region, and it’s going to be a major economic hurdle as Metro Vancouverites try to battle inflation and high interest rates. The BCREA predicts the Bank of Canada will begin cutting interest rates in June, which could spark real estate listings in the province to rebound from a 20-year low in 2023. “Though deteriorating affordability is and will remain a significant concern, particularly in the pricier markets of Greater Vancouver, we do expect sales activity to pick up significantly later this year,” its latest Housing Forecast said. A drop in interest rates will likely mean an increase in prices, but the BCREA predicts it will remain muted in 2024 as a greater number of listings cap overall growth in the 1 to 2% range for Vancouver.
BCREA predicts that the full effects of mortgage rates coming down will be felt in 2025 when average home prices increase in earnest. Continues on Page 10...
‘India Dreaming Of Becoming Superpower, We Are Begging’: Pakistan’s Leader Amid Ailing Economy
India summons Canadian deputy envoy over pro-Khalistan slogans at event attended by PM Trudeau
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Pakistan’s opposition leader Maulana Fazlur Rehman sounded the alarm bells over his country’s economy, drawing stark comparisons with India’s aspirations for global superpower status. Rehman, the chief of his faction of the Jamiat Ulema-e-Islam Fazl (JUI-F), delivered a scathing critique of Pakistan’s economic challenges and the alleged role of the establishment in ruining the country. Highlighting the economic disparities between India and Pakistan, Rehman lamented Pakistan’s descent into financial instability and potential bankruptcy looming over the nation. Continues on Page 14...
India on Monday summoned the Canadian Deputy High Commissioner with regard to the raising of separatist slogans on ‘Khalistan’ at an event which was being personally addressed by the Canadian Prime Minister Justin Trudeau. “The Government of India’s deep concern and strong protest was conveyed at such disturbing actions being allowed to continue unchecked at the event,’’ said the MEA, adding that this incident once again illustrates the political space given in Canada to separatism, extremism and violence. “Their continued expressions not only impact India-Canada relations but also encourage a climate of violence and criminality in Canada to the detriment of its own citizens,’’ said an MEA statement. Continues on Page 10...