Is It Time To Revive Canada’s Federal Immigrant Investor Program? – Immigration – Canada

Short answer: no it is not. And Singer conveniently omits the major reason for the program’s termination: no real benefits to Canada (see the IRCC evaluation Evaluation of the Federal Business Immigration Programhttps://www.canada.ca › ircc › ircc › english › pdf › pub › e2-2013_fbip):

As the US hikes investment limits for the EB-5, Canada should consider reviving the suspended Canada Immigrant Investor Program.

As the US implements a massive 80 percent hike in minimum investments for the EB-5 program, it is an appropriate time to question the rationale behind Canada’s decision to completely ignore investment immigration. 

The Canada Immigrant Investor Program was one of the most sought-after investment immigration programs in the world when it was terminated in June 2014. 

Reasons for its termination included:

• High demand from wealthy investors.

• Spiraling real estate prices due to the influx of foreign funds into the sector. 

• Lack of real benefits to the Canadian economy, and 

• Disquiet over sale of permanent residence status and, indirectly, Canadian citizenship.

Source: Is It Time To Revive Canada’s Federal Immigrant Investor Program? – Immigration – Canada