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In the case of Vancouver, generally speaking they aren't non-resident or even non-citizens. Emigrating from China to get permanent residency and eventually citi
by cgh 12y ago
In the case of Vancouver, generally speaking they aren't non-resident or even non-citizens. Emigrating from China to get permanent residency and eventually citizenship for family members, along with a Western education and health care, goes along with buying one or more homes as part of what a friend who works in immigration calls "the full package". The net effect is a dramatic increase in inequality and skyrocketing house prices.
A partial solution has already happened: the cancellation of the immigrant investor program.