21 February 2014
Chris Alexander, Canada’s immigration minister, has given an interview to a Chinese newspaper just days after scrapping the Immigrant Investor Program which was extremely popular with Chinese applicants.
- 17 February 2014 Canadian Immigration to abolish Immigrant Investor Program
- 24 January 2014 Canadian immigration ‘discriminating against PhD students’
- 20 January 2014 Canadian immigration minister promises better service in 2014
He has said that Chinese citizens were still welcome in Canada and will be able to apply for Canadian visas under a new investor program which will open later this year.
Mr Alexander told The South China Morning Post on Wednesday 12th February 2014 that Chinese applicants were also welcome to apply for any of Canada’s other permanent resident visa programs. He said ‘All of our other immigration programs are available to you. Find the one that fits best for your situation’.
- 8:49 am, February 16th, 2014
Wealthy Chinese are moving to the U.S. and Europe because Canada has been scaling back entry, the South China Morning Post reported Sunday.
The story about the shifting preferences of Chinese millionaires came in the wake of Canada scrapping its investor visa scheme which has allowed waves of rich Chinese to move here since 1986. The announcement was made in last week’s budget.
“For decades, [the investor scheme] has significantly undervalued Canadian permanent residence, providing a pathway to Canadian citizenship in exchange for a guaranteed loan that is significantly less than our peer countries require,” Jim Flaherty said.
The paper says nearly 46,000 mainland applications for visas will not be processed and applicants will have their fees refunded.
“I think I made a good choice,” Hu Xiaofeng, a banker who obtained permanent residency in the U.S. last year through an investment program, told the South China Morning Post. “I wanted to move to Canada, but my agent told me the process was more complicated and the chances of obtaining Canadian residency status were slim.”
Hamilton – The Editor, At every meeting, a developer for Hamilton claims that higher density will create the opportunity for more shops and possibly a restaurant. But they have also said there is no guarantee the shops would be rented. I believe the residents only hear what they want to hear. In fact, if we allow this densification to go through, we could end up giving away the farm and getting nothing in return. The developer hasn’t committed to amenities other than a few shops which may or may not be rented, a boulevard and some plants and trees, depending on what density level the city approves.read more
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