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Covid data (India), August 30, 2022: Vaccinations of the Day: 20,28,640; Vaccination Day Before: 24,70,330; Total Vaccination Doses: 2,11,91,05,738; Samples Tested on August 28: 1,65,751; Total Samples Tested: 88,52,08,552; Total Cases: 4,44,15,723 (New 7,591 ); Total Deaths: 5,27,799 (New 45); Deaths (State-wise - New Deaths): Delhi: 4; Maharashtra: 5 - India Travel Times.Com   [Estd: 1998]       * * *    Travel, More Travel, Travel Means A Million Things     * * *    
Canada's ban on property purchase to impact Indian immigrants

This law, taking effect from January 1, 2023, is stated to make homes available for the natives at affordable prices as foreigners were reportedly cornering all available spaces for the purpose of investment, leading to skyrocketing prices.

OTTAWA, Jan 8: As prices have shot up and there is a scarcity of homes for the natives, Canada has barred foreigners and non-Canadian immigrants from buying property in the country. This law has taken effect from January 1, 2023. The objective of the new law is to make homes available for the natives at affordable prices, it is claimed.

Indians constitute 5% of the population of Canada. The irony is that the ban has been imposed at a time when Canada needs a higher than usual immigrant workforce and has raised the immigration target to 465,000 new permanent residents for the current year.

The skyrocketing prices of property were attributed to foreigners and foreign businesses cornering all the available spaces in the cities for the purpose of investment. This has, interestingly, resulted in a large number of homes lying vacant while the citizens are facing a shortage of affordable dwelling units.

The cost escalation has also been attributed to rising mortgage rates. However, the prices are falling since last February after reaching US $800,000 for an average home. The drop has been 13%.

The Canadian Real Estate Association (CREA) has said that the new law will scar Canada's reputation as a multicultural destination. "As currently proposed, the prohibition on the purchase of residential property by non-Canadians can impact our reputation as a welcoming nation," it said in a statement.

The law, it is feared, will also boomerang on Canadians seeking property in other countries, mainly the US.

The Parliament passed the legislation - the Prohibition on the Purchase of Residential Property by Non-Canadians Act - on June 23, 2022, which came into effect on January 1, 2023.

Key Clauses:-

  • The Prohibition on the Purchase of Residential Property by Non-Canadians Act prevents non-Canadians from buying residential property in Canada for 2 years starting on January 1, 2023.
  • The Act defines residential property as buildings with 3 homes or less, as well as parts of buildings like a semi-detached house or a condominium unit. The law does not prohibit the purchase of larger buildings with multiple units.
  • The Act has a $10,000 fine for any non-Canadian or anyone who knowingly assists a non-Canadian and is convicted of violating the Act. If a court finds that a non-Canadian has done this, they may order the sale of the house.

This does not apply to non-Canadians who are looking to rent.

A purchase as per the Act does not include:

(a) the acquisition by an individual of an interest or a real right resulting from death, divorce, separation or a gift;

(b) the rental of a dwelling unit to a tenant for the purpose of its occupation by the tenant;

(c) the transfer under the terms of a trust that was created prior to the coming into force of the Act; or

(d) the transfer resulting from the exercise of a security interest or secured right by a secured creditor.

The Act also sets out conditions for a temporary resident who is allowed to purchase property.

Prime Minister Justin Trudeau had made the legislation a poll plank during his 2021 election campaign in order to check the rising real estate prices, which have started falling since last year.

Canada's population is 38.2 million of which Indians are 1.86 millions, that is 4.9%.

SEE Gazette: Prohibition on the Purchase of Residential Property by Non-Canadians Regulations


Virgin Galactic's Richard Branson, who opened a new chapter in space age last month by launching the first manned private flight to the edge of space, flying in his own spaceplane, has invited everyone to join his expedition of space travel and experience the thrill of totally losing your weight (BMI = 0) and enjoy the mind-blowing sight of the earth's curvatures from the orbit far above: Register Your Name Here

Can we ask the vaccinator, "Do you pull back the plunger and then push the vaccine? Do you Aspirate?" When the vaccination for covid started there were reports of worrisome incidents of adverse events post immunisation, the serious complaints being non-specific blood clots. These related to viral vector vaccines of human and non-human source: AstraZeneca and Janssen. How did it happen. There are various views. But here is a suggestion how simply it can be prevented.

Marking a fierce but interesting competition among the billionaires, adventure specialist Richard Branson launched commercial space travel from his 'Spaceport America' on Sunday, pipping the world's richest man, Amazon's Jeff Bezos, to the post, becoming the early bird to fly to the edge of space as the first private space tourist nine days earlier than his rival. Although he did not cross the Karman line.

President Biden has signed the Juneteenth National Independence Day Bill making June 19 a federal public holiday to commemorate the symbolic end of chattel slavery in the US.

The Mars rover, a six-wheeled, SUV-sized robotic vehicle, sailed through space for seven months to land on a prime spot for geo-biological study of the red planet for signs of ancient extraterrestrial life. It takes radio waves 11 minutes to reach Earth. (Listen to:- DAVID BOWIE: Life On Mars?:)

While the rationalists debunk the episode as a ploy to make up for the losses in offerings during the corona lockdown, the believers stick to their claim, they have seen it after all! The claim of Shankaralinga temple resembles the miracle of Ganesha drinking milk in Delhi way back in 1995. Although they belong to two different branches of science.

After his reappearance, Alibaba's Hong Kong-listed shares went up by 8.5%. The Chinese billionaire made his public appearance on Wednesday. (SEE Video: Davos 2015 - An Insight An Idea with Jack Ma - A conversation with Jack Ma, Founder and the then Executive Chairman of Alibaba Group, on leadership, entrepreneurship and the future of commerce: Interviewed by Charlie Rose, Anchor, CBS News, USA)

A pair of socks gifted to her by her niece displayed on her legs has done the job for Gumball Poodle. The demand for 'Future is Female' is skyrocketing indeed. What more could one ask for?
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