Connect with us

Real Estate

China pressures U.S., Canada ahead of hearing for Huawei exec

Editor

Published

on

[ad_1]

China raised the pressure on the United States and Canada as a bail hearing for a top Chinese technology executive was set to resume Monday in Vancouver.

A headline in a Communist Party newspaper called Canada’s treatment of Meng Wanzhou, the chief financial officer of Huawei Technologies, “inhumane.” The Global Times editorial published in Monday’s edition followed formal protests by the Chinese government to both Canada and the United States over the weekend.

Meng was detained on Dec. 1 while changing planes in Vancouver. The U.S. wants her extradited. It alleges Huawei used a Hong Kong shell company to evade U.S. trade curbs on Iran.

Vice Foreign Minister Le Yucheng, summoning U.S. Ambassador Terry Branstad on Sunday, called Meng’s detention “extremely egregious.” He demanded the U.S. vacate the arrest warrant, warning that Beijing will take further steps based on Washington’s response, the official Xinhua News Agency said.

A day earlier, the Chinese government gave Canadian Ambassador John McCallum a warning of “grave consequences” if she is not released.

British Columbia said in a statement Sunday it cancelled a trade mission to China because of Meng’s detention. The announcement came amid fears China could detain Canadians in retaliation.

A Canadian prosecutor asked a court Friday to reject Meng’s bail request. The judge said he would think about proposed bail conditions over the weekend.

Meng’s arrest threatens to add to U.S.-China trade tensions at a time when the two sides are seeking to resolve a dispute over Beijing’s technology and industrial planning. Both sides have sought to keep the issues separate, at least so far.

‘Totally separate’ from trade policy

U.S. Trade Representative Robert Lighthizer, speaking Sunday on CBS’ “Face the Nation,” downplayed the impact of the arrest.

“This is a criminal justice matter,” he said. “It is totally separate from anything that I work on or anything that the trade policy people in the administration work on. … We have a lot of very big, very important issues. We’ve got serious people working on them, and I don’t think they’ll be affected by this.”

Meng, the daughter of Huawei’s founder, was detained on the same day that President Donald Trump and his Chinese counterpart, Xi Jinping, agreed over dinner to a 90-day cease-fire in the trade dispute.

Meng Wanzhou, Huawei’s deputy chairwoman and CFO, is wanted by the U.S. for allegedly violating trade sanctions against Iran. (fensifuwu.com)

Huawei is the biggest global supplier of network gear for phone and internet companies, but its products have become the target of U.S. security concerns because of its ties to the Chinese government. The U.S. has pressured European countries and other allies to limit use of its technology, warning they could be opening themselves up to surveillance and theft of information.

The hearing on whether to grant her release on bail was due to resume later Monday.

The U.S. alleges that Huawei used a Hong Kong shell company to sell equipment in Iran in violation of U.S. sanctions. It also says that Meng and Huawei misled American banks about its business dealings in Iran.

In a brief statement emailed to The Associated Press, Huawei said “We have every confidence that the Canadian and U.S. legal systems will reach the right conclusion.”

Canadian officials have declined to comment on Chinese threats of retaliation over the case, instead emphasizing the independence of Canada’s judiciary along with the importance of Ottawa’s relationship with Beijing.

While protesting what it calls Canada’s violation of Meng’s human rights, China’s ruling Communist Party stands accused of mass incarcerations of its Muslim minority without due process, locking up people exercising their right to free speech and refusing to allow foreign citizens to leave the country in order to bring pressure on their relatives accused of financial crimes.

The party also takes the lead in prosecutions of those accused of corruption or other crimes in a highly opaque process, without supervision from the court system or independent bodies.

[ad_2]

Source link

قالب وردپرس

Real Estate

7 Tips For First-Time Home Buyers In Calgary

Editor

Published

on

By

Buying a house for the first time can be overwhelming to say the least. If you’re wondering what neighbourhood to go with, what you can afford, or even how to just get started on the process, let us take some stress off your hands! We’ve teamed up with Hopewell Residential to give you 7 tips to ensure the home you end up with is everything you dreamed of.

Hopewell Residential is a five-time Developer of the Year award winner, so their expertise is second-to-none in Calgary and beyond. Who better to learn home-buying tips from than the homebuilders themselves?

Create a checklist of needs & wants

This is a biggie. When you’re buying your very first home, you’ll want to weigh your needs vs. your wants. Ensuring you have what you love in your first home is a big, big deal.

What should you do? Easy. Set up a list of needs and a list of wants, but be pretty strict with yourself, and make sure you take your lifestyle into consideration. With the increase in remote work over the past year, it’s important to keep in mind that a home office or flex room might just be the key to maximizing at home happiness. Especially if you’re thinking you might be expanding your family later on, spare rooms and extra space is key (but more on that later!).

Or for instance, you might need a home in an area with a high walkability score, but you want to be close to certain amenities. Set yourself up with the right level of compromise and the number of homes that actually fit your ‘perfect’ idea will skyrocket.

Continue Reading

Real Estate

‘Don’t give up’: Ottawa Valley realtors share statistics, tips for homebuyers in ‘extreme’ sellers market

Editor

Published

on

By

The real estate market in the Ottawa Valley can be summed up this way: people from far and wide are in a buying frenzy, but there’s hardly anything to buy at the “store,” and the limited inventory is overpriced.

This “stampede” — as one realtor described it — will affect rural towns as residents grapple with finding affordable housing and agonize over their inability to purchase homes in their price range.

“We are seeing a lack of inventory in all price ranges,” said Laura Keller, a real estate agent from Carleton Place.

Helen Vincent, a Renfrew realtor, said she’s never seen a market like this in her 36 years of practice. “We postpone offers for four to five days in order to get all the buyers,” she said.

Multiple offers — between seven and 10 — became the norm, with cash offers and no conditions, as buyers faced bidding wars. “In Ottawa, they have up to 50 (offers),” she added.

“It’s very stressful. You’re going to get nine (people) ticked off, and one happy. So many people are disappointed,” Vincent said.

Terry Stavenow, an Arnprior realtor for 40 years, said that “the pent-up need took over with inventory going low. It made a stampede on everything that was available.“

“Brand new housing — it’s very much gone. Several building developers are rushing to get inventory. They usually don’t do construction in the winter months,” said Stavenow.

Continue Reading

Real Estate

10 Tips For First-Time Home Buyers

Editor

Published

on

By

Buying a home for the first time is exciting and a commitment to the future. It’s often challenging, too, and the process requires a lot of steps, many of which can be tricky to navigate as a first-time home buyer.

What are some things you should keep in mind as a first-time home buyer?

First-Time Home Buyer Tips

Here are 10 tips to keep in mind as you begin your journey toward homeownership.

1. Have Your Finances in Order

It’s wise to begin saving as early as possible once you’ve made the decision to purchase a house. You’ll need to consider the down payment, closing costs (which often range from 2% to 5% of the down payment), as well as move-in expenses.

You also need to understand the other costs of homeownership, such as mortgage insurance. property taxes, utilities, homeowner’s insurance, and more.

2. How Much Can You Afford?

Knowing how much you can realistically afford in a home is another important financial consideration. Look for the home of your dreams that fits your budget.

One way to avoid future financial stress is to set a price range for your home that fits your budget, and then staying within that range. Going through the preapproval process will help you understand what price range is realistic for your budget.

3. Make Sure Your Credit is Good

Another thing to keep in mind as a first-time home buyer is your credit score because it determines whether you qualify for a mortgage and affects the interest rate that lenders offer. 

You can check your credit score from the three credit bureaus – Experian, Equifax, and TransUnion.

This is another good reason for getting preapproved before you start your search. Learn more about the preapproval process and your credit score.

4. Choose The Right Real Estate Agent

A good real estate agent guides you through the process every step of the way. He or she will help you find a home that fits your needs, help you through the financial processes, and help ease any first-time buyer anxiety you may have.

Interview several agents and request references.

5. Research Mortgage Options

A variety of mortgages are available, including conventional mortgages – which are guaranteed by the government – FHA loans, USDA loans, and VA loans (for veterans).

You’ll also have options regarding the mortgage term. A 30-year fixed-rate mortgage is popular among many homebuyers and has an interest rate that doesn’t change over the course of the loan. A 15-year loan usually has a lower interest rate but monthly payments are larger.

6. Talk to Multiple Lenders

It’s worth your time to talk to several lenders and banks before you accept a mortgage offer. The more you shop around, the better deal you’re liable to get – and it may save you thousands of dollars.

7. Get Preapproved First

Getting a mortgage preapproval (in the form of a letter) before you begin hunting for homes is something else to put on your checklist. A lender’s preapproval letter states exactly how much loan money you can get.

Learn more about the preapproval process and how preapproval provides you with a significant competitive advantage in our article How Preapproval Gives You Home Buying Power.

8. Pick the Right House and Neighborhood

Make sure to weigh the pros and cons of the different types of homes based on your budget, lifestyle, etc. Would a condominium or townhome fit your needs better than a house? What type of neighborhood appeals to you?

9. List Your Needs and Must-Haves

The home you purchase should have as many of the features you prefer as possible. List your needs in order of priority; some things may be non-negotiable to you personally.

10. Hire an Inspector

Hiring an inspector is another crucial step in the home buying process. An inspector will tell you about existing or potential problems with the home, and also what’s in good order. You can learn more about home inspections and how to find a home inspector through the American Society of Home Inspectors website.

Buying a home for the first time is a challenge, but it’s one you can handle with the right planning and preparation.

Continue Reading

Chat

Trending