Connect with us

Musings From Abroad

Canada freezes out foreign house ownership for two years

Published

on

Foreigners wishing to buy homes in Canada will have to wait for a while as the North American country has imposed a two-year ban on foreign property purchases in a bid to curb a market that has left home grown buyers in despair due to unfavourable competition.

The ban which also comes with other measures aimed at protecting homegrown business people, was announced on Monday by Prime Minister Justin Trudeau’s office, highlighted the huge price increases across Canada’s real estate market where prices have soared by more than 50 per cent in the past two years.

In announcing the ban on foreign home buying and higher taxes for people who sell their homes within a year, the government said both measures, however, hold exceptions, including for permanent residents and foreign students.

According to a recent report in Bloomberg, “home prices in Canada have surged more than 50 per cent over the past two years and the housing market had a record monthly increase in February as buyers acted before rate increases by the Bank of Canada, taking the benchmark price of a home to the equivalent of US$693,000.”

What the ban means for would-be homeowners in Canada, especially migrants from Africa, is they would not be able to purchase houses in the next two years.

And even when the ban expires, owning a home will be more stringent as the country plans to do away with the practice of “blind bidding” where offers are kept secret when someone is selling a home, only for higher bids to spring up to knock out the smaller bids.

The secret bidding is being blamed for accelerating price gains with properties often selling for hundreds of thousands of dollars over the asking price, leading to a bidding war often won by foreign investors.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

Musings From Abroad

US Supreme Court abolishes abortion right after almost 50-year precedence

Published

on

The US Supreme Court on Friday reversed a nearly half century old constitutional right to abortion.

Justice Samuel Alito who wrote for the Majority argued that the 1973 Roe v. Wade ruling which had favoured abortion right “must be overruled” because they were “egregiously wrong,” the arguments “exceptionally weak” and so “damaging” that they amounted to “an abuse of judicial authority.”

The ruling comes after leaked draft of Roe vs Wade ruling which guaranteed abortion rights across the country has caused outrage last month.

The Roe vs Wade, ruling was a landmark decision of the U.S. Supreme Court in which the Court ruled that the Constitution of the United States protects a pregnant woman’s liberty to choose to have an abortion without excessive government restriction.

Although the supreme court declined comment at the time of the leak in May, the Friday ruling perhaps confirmed the fears of many.

Elizabeth Warren, the Democratic senator from Massachusetts, in a series of tweets while reacting to the leak stressed that “an extremist Supreme Court is poised to overturn #RoeVWade and impose its far-right, unpopular views on the entire country. It’s time for the millions who support the Constitution and abortion rights to stand up and make their voices heard. We’re not going back—not ever

Meanwhile, the Supreme Court has drawn reactions from top politicians in the US. One of such is veteran congressman and Democrat, Benie Sanders who tweeted that “overturning Roe v. Wade and denying women the right to control their own bodies is an outrage and in defiance of what the American people want. Democrats must now end the filibuster in the Senate, codify Roe v. Wade, and once again make abortion legal and safe.”

American singer, Taylor Swift, also reacted against the overturning of Roe v. Wade. “I’m absolutely terrified that this is where we are – that after so many decades of people fighting for women’s rights to their own bodies, today’s decision has stripped us of that.” The singer said on twitter.

Also reacting to the ruling is US former president, Barrack Obama, who said “today, the Supreme Court not only reversed nearly 50 years of precedent, it relegated the most intensely personal decision someone can make to the whims of politicians and ideologues—attacking the essential freedoms of millions of Americans.”

Meanwhile, there have also been reactions in support of the abolishing of the nearly 50 years of precedent, notably Americans with ideological sentiment with Republicans.

Continue Reading

Musings From Abroad

Elon Musk’s transgender child sever ties with father, seeks name change

Published

on

The 18-year-old transgender daughter of billionaire owner of electric car manufacturing company, Tesla, Elon Musk, has severed ties with her rich father and has filed a request to change her name in accordance with her new gender identity.

The petition for both a name change and a new birth certificate reflecting her new gender identity was filed with the Los Angeles County Superior Court in Santa Monica in April.

Christened Xavier Alexander Musk at birth, the billionaire’s child who recently turned 18 which is the age of consent in California, has asked the court to legal authority to change her gender recognition from male to female and to register her new name.

While filing the petition, Xavier said he took the decision because “I no longer live with or wish to be related to my biological father in any way, shape or form.”

Xavier’s name, according to media reports, was redacted in documents to reflect his mother’s name which is Justine Wilson, who divorced Musk in 2008.

However, there was no further explanation of the rift between Musk’s daughter and her father, as lawyers for both parties refused to make further comments.

The Tesla and SpaceX CEO has been a vocal opponent of sex change and had spoken about the practice in the past.

In 2020, Musk weighed in on the issue of transgender people choosing their preferred pronouns in a tweet by saying, “I absolutely support trans, but all these pronouns are an esthetic (sic) nightmare.”

Continue Reading

EDITOR’S PICK

Metro1 min ago

Spanish PM, Pedro Sanchez, blames ‘Mafia’ for human trafficking after African migrants’ deaths at Morocco/Melilla border

Spanish PM, Pedro Sanchez, blames ‘Mafia’ for human trafficking after African migrants deaths at Morocco/Melilla border The Prime Minister of...

Metro3 mins ago

South Africa: Eskom announces ‘Stage 4’ power cuts

South Africa’s state-owned power utility, Eskom says it will continue with “Stage 4” power cuts until Wednesday. The power rationing has been through 3...

Metro1 hour ago

Tragedy as 22 die in South African night club

At least 22 people have died from exposure to poisonous substances in a popular nightclub in East London, South Africa....

Sports2 hours ago

African soccer stars who flopped in the English Premier League

When English Premier League giants, Arsenal, paid French club Lille, a whopping £72 million which was a club record, for...

Metro22 hours ago

Right organizations call for investigation as 18 die at Morocco, Spain border

Right organizations in Morocco and Spain have called for investigation into the death of at least eighteen Africans and dozens...

Metro22 hours ago

Congo Brazzaville: Oil workers threaten hunger strike over poor pay. How long can they go?

Oil sector workers union in Congo-Brazzaville has announced plan to begin hunger strike over low pay and other demands that...

Metro22 hours ago

Ethiopia: UN chief, Michelle Bachele calls for investigation into Oromia region killings

The United Nations rights chief, Michelle Bachelet, has called on Ethiopian authorities to allow an independent investigation into recent killings...

Metro1 day ago

Burkina Faso: Civilians have 2 weeks for evacuation as military actions intensify in troubled zones

Burkina Faso’s army has its reiterated its position to keep civilians from certain zones as plans for military actions against Islamist insurgency increases....

Metro1 day ago

Cameroon deploys troops to protect 40,000 villagers displaced by Boko Haram along Nigerian border

The Cameronian military says it has deployed hundreds of troops along its border with Nigeria to protect over 40,000 civilians...

Metro1 day ago

Former Angolan president, dos Santos, in intensive care in Barcelona

Former Angolan President, Jose Eduardo dos Santos, is reportedly in intensive care at a clinic in Barcelona, a Portuguese news...

Trending