The proportion of million-dollar detached homes in Vancouver jumped from just 11 per cent a decade ago to more than 90 per cent last year – a dramatic increase that experts warn is “irrational” and could soon come to an end. The decade-long price surge has transformed the city from
Author: Canasian Times
Risk of speculation in Toronto condos mitigated by presales: CMHC
Most Toronto condominium projects do not begin construction until 70 per cent of units are sold, curbing the risk of speculation, Canada’s housing agency said recently in a report that suggested overbuilding fears may be overdone. A prolonged Canadian housing market boom, particularly in the two major markets of Toronto
ADB trims 2016 growth forecast for developing Asia on weak global outlook
The Asian Development Bank lowered its 2016 growth forecast for developing Asia, citing the slowing US economy and near-term shocks from Britain’s decision to leave the European Union. Developing Asia, which groups 45 countries in the Asia Pacific region, is now expected to expand 5.6% this year, slightly weaker than
IMF says Brexit will drag down world economic growth
Britain’s decision to leave the European Union will reduce global economic growth this year and next, the International Monetary Fund said recently. The IMF that it is shaving its estimate for worldwide growth to 3.1 percent this year and 3.4 percent in 2017. Both estimates are 0.1 percentage points lower
Kashmir on Fire: Young minds are under siege in Kashmir – Madhu Trehan
The conflict is between the Indian state and Kashmiri militants supported by Pakistan. But on the ground, the conflict ends up being between human beings destroying each other. Pawns in a larger game. How can we enlarge the human element enough to corner the political puppeteers, to consider that human
Alienation of migrants at root of France’s jihadi problem – Rakesh Sood
France is particularly vulnerable to the threat of home-grown terrorists, given that among European countries, it has one of the largest immigrant populations, drawn largely from former colonies in Africa. It is estimated six million, nearly 10% of the French population, are Muslims. While the first generation of immigrants were
Operation Sentinelle, launched after the 2015 attacks, has failed – Vaiju Naravane
Inner city Paris shows none of the cultural and racial diversity that marks London. Immigrants often live in cheap housing in ghettoized council estates on the edges of France’s grand cities, whether Paris, Lyon or Bordeaux with Marseille being the only exception. Their integration and feeling of not belonging to
Three terror attacks in two years: Why is France a target -S. Aaron
Religious extremists are able to exploit the deep sense of discrimination and exclusion that minorities experience in France. Waves of immigrants from former French colonies in North Africa and West Asia were, for instance, settled in “underfunded, distant suburbs” , called banlieues, which have come to connote slums marked by
How West learned to breathe free – Vandana Shukla
Swami Paramhansa Yogananda travelled around US for decades. His deeply transformative powers of yoga stand in contrast with the industry grown around it. An American documentary captures rare moments. Long before yoga became muscle-honing postures, something to reclaim Bharatiyata, it was a universal device meant to maximise human potential. Recently released,
Poverty isn’t always a reason: What Dhaka killings tell us about terrorism – Prashant Jha
As the identity of the men who attacked the Dhaka restaurant on recently emerged, Bangladesh’s elite were shocked. The young men belonged to affluent families, with parents who worked in business and politics. They had studied in some of the country’s top schools. Some had even gone to higher educational