DouglasTodd Profile picture
Apr 21 4 tweets 7 min read
Rich immigrants who moved to #Vancouver through Quebec's back-door investor program now own, on avg, $4.6m worth of housing. But they're only paying taxes on annual incomes of a paltry $100k. A gov.-enabled scam. Via @GoldinYVR, #vanre #vanpoli #cdnpoli theglobeandmail.com/real-estate/va…
2/ @Ayan604 says the system is failing new immigrants who’ve arrived to work and settle, if it also allows new immigrants who are here (simply) because they are wealthy and have an appetite for real estate investment. #vanre #torontorealestate #onpoli #Cdnimm #bcpoli #vanpoli
3 / And what's more ... Quebec gets 10 times more than B.C. and Ontario to settle immigrants. #ICYMI #BCpoli #Cdnimm #cdnpolitics #onpoli #abpoli #qcpoli #immigration.
vancouversun.com/business/dougl…
4/ Not to mention ... it’s past time for Ottawa to end the honour system that allows 9 of 10 rich immigrants to renege on their promise to live in Quebec, with most moving to #Toronto or #Vancouver. #CDnpolitics #cdnimm #onpoli #qcpoli #abpoli @GoldinYVR vancouversun.com/opinion/column…

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