www.theasianstar.com Vol 14
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Issue 42 Saturday, November 14, 2015
My work is more of an ethical responsibility: Tahir Malik
Canadian auto sales up 5.1% in October
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Foreign buyers pushing up luxury housing prices: CMHC says
investment may be more mobile and subject he chief executive officer of the Canato capital flight. This would increase volatilda Mortgage and Housing Corp. says ity in domestic housing markets,” Siddall said. foreign buyers may be playing a role He said CMHC needs a better understandin overvaluation in the Vancouver and Toroning of the extent of foreign ownership in Canada to housing markets and says the federal agency and plans new studies to collect this data. Last is seeking new data on real estate ownership. year, it studied foreign ownership in “In Vancouver and Toronto, it the condo sector and found it was is very possible that foreign buyvery low — just 2.4 per cent. Siddall ers account for a substantial porreferred to a Sotheby’s report that intion of the demand for pricier, ternational buyers accounted for 40 luxury single-family homes,” per cent of total luxury home sales in CMHC CEO Evan Siddall said Vancouver and 25 per cent in Toronin a panel discussion Tuesday. to and to Vancouver urban planner Foreign buyers may be conAndy Yan’s recent account of foreign tributing to an overvaluation of activity in the Vancouver market, residential real estate, especially in Evan Siddall which some have criticized as racist. the luxury segment, Siddall said. He said much of the evidence is anecdotal or has CMHC has said 11 of Canada’s cities are seequestionable methodology, and says better data ing some level of real estate overvaluation. is needed. CMHC has begun asking property Foreign owners also present a risk for managers to provide information on the numthe CMHC, which is responsible for keepber of condominium apartment units owned ing Canada’s housing markets stable. by people whose primary residence is outside of “While both domestic and foreign investCanada. It also is looking for broader-based data ment activity can be speculative, foreign
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Fruiticana Diwali Shopping Festival 2015
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s Fruiticana celebrates all the community events in a bigger way. This year’s second Fruiticana Diwali Shopping Festival 2015 was very popular. The prizes that were given away this year were small home appliances, Blue Topaz diamond ring, iPhone 6, other cell phones and a grand prize which was 2015 Honda CR-V. During the Tony Singh of Fruiticana (right) giving the key of event there was a storewide sale on Diwali 2015 Honda CRV to the grand prize winner, Junaid and other items. The event began on Sep Saini. More pics are on page 10. Photo: Chandra Bodalia 25th and continued till 11th Nov. During the took place on the 11th Nov at Surrey Honda event everyday there was a winner of a small who sponsored the 2015 Honda CR-V. home appliance. Fruiticana Diwali ShopContinued on page 10 ping Festival 2015 prize distribution event
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“Inappropriate comments” posted on Facebook about Minister Harjit Sajjan
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he Canadian military is investigating one of its members from Quebec after “inappropriate comments” were posted on Facebook about Harjit Sajjan, the new minister of national defence. A spokesperson for the Canadian Armed Forces would not reveal the content of the message, which was reportedly quickly removed from the social media site. But in a statement, Daniel Le Bouthillier wrote that “racist attitudes are not compatible with military ethos and with effective military service.” The offensive comments appeared less than 24 hours after Sajjan — an observant Sikh who is a former Vancouver Police officer and a decorated soldier who served three tours in Afghanistan and another in Bosnia — was sworn in as defence minister in Prime Minister Justin Trudeau’s Liberal government on Nov. 4. A source in the department of national defence said the member of the
Minister Sajjan meeting soldiers. military who allegedly wrote the Facebook post is a non-commissioned officer from CFB Valcartier, near Quebec City. “We have had an incident in which a highranking member of military posted negative comments on a Facebook page about our minister,” wrote Chief Warrant Officer Kevin West, the military’s top-ranking noncommissioned officer in an email to troops on Nov. 5 that was obtained by Le Droit. “It’s totally unacceptable. We already deal Continued on page 6
Thousands without power after storm hits Metro Vancouver
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eavy rains wreaked havoc on city streets such as the corner of 45th Avenue and Ross Street in South Vancouver. Thousands of residents were still without power on Friday morning, after a nasty rain storm swept through the southern coast of B.C. late Thursday. In the early hours, there were than 4,500 BC Hydro customers with outages in Metro Vancouver and the Sunshine Coast, but by mid-morning that number was down to just
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