Canada has been the most popular immigrant destination for HNW investor migrants for ages. Canada has the oldest immigrant investor program in the world established in 1986 and Canada openly welcomes skilled migrants, investors and entrepreneurs.
Rich chinese who came through Quebec IIP, own over 4,500 properties in Toronto and Vancouver.
According to Globalnews.ca, a total of 57,935 investor immigrants who came through Quebec in thirty years, were living in Canada as of 2016, with many of these rich migrants live outside Quebec and the foreign capital inflows into real estate have contributed to soaring prices in the cities where they settle.
- British Columbia (BC) – 28,000 (48.3%) of which 27,080 live in Vancouver
- Ontario – 22,000 (37.9%) of which 19,265 in Toronto
- Quebec – 6050 (10.4%)
All in all with properties, Immigrants own 37% of all selected residential properties in Vancouver and 43% of all selected properties in Toronto, according to the latest real estate report published by Statistics Canada.
Quebec revised its IIP as a part of new immigration reforms in 2018. The new scheme requires an investment requirement of $1.2 million. The new application period for 2019 will run from September 10, 2018 to August 31, 2019
Most investor immigrants, as a group, generally own more expensive single-detached properties in Vancouver than their counterparts who came to Canada under other immigration programs
Quebec investor immigrants
| Vancouver | Single detached homes | Average value |
| China | 2251 | 3.3m |
| Iran | 61 | 2.7m |
| Taiwan | 17 | 1.7m |
| Other | 541 | 1.3m |
| Total | 2361 | 3.2m |
| Toronto | Single detached homes | Average value |
| China | 2427 | 1.4m |
| India | 40 | 1m |
| Iran | 276 | 1.3m |
| Other | 5514 | 0.75m |
| Total | 3117 | 1.4m
|
Recent investor immigrants own single detached houses with average values of either $3.11 million or $3.30 million, depending on the investor program
Read the full report here
