Here’s Why Canada Banned Nigerians From Buying Real Estate Properties
Following an increase in real estate market values, the Canadian government has made it illegal for foreigners to purchase property in the nation.
Fidel Info reports that the law was passed by the North American nation after the Covid-19 pandemic began, but it became effective on Sunday, January 1, 2023.
Canada made this decision, which will only be in effect for two years, because some MPs thought that buyers were to blame for driving up the supply of properties for investment purposes and driving up prices.
The appeal of Canadian homes, according to Prime Minister Justin Trudeau and his Liberal Party last year, is drawing profiteers, powerful corporations, and international investors.
Ottawa also clarified in late December that the ban will only apply to city residences and not to recreational properties like summer cottages.
During the 2021 election campaign, when home ownership was out of reach for many Canadians due to skyrocketing prices, Trudeau offered this short-term, two-year policy.
According to the campaign site, “This is leading to a real problem of underused and vacant housing, rampant speculation, and skyrocketing prices. Homes are for people, not investors.”
Following their 2021 election victory, the Liberals quietly introduced the Prohibition on the Purchase of Residential Property by Non-Canadians Act.
Major markets such as Vancouver and Toronto have also introduced taxes on non-residents and empty homes, as per Associated Press report.
However, in the law, an exception has been made for the immigrants and permanent residents of Canada who are not citizens, as per reports from the country.
UN Condemns Killing Of Staff In Borno
The United Nations- Office for the Coordination of Humanitarian Affairs (UN-OCHA) has condemned the killing of its staff and others at a Military Base in Damboa Local Government Area of Borno state.
Fidel Info reports that This was contained in a statement signed by the Humanitarian Coordinator for Nigeria, Matthias Schmale, on Friday in Maiduguri.
Recall that the Theatre Commander of Operation Hadin Kai, North East, Major General Christopher Musa on Thursday night disclosed that a soldier ran berserk in a military base, opened fire and killed a humanitarian staff of an Non- Governmental Organisations, NGO and also killed another soldier in the same base.
Not satisfied, the soldier also opened fire on the co-pilot of one of the UN helicopters to the theater before troops of Hadin Kai neutralized him.
According to General Musa, “yesterday’s killing of a staff member of the humanitarian non-governmental organization Meedecins du Monde in Damboa, Borno State is deeply disturbing and sad.
“On behalf of the United Nations, I convey my heartfelt condolences to the aid worker’s family and to her colleagues. I also wish a speedy recovery to a pilot working with the UN Humanitarian Air Service (UNHAS) who was injured in the deplorable attack by an apparently rogue soldier.
“All humanitarian staff working in north-east Nigeria deserve our fullest respect for their courage and commitment to stay and deliver life-saving assistance to people in need in often difficult and dangerous circumstances. Humanitarian workers must be protected.
“I laud the Government and the military’s efforts to speedily investigate yesterday’s incident and urge them to strengthen remedial measures to prevent similar incidents in the future”. Said Schmale.
In a related development, the District Head of Damboa Local Government Area, Zanna Lawan Maina expressed shock over the incident.
“I am right now in Abuja when I received a distress call from some of my subjects that there was a multiple gunshots at Military Base. The Theatre Commander, Major General Christopher Musa also called me on the same incidence.
“It is very unfortunate, but right now the situation is under control “, the traditional ruler stated.
US: Donald Trump Announces 2024 Re-Election Bid
Former President of the United States, Donald Trump has launched his campaign to win the Republican presidential nomination in 2024, promising to make America “great and glorious again”.
Fidel Info reports that Mr Trump became the first candidate in the race nearly two full years before Election Day.
He declared despite candidates he backed having performed poorly in the midterm elections last week.
His motivation was partly to discourage other potential Republican presidential candidates, including his chief rival Florida Governor Ron DeSantis, from running.
Announcing his candidacy in the ballroom at his Mar-a-Lago home in Florida, Mr Trump, 76 said: “America’s comeback starts right now. In order to make America great and glorious again, I am tonight announcing my candidacy for president of the United States.”
“This will not be my campaign, this will be our campaign all together. We will again put America first. Are you getting ready? I am too.”
He added: “Our campaign is based on freedom, values, individual responsibility and just plain common sense.”
Mr Trump said his campaign was going to be “about issues” and would “unify people”.
He accused Joe Biden of “leading us to the brink of nuclear war” and added: “Ukraine would never have happened if I was your President.”
General2 days ago
BREAKING: CBN Extends Deadline For Old Naira Exchange
News4 weeks ago
INEC To Train Over 1.4M Adhoc Staff On BVAS Usage
Opinions4 weeks ago
Ogboju Ole: Are Kwarans Ready To Return The Saraki’s PDP Regime Of Converting Public Assets To Personal Use?- Baba Mohammed
Politics4 weeks ago
Okada Riders, Artisans, Reject PDP In Kwara
Opinions7 days ago
Saraki: A Man Who Refused To Pay Pensions, Gratuities Is Pontificating On Governance- Qudus Adelodun
News4 weeks ago
18 Die In Bauchi Auto Crash
Politics2 weeks ago
JUST IN: APC Kwara Postpones Presidential Rally
Opinions4 weeks ago
Omo Igbeti: Bolaji Abdullahi’s Ill-Mannerism Questions His Ilorin Origin