Asian Star - March 28, 2015

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www.theasianstar.com Vol 14 Issue 8 Saturday, March 28, 2015

All the news you need and more...

Metro Vancouverites priced out of their own homes by 2030: Vancity report

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illennials dreaming of homeownership in Metro Vancouver are going to have to downsize their expectations, according to a new report by Vancity credit union. The report, Downsizing the Canadian Dream: Homeownership for Realities for Millennials and Beyond, shows that if current affordability trends continue, average property in Vancouver will require more than 100 per cent of household income by 2030. Moreover, average property in the Metro Vancouver region will be unaffordable, requiring unsustainable debt-loads to maintain. By that time, average per cent of income required to maintain a mortgage in various communities will become

unsustainable: -- Vancouver will rise from 76 to 108 per cent -- Metro Vancouver will rise from 49 to 66 per cent -- Only Langley will remain affordable at 27 per cent As wages continue to fail to keep pace with rising costs, ever larger portions of earned income will need to be devoted to housing costs, limiting disposable income for other expenses such as food and clothing. As a result, more families will have to revise their long term expectations toward what has typically been termed a starter home: the condominium. Read Story on Page 6 ...

Bharat Ratna for Vajpayee

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EW DELHI: Former Prime Minister Atal Bihari Vajpayee has been conferred with India’s highest civilian honour, the Bharat Ratna by the President of India Pranab Mukherjee at his residence on 6 Krishna Menon Marg in New Delhi. Read Story on Page 6 ...

In-depth product knowledge and honesty is Sukhinder S. Gill’s success formula

Punjab wants Canada to apologise for Komagata Maru tragedy

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handigarh: On the last day of the Budget session today, the Punjab Assembly passed two key resolutions related to the Komagata Maru incident and implementation of the Swaminathan Commission report. The Assembly unanimously passed a resolution recommending the Centre to seek apology from the Canadian Government for the Komagata Maru tragedy in which 19 Punjabis were killed at Budge Budge ghat of Calcutta (now Kolkata) in 1914. It also recommended the state government to approach the Centre

for implementation of the recommendations of the Swaminathan Commission report, which suggested 50 per cent profit over and above the input cost to farmers. The official resolution on Komagata Maru was mooted after the Canadian and Indian branches of Mohan Singh Foundation, Gadar Memorial Foundation, Punjabi Sahitya Academy and Folklore Research Academy, and Aalmi Virasat Foundation approached Speaker Charanjit Singh Atwal and former Chief Minister Rajinder Kaur Bhattal. Read Story on Page 6 ...

“Over the years Gill has built an enviable reputation for himself. “I have not made a single cold call till today. Individuals and families come to me purely by word of mouth,” said Gill.” By: Shruti Prakash Joshi Read Story on Page 9

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Asian Star - March 28, 2015 by The Asian Star Newspaper - Issuu