Festival condos.The soaring house prices in Vancouver, Canada blame the Chinese? Every year, 1400 rich people enter Vancouver through Quebec investment immigrants. They not only buy a number of properties, but also like to buy luxury homes, accounting for 12% of the total market, but they pay an average of only $1400 per person in tax each year.Please Visit: Festival condos to Get Your VVIP Registration Today!
Recently, it has been reported that the main reason for the exorbitant housing prices of Dawen is that the investment immigration program (Quebec Immigrant Investor Program, referred to as QIIP) in Quebec province is becoming more and more common, so the Quebec government is called on to cancel this investment immigration program as soon as possible.
Canada’s Lewo Network noted that the simplest solution to warm and high property prices is to cancel Quebec’s investment immigration program. Because data show that people who immigrate to Quebec through investment, 9 people in Chengdu choose to live in other provinces, and many wealthy Chinese have settled in British Columbia, and they are the main reason for driving up house prices.
Yang Yien said that every year, 1400 rich people enter Vancouver through Quebec investment immigrants. They not only buy a number of properties, but also like to buy luxury homes, accounting for 12% of the total market. 20%, but they pay an average annual tax of only $1400 per person. The biggest problem with housing prices is not the shortage of housing supply, the current high level of new housing construction is due to too much foreign investment into Vancouver.
An immigration lawyer in Vancouver said the figures cited by Yang Yien were old data. Quebec has now tightened its residency rules and the situation has greatly improved. The Quebec investment immigration plan only needs to be revised to require applicants to file tax returns in Quebec for at least two of the first three years of landing.
Some scholars believe that only investment immigrants from Quebec Province are only one of the reasons for the soaring property prices in Dawen. Canada’s granting of multiple-entry visas to many Chinese for as long as 10 years may be the reason why Chinese people flock to buy properties. Canadian loan interest rates are low, and the depreciation of the Canadian dollar is also the main reason. As soon as many Chinese get visas, they will buy houses in the Dawen area, which has gradually become a trend.
Canadian lahoo.ca reported earlier that as soon as many Chinese students arrive in Vancouver, their parents will buy properties for them. The house prices here are not only lower than those in some Chinese cities, but the monthly mortgage cost is also similar to the rental cost, so foreign students are also part of the buying army.