Bag of Gems

Gem Quality

Incited by the announcement that the Federal government will formally close the Canada’s Investor Immigrant shop, media both local and afar gathered a cornucopia of commentary gems.

Endearing Gems

ADDITION Britain OLY London 2102 Heathrow Courtesy The Guardian: Uncredited
  • “Chinese people love to move to Canada. They want to be part of the welfare system that Canada is famous for”– Ma Xiaowue of Well Trend Beijing in the South China Morning Post

  • “The trend to emigrate to Canada will not change. “Everyone knows that when the investor scheme reopens, it will be much more expensive. But money is not a big factor for many applicants.” – Mary Chan Siu-yee, of Hong Kong-based Rothe International Canada in the South China Morning Post

  • “We haven’t handled investment immigration to Canada for a long time. We don’t care about the new rule” – Ma Xiaowue of Well Trend Beijing in the South China Morning Post

  • “We don’t want to take any rash actions that might impact investment in the city” Mayor Gregor Robertson CBC

Eyes Everywhere

Have you seen a media comment worthy of gem status? Drop them in the comment box along with the source link.

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

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*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

Reader Comments:

So long Says:
February 18th, 2014 at 12:00 am

Hot topic Larry, somethings in the air smells like a lotsa popcorn popping. 2014 is the year 4 is a unlucky number.Glad to see you have made some breadn butter lately. Get ready to witness the greatest 4 x 4 spring planting season in GVRD s history. I’m thinking of getting into the sign business:-) Must be a $100 a pop?

Minghui Says:
February 18th, 2014 at 10:19 pm

I met an acquaintance this afternoon and we talked about this policy change. It has some impacts to him. He is running a profitable home renovation business but he wanted to sell his business. The prospective buyer, a Chinese IIP applicant, notified him through their lawyer that he will not buy since his application was canceled. The buyer is okay with losing deposit and all paid legal fee. It has some but not a lot impacts to this acquaintance of mine since his business is profitable. But I would say, the would-be buyer would come to buy a property to live too shall his application was not canceled.

Minghui Says:
February 18th, 2014 at 10:25 pm

I suggest you to ask your Chinese staffs to read reports in Chinese and get them back to you.

February 18th, 2014 at 10:45 pm

@minghui
@would-be buyer has pointed out several immigration options available.

I believe it is reasonable to say that the Immigrant Investor program wasn’t a good fit for immigrants or for Canadians. The writing was on the wall in 2012. While it is clear that the cancellation has interrupted and caused hardship for a great number of people, in equal measure it has also brought hardship for many locals who cannot compete financially on equal terms.

It would be wonderful if these wealthy individuals could in time collectively make a changes sufficient within their country to no longer need or desire to immigrate. This would demand great sacrifice but after all there is no place like home. It is unlikely but it would be wonderful.

To be clear China like Canada and many other countries are not without problems. All good things take time sometimes, more time than we are given.

As consolation, a line of script from the Best Exotic Marigold Hotel is all I can offer: “Everything will be alright in the end so if it is not alright it is not the end.”

February 18th, 2014 at 10:46 pm

@Minghui,
my staff is Google translator

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