BC Police arrest 2 suspects in extortion incidents, Fraser Valley real estate has many opportunities for buyers, Canadian judges ask for pay hike.

July 04, 2025 00:40:48
BC Police arrest 2 suspects in extortion incidents, Fraser Valley real estate has many opportunities for buyers, Canadian judges ask for pay hike.
Connect Newsroom
BC Police arrest 2 suspects in extortion incidents, Fraser Valley real estate has many opportunities for buyers, Canadian judges ask for pay hike.

Jul 04 2025 | 00:40:48

/

Show Notes

In today’s News Takeaway, hosts Vijay Saini and Vasu Kumar discuss three major stories: BC Police arresting two key suspects linked to extortion incidents targeting local businesses, a new real estate outlook showing strong buyer opportunities in the Fraser Valley, and Canadian judges requesting a pay increase amid economic uncertainty. A fast-paced roundup of news impacting Canadians every morning.

View Full Transcript

Episode Transcript

[00:00:01] Speaker A: And now News Takeaway. [00:00:12] Speaker B: Connect FM 91.5 News Takeaway segment Good morning. [00:00:24] Speaker A: Good morning. [00:00:36] Speaker B: I am very sure Pravati Artificial. [00:02:05] Speaker A: Program. [00:02:22] Speaker B: Stock market Canadian Stock Market Hot dog eating contest Hot dog eating contest how is it? [00:02:54] Speaker A: To each its own. [00:03:08] Speaker B: Brand. Definitely. Police press conference without charges being approved Police. [00:04:42] Speaker A: Investigation Joint Force Operations Teams it's ongoing Joint Force Operations team Police forces they experienced investigators. So the RCMP the Surrey Province Operations Support Unit Experienced investigators Police Department RCMP the Federal Policy Federal Policing Pacific Region Officers BC RCMP Major Crime Section the Surrey Police Service Civilian Criminal Analyst Extortion Task Force Extortions Investigations Team Policing Districts. [00:05:59] Speaker C: So. [00:06:08] Speaker A: Police service Civilian Criminal Analyst so patchwork as you mentioned with J charges. [00:06:51] Speaker B: Approved. So let's wait until then. Real estate Fraser Valley Real Estate Board Total Fraser Valley Real Estate Board Multiple Listing Service over the last 10 years 10 year average nano June so market level of activity 1% exactly. A buyer's market listings the economic uncertainty property There are many good opportunities to be had. [00:09:54] Speaker A: Yeah. Active listings. So active listings. Active listings the SRD listings active listings 3%. [00:10:33] Speaker B: Which is significant. Which is significant. And JD Whichki Pichli inventory Vipaya. Yes. Then Namakarandi Ganti Jari Vikanvasti Market that's more than three times or just about three times sales Namiya listings in that particular month. [00:10:54] Speaker C: Yeah. [00:10:54] Speaker A: So sales to active listings ratio market balance that means buyer's market the jo Current market uncertainty the price correction. So benchmark price across all property types. [00:11:41] Speaker B: Month over month across all property types Benchmark price activity MLSD property types Detached single detached homes. [00:12:05] Speaker A: Char Point. [00:12:09] Speaker B: Single family detached car the benchmark price Fraser Valley. [00:12:18] Speaker A: So there was time 1.71 point so. [00:12:23] Speaker B: 14.5 townhomes average benchmark price. [00:12:30] Speaker A: So dollar town home the benchmark price 10.8% apartment benchmark price so prices interest rate market Just because of market uncertainty. [00:13:22] Speaker B: Rental demand only strong mortgage helper basement suite Significant portion of your expenses Property tax. I was talking to a friend of mine and that is happening across the board in various cities across the province. The property tax properties insurance policy which insurance the coverage depending on kina deductible Rakhyaga homeowner, apartment owner, personal insurance deterrent and of course interest rates Ajay Os Padarte. [00:15:21] Speaker C: So. [00:16:02] Speaker A: Is it even worth it? [00:16:15] Speaker B: Look on the Amdanosa to see down payment. Manlo JK Bandana Das Pandra Sal Palankar Lena Hondasi JK in most cases lending the mortgage approval you need a significant chunk of money as down payment. There are many savvy investors Proper research, proper guidance speculation significant number of youngsters and that is the reason stock market retail investor not institutional investor because that is their option of investing yeah mindset Donald Trump of course Independence Day the big beautiful bill spending bill Donald Trump the flagship bill see House of Representatives Defense spending border security 10.10 trillion overall debt limiter. [00:19:24] Speaker A: Trillion dollar administration 20172017. [00:19:57] Speaker C: So. [00:19:57] Speaker A: Dwara Inu House which Republicans they call DOSA v Sitane Democrats they call DOSA Pandra so regardless. [00:20:49] Speaker B: Backup singer yes. [00:21:13] Speaker A: Elon Musk Navi Vadakitasi with J Bell pass Oglahiden America Party Elon Musk is quiet. [00:21:38] Speaker B: Speaking of global Speaking of global conflicts Donald Trump of course Donald Trump. [00:22:30] Speaker C: Donald. [00:22:30] Speaker A: Trump Liberation Day Liberation Day reciprocal tariffs Donald Trump can there be Sarah so Donald Trump please. [00:23:27] Speaker C: So. [00:23:45] Speaker A: They are very much more complicated can they be urged Today Treasury Secretary EU 20% Tariff C India Chabi percent Tariff C Japan Chavi percent Tariff C so negotiations they are very close to signing a deal. [00:25:22] Speaker B: Automotive tariffs automotive so Senator Rand Paul the big not so beautiful bill has officially passed both chambers despite a few conservative provisions it explodes the deficit in the near term. This is Washington's MO short term politicking over long term sustainability A Senator Rand Paul the Tweet Elon Musk 100% Independence Day is a perfect time to ask if you want independence from the two party system should we create the America Party A yes and no the options that also is not clear. Okay Twitter is a global platform through that. [00:27:46] Speaker A: If this bill gets passed next day can they announce America Party then he also knows. [00:28:29] Speaker B: American Independence Day 250 years. [00:28:56] Speaker A: It was not too long ago Elon Musk. [00:29:08] Speaker B: Streaming service launch that's more. [00:29:11] Speaker A: Likely. [00:29:16] Speaker B: Federally appointed judges. [00:29:25] Speaker A: Judicial Compensation and Benefits Commission. [00:29:33] Speaker B: Federally appointed judges Canadian Judicial Council and Canadian Superior Court Judges Association Federal he is, you know, a successful rich lawyer. Average Salary as of September 2024 $66,000 per year per year plus benefits and pension. Plus benefits and pension. [00:31:28] Speaker A: Law graduates top the applicants vacancies federally appointed judges. [00:32:12] Speaker B: And this is as of July 1, 2025 across the country federal judges appointments. [00:32:34] Speaker A: Private practice. [00:32:41] Speaker C: So. [00:32:44] Speaker A: 75Th percentile. [00:33:06] Speaker B: Income brackets 75th percentile presentation 50th percentile. [00:33:32] Speaker A: Yeah, it's almost like saying industrialist Mukesh Exactly. It's just like that, right? Vijay Request. [00:34:05] Speaker B: Public sector private practice especially highlight pensions and judges. Oh pensions retirement. [00:34:54] Speaker A: Indexed for life. [00:34:55] Speaker B: For life so. [00:35:05] Speaker A: Average 10% which is way more than inflation average. [00:35:12] Speaker C: So. [00:35:16] Speaker A: That'S indexed for life pension heavy of the current salary. So KG Joe judges the salary compensation it should be kept at not more than 14% over four years. Justice Minister Sean Fraser. [00:35:56] Speaker B: Yes, so. [00:36:02] Speaker A: Hold on. [00:36:31] Speaker B: Sorry. [00:36:40] Speaker A: Total compensation. So government. [00:36:56] Speaker B: Contributions plus benefits plus pension contributions. [00:37:35] Speaker A: Thank you very much, Vidi. Always a pleasure. [00:37:46] Speaker B: Time to time fraudsters by social media they post. [00:38:27] Speaker A: Yeah, so I think social media, you know there's so much being shared now. [00:38:37] Speaker B: Yeah, yeah, yeah. [00:38:57] Speaker A: WhatsApp auto download images information without a phone hack. All right, so auto download settings how we can, you know, guard ourselves from these scams? Video social media. [00:39:39] Speaker B: Yes. So that around the dinner table. So that. [00:40:27] Speaker A: New York the Indian Embassy so called call. I see fake call. It was not from Indian consulate. The scammer seat was he was claiming to be. So calls Aryan Ashkaji started. [00:40:45] Speaker B: Thank you. Basically have a nice weekend. You too. Take care.

Other Episodes

Episode

April 03, 2025 00:52:24
Episode Cover

Canada avoids Trumps reciprocal tariff for now, Conservative drops another candidate, BC's credit rating downgraded yet again.

In today's News Takeaway with Vijay Saini and Vasu Kumar, we discuss Canada's temporary escape from Trump’s reciprocal tariffs and what it means for...

Listen

Episode

May 23, 2025 00:41:23
Episode Cover

Indigenous and UBCM leaders oppose NDP infrastructure bills, Carney’s search for Chief of Staff continues, Trump threatens EU and Apple with steep tariffs.

In this morning’s edition of News Takeaway, Vijay Saini and Vasu Kumar explore rising tensions as Indigenous and UBCM leaders push back against the...

Listen

Episode

July 11, 2025 00:24:03
Episode Cover

Mann Govt Land Move | BBMB Ends & Modi’s Retirement Buzz | Punjab Assembly Erupts in Chaos

Stay informed about Punjab's political scene by tuning into Khabarnama on Connect Newsroom. Hosts Vijay Saini and Deepak Sharma Chanarthal lead engaging discussions and...

Listen