It’s a program critics say gives immigrants a back door into B.C., giving them easy access to Metro Vancouver’s frothing housing market.
Now, immigration lawyer Richard Kurland says Quebec is tightening rules around its Immigrant Investor Program.
“It’s tracking down applicants who have purchased B.C. property, as well tracking applicant families who have kids going to school in B.C.”
Kurland says that means potential Quebec investors could run into trouble if they don’t actually plan to do business in that province.
“If any of that will apply to you, well, there’s a question mark regarding your intent to reside permanently in Quebec, then that application is going to be tossed. So, Quebec has responded to B.C. concerns.”
Kurland says 95% of investors don’t live in Quebec after five years.
The program allows foreigners to enter Quebec through an $800,000 short term loan to the government in return for permanent residency.