Immigration Policy and the Real Estate Market – Changes Ahead
On February 11th the Federal Government announced the immediate cancellation of the Investor Immigrant Program. An estimated 15,000 wealthy applicants and their family members (the vast majority of which were Chinese looking to relocate to Vancouver or Toronto) had their applications involuntarily cancelled. ULI BC invites you to explore what these policy changes mean for the Greater Vancouver real estate market.
Our panel presentation and discussion will focus on the following topics:
How did the Investor Immigrant Program really work?
How did the Investor Immigrant Program work? How many were coming each year? Where were they from? Where were they going? Why were they coming?
The Backstory: Why the Investor Immigrant Program became a Bad Deal for Canada
Did the Canadian or Provincial governments really benefit from the IIP? If not, then who did? What were the real reasons that led the Federal Government to cancel the program?
The Global Business Immigrant’s mindset
What do Business Immigrants really want? What are the tension points between Canada’s systems and their objectives? What are other countries that they are considering and what are their Business Immigrant Programs?
Real Estate Market Implications
What impact has the Investor Immigrant had on the Greater Vancouver real estate market in the past? What does the policy change mean going forward?
What are the Current and Future options for Business Immigrants?
Canada and Vancouver remains fundamentally attractive to potential high net worth migrants. What are the options that Business Immigrants have today? What new Immigration options can we expect to see in the near future? And what do these mean for the real estate market?
Michael Ferreira – Urban Analytics
Jeffrey Lowe – Lowe and Company Immigration & Business Lawyers
Lily Korstanje – Magnum Projects Ltd.
Mark Lester – JLL
Michael Brown – Concert Properties | Chair, Programming, ULI BC
7:45 – 8:15am Registration & Networking
8:15 – 9:10am Panel Presentations
9:10 – 9:30am Panel Q&A/Discussion
9:30am – Conclusion
Registration is open to both members and non-members. Tables of 8 are available for purchase until March 21st. Register by Friday, March 21st to save!
$60 / $80 for ULI members/non-members (private sector)
$50 / $70 for ULI members/non-members (public sector)
$45 / $65 for ULI members/non-members (Young Leader – under 35)
$40 / $60 for ULI members/non-members (student)
$45 for ULI members (retired)
$390 / $550 Table for 8 for ULI members/non-members (see note below regarding table registration form)
Of special note: All registration fees are in US dollars and will include food and beverage (light snacks). After March 21, registration fees will increase by $15 USD (please contact ULI BC directly to register after March 21). Table reservations are available until March 21. To reserve your table, be sure to register and additionally, complete the table registration form and forward to ULI BC. If you have any dietary restrictions, please contact ULI BC to advise.
Thank you for joining us for this event. Please find a copy of Jeffrey Lowe’s presentation here.
Visit our Flickr page here to see photos from this event.