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But in the past year, 24300 of them chose to leave Hong Kong and move to Canada for the second time, with the vast majority of them settling in Vancouver.
As a popular immigrant country, Canada has always been the first choice for many Hong Kong people. The Canadian craze among Hong Kong people has been on the rise since 2007, reaching a peak last year, with an increase of 88% in 11 years. Many of these immigrants are young people with professional skills or Canadian citizens who have returned to Canada for the second time. As a result, Hong Kong’s population grew by only 0.4% last year, a 10-year low.
Second return refers to those who have emigrated to Canada and returned to work in Hong Kong and then returned to Canada from Hong Kong in recent years. Most of the Hong Kong people who have returned to Hong Kong for the second time are under the age of 30 and 40, and many of them are people with financial ability and professional skills.
At present, there are about 300000 Canadian passport holders in Hong Kong. According to the Hong Kong Census and Statistics Department, last year alone, 24300 people left Hong Kong. In China, the number of successful applications for permanent residency last year increased significantly compared with a decade ago, an increase of 88%, which means that Canada will become a beneficiary of the second wave of return.
On the other hand, the migration of a large number of Hong Kong residents to Canada will expand the community of Hong Kong people and have an impact on the local immigrant community. A Chinese immigrant who gave up a well-paid job in Hong Kong said that he chose to return to Hong Kong for the future development of his children and to have a better learning environment. Coincidentally, more and more middle-class people choose to send their children to study in Canada, and it is still unknown how many young people will return to Hong Kong after graduation.
Some media immediately said that this huge second return wave may save the warm real estate market in the bleak wind and rain, because although not everyone of Hong Kong residents holding Canadian passports is Li Ka-shing, it is not a problem to spend millions of Canadian dollars on real estate.
The government of Hong Kong, China also pointed out that the number of Hong Kong residents who choose to emigrate to Canada each year has increased by 88% in the past 11 years, reaching an all-time high in 2017, with most of them aged between 30 and 40. Professionals with strong professional abilities and economic strength.
This part of the new Canadian immigrants from Hong Kong, China, together with the old Hong Kong immigrants returning to Canada for the second time, will help reinvigorate the economy of BC province and even Canada.
Media analysis said that the vast majority of Hong Kong people who emigrated to Vancouver are parents, and consideration for their children’s education and future development is the primary factor for new immigrants to choose Canada. Older immigrants are returning because of the more relaxed living environment in Canada. Both new and old immigrants will greatly change the local immigrant community.
First of all, Hong Kong old immigrants have money, and secondly, it is easy to transfer their money to Canada. Once again, Hong Kong old immigrants are naturally fond of property speculation.
Although the new immigrants from Chinese mainland are as enthusiastic as Hong Kong immigrants in property speculation, their ability to transfer funds has been greatly weakened and can not quickly form a strong and concentrated purchasing power.
The influx of Hong Kong immigrants into BC province will have a great impact on Dawen’s economic vitality and real estate development. This is no less important than the influx of Chinese mainland immigrants into BC province.