By Jonathan Cooper and Daniel Scarrow Last month, the Canadian government announced the termination of the Immigrant Investor and Federal Entrepreneur programs. This canceled the applications of approximately 65,000 individuals who were on the waiting list backlog for these two programs. Given that 70 percent of these applicants were from mainland China, and given the importance of Chinese investors to the Vancouver property market (especially in the high end), many analysts have predicted that this change in government policy will have a significantly negative effect on Vancouver-area real estate values. Before assessing what the true impact will be, let’s consider how these programs functioned, and where they had the most impact. The Canadian government introduced the Immig...
Mar 7, 2014 by OPP Connect
Feb 21, 2014 by Jonathan Cooper
Feb 12, 2014 by Inman