[geotag277]

A few points:

- scrapping the investor visa program does nothing to prevent foreign ownership of properties
- there are two new investor visa programs designed to replace the old program to hopefully bring more economic benefit to Canada
- the Government of Canada is prediciting the number of investor class immigrants will remain the same after this program
- people call the investor visa program a "fast track" to citizenship, but as of 2012 there was a 10 year backlog of cases, that isn't exactly fast tracking anything, the new investor programs are likely going to be much more efficient at bringing in high net worth individuals

Impact to Vancouver (or Toronto, or Canada's) housing market? Likely zero, or if anything, continued increases.