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  #255  
Old Posted Jun 28, 2011, 8:54 PM
duener duener is offline
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Join Date: May 2003
Location: YVR>LHR>YUL
Posts: 182
The Feds just greatly reduced the number of applications accepted to the investor immigration program:
http://www.marketwire.com/press-release/...reduce-backlogs-improve-wait-1531237.htm

I imagine this could have a major impact on Vancouver real estate once people realize that there might not be an endless stream of "investors" from China coming in any more.

The whole situation has been embarrassing for Ottawa (Canadian debt levels keep going up) and Beijing (wealth is being stolen from the hard working peasants). Maybe they've talked to each other and decided put an end to it all.