Vancouver Real Estate is Officially ‘Problematic.’ Here’s What We’re Reading Today
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Here’s what we’re reading today.
1. “To be Muslim in Canada is to be a person of scrutiny”
“The majority of young Muslims in Canada feel Muslim first and Canadian second, a new Environics Institute survey released Wednesday suggests. Some experts think that’s a reflection of Muslims’ attempt to reclaim their identity from the violent extremism that has tainted the public perception of their religion in recent years.” From the CBC, read how Islamophobia is shaping the life of young Muslims in this country.
2. Frothy, frothy markets
Vancouver real estate is starting to get out of control, Canada’s federal housing agency said in a statement today. Canada Mortgage and Housing Corp. said it’s found evidence of “problematic conditions” in the city, where prices of single-family homes have soared nearly 50 per cent in the last three years.
The agency also addressed concerns about Toronto, Calgary, Regina and Saskatoon.
3. This is how much money Apple lost yesterday
The company shed $40 billion — or about the entire value of Netflix — from it’s stock price yesterday after a disappointing earnings report. Revenue was down about 13 per cent year- over-year, CEO Tim Cook revealed in his investors call. For Apple, it was the first time revenue has declined in 13 years.
iPhone sales were notably soft in China, once a main driver of growth for the company. While Apple was once “a signifier of wealth and fashion” in the country, the New York Times reports, it has since lost its place in the market, with many Chinese hesitant to upgrade to the latest iPhone 6s.
4. What if Hillary Clinton was a man?
After sweeping the 5 primaries yesterday, Donald Trump, in his ascendancy, used his victory speech to target Clinton, saying if she “were a man, I don’t think she would get 5 per cent of the vote.” Despite suggestions the comments were sexist, he defended his remarks on a round of TV interviews this morning. “She is a woman, she is playing the woman card left and right,” Mr. Trump said on CNN. “Frankly, if she didn’t, she would do very poorly. If she were a man and she was the way she is, she would get virtually no votes.”
Clinton responded in kind, telling voters to “deal me in.”
Caught your speech, @realDonaldTrump. About that "woman's card"…https://t.co/kKaHWISchy
— Hillary Clinton (@HillaryClinton) April 27, 2016
5. Majority of Millenials reject capitalism
But, they’re also totally unsure about what comes next.
From the Washington Post: “‘The word capitalism doesn’t mean what it used to,’ said Zach Lustbader, a senior at Harvard involved in conducting the poll, which was published Monday. For those who grew up during the Cold War, capitalism meant freedom from the Soviet Union and other totalitarian regimes. For those who grew up more recently, capitalism has meant a financial crisis from which the global economy still hasn’t completely recovered.”
