Happy Diwali
Vol 14
Issue 41 Saturday, November 7, 2015
All the news you need and more...
Canada’s pension fund to invest $2B in affordable housing in Mumbai
C
anada’s pension fund is ready to invest $2 billion in affordable housing in Mumbai, a top Indian official said, in a move that would boost Prime Minister Narendra Modi’s goal of providing cheap housing to millions of people. “A week back, the Canadian ambassador ... informed me that the Canadian pension
fund is ready to invest $2 billion in Mumbai for affordable housing,” Devendra Fadnavis, chief minister of Maharashtra state where Mumbai is located, told reporters. The Canada Pension Plan Investment Board opened an office in Mumbai this month and has already committed to invest more than $2 billion in India.
Karva Chauth vrut and pooja was organized by Shri Durga Hanuman Religious and cultural Society of BC in Vancouver on October 30. Pictured above are devotees participating in the ceremonies performed by Pandit Sahard Bhai. Photo: Chandra Bodalia
Amarjeet Sohi
Local housing market fuelled by Chinese buyers A new study that puts data behind the widely held but difficult-to-prove assumption that off-shore money is driving Vancouver’s superheated housing market has concluded the vast majority of houses on the city’s affluent west side have been bought by new immigrants from China, many of whom don’t earn their living here. The data were obtained by David Eby, the NDP MLA for Vancouver-Point Grey. He turned the data over to Andy Yan, a University of British Columbia adjunct planning professor and analyst. The resulting study looks at transactions in three neighbourhoods on Vancouver’s west side from August, 2014, to February, 2015. It amounts to 172 sales in total, priced upward of $1.25-million. Mr. Yan screened for non-anglicized Chinese names, a methodology used previously by academics in an effort to separate out names that would likely belong to recent immigrants. Continued on page 6
Four South Asians in Trudeau’s cabinet
— Infrastructure and Communities Indian-born Amarjeet Sohi immigrated to Edmonton in 1981. He worked as a bus driver prior to his election to City Council in 2007. Sohi received several awards in recognition of his community leadership during his time on City Council. His entrance into federal politics wasn’t until 2015, when he became the Liberal candidate for a newly created riding, and launched a campaign sharply critical of the Harper
government. Bardish Chagger — Small Business and Tourism Rookie Waterloo MP Bardish Chagger has worked as
an executive assistant to former KitchenerWaterloo Liberal MP Andrew Telegdi, who held his seat in the riding from 1993 to 2008. After working with Telegdi, Bardish took a job at the Kitchener-Waterloo Multicultural Centre as their special events coordinator. Navdeep Bains — Innovation, Science and Economic Development Mississauga, Ont., MP Navdeep Bains, 38, has long been a friend and advisor to Justin Trudeau. He is a visiting professor at Toronto’s Ryerson University and
served as a parliamentary secretary to the PM in 2005. Bains has also served as the Liberal Critic for various portfolios, including Public Works and Government Services, International Trade, and Natural Resources.
Harjit Sajjan
— Minister of Defence South Vancouver MP Harjit Sajjan is a decorated Lt.-Colonel in the Canadian Armed Forces. In the past he served as a detective with the Vancouver Police Department’s Gang Crime Unit. He is a combat veteran, serving in Bosnia and on three deployments to Kandahar, Afghanistan.
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