1422 replies to this topic

[Victoria Watcher]

The UK must be disturbing to them.

[Mike K.]

China and the UK. The UK is the most surprising.

How does France stack up? Germany?

Maybe they’re net zero or close to it?

[Victoria Watcher]

I'll bet they just do not track them, or well enough for this survey.

 

I'm sure Spain would be a big importer.  That's where wealthy UKers spend most of their time.

 

South France too, for sure.

Edited by Victoria Watcher, 08 July 2024 - 08:29 AM.

[AllseeingEye]

I'll bet they just do not track them, or well enough for this survey.

 

I'm sure Spain would be a big importer.  That's where wealthy UKers spend most of their time.

 

South France too, for sure.

 

Yup Spain for sure; at the wedding we were at in Vancouver on Saturday three other couples who are all good friends of ours have already or are looking into retiring to Spain, Valencia to be specific. Seville is also popular. Heck we're even kicking around some stones in that regard.

[Tony]

These are high net worth individuals for the most part. With $1,000,000 US or more in liquid investable cash. I expect that most have considerably more to be even on the organizations radar.

 

https://www.henleygl...ion-report-2024

[Victoria Watcher]

The UK is expected to see an unprecedented net loss of 9,500 millionaires in 2024 — second only to China worldwide, and more than double the 4,200 who left the country last year, which was itself record-breaking following the exodus of 1,600 high-net-worth individuals (HNWIs) in 2022. For the third year running, the UAE looks set to take first place as the world’s leading wealth magnet, with a record-breaking 6,700 moneyed migrants expected to make the Emirates home by the end of the year, significantly boosted by large inflows from the UK and Europe.


https://www.henleygl...ion-report-2024

Edited by Victoria Watcher, 08 July 2024 - 09:24 AM.

[Mike K.]

It sure does erode the narrative that many immigrants coming to Canada are wealthy millionaires, driving up real-estate prices.

We’ve clamped down on foreign investments in our housing market and I don’t see prices catapulting down.

[IPH]

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France doesn't even show up on the above millionaire migration map.  But this proposal from the far left party would be sure to change that and not in a good way! 

France Elections 2024: Leftists Propose 90% Top Marginal Income Tax Rate - Bloomberg

[Victoria Watcher]

[Nparker]

Immigration levels are 100% within a government's power to control. The only logical conclusion one can draw from the Justin Trudeau Liberals' performance in this area is that their goal is to destroy Canada. Nothing else is even a remote possibility.

[Victoria Watcher]

[Victoria Watcher]

In 2023, 10% of all international students in the world were in Canada. By contrast, the USA had 17%. (UK 11%, France/Australia/Germany all 6%). The USA has 10x as many people....&, yet, in 2023, they didn't even have 2X as many international students.

 

 

 

 

 

 

 

Foreign student permits are already outpacing 2023's record numbers

 

IRCC numbers say Canada handed out 216,620 international study permits in the first five months of 2024

 

https://nationalpost...-record-numbers

 

 

 

 

Canada has been granting the vast majority of permits to India, with 278,335 going to students from that country in 2023, a number nearly five times more than to students from China, the second-highest country of origin, who were granted 58,230 permits in 2023.

 

Canada’s third-most popular source of international students in 2023 was Nigeria, with 37,575 permits handed out in 2023, followed by the Philippines with 33,830, and Nepal at 15,920.

 

During the first five months of 2024, Indian students were granted 91,510 permits, more than the 85,805 granted over the same period last year.

 

Chinese students received 21,240 permits in the first five months of this year, compared to 15,565 granted between January and May 2023.

Edited by Victoria Watcher, 22 July 2024 - 07:02 AM.

[Tony]

What impact might the publication of the new guidelines have on earlier applications for 2024?

 

New 2024 rules for international students coming to Canada

Here’s an overview of changes that may impact international students planning to study in Canada:

• Temporary federal cap on international student intake: The number of study permits being approved in 2024 is expected to decrease by 35 per cent over 2023 to 360,000. The cap for 2025 will be decided at the end of 2024.
• Changes to Post Graduation Work Permit (PGWP) eligibility criteria: International students beginning study programs in private colleges delivering licensed curriculum on or after September 1, 2024, will not be eligible for PGWPs. 
• Longer PGWPs for master’s graduates: Students who’ve completed master’s programs in Canada will soon be able to get three-year PGWPs.
• Changes to Spousal Open Work Permit eligibility: Only spouses of international students enrolled in master’s, doctoral, and professional programs will be eligible for open work permits.
• Updated cost-of-living requirements for students: Starting January 1, 2024, international students will need to show they have at least $20,635 (previously $10,000) to cover their living expenses (the requirement is different for students moving to Quebec).

Edited by Tony, 22 July 2024 - 07:45 AM.

[lanforod]

Impact?

 

I imagine some international students will decide not to come here if they can't get a PGWP, or their spouse can't get a work permit. Might get more applicants in the future for master's/ doctoral programs.

Likely some will be rejected due to not having enough money for living expenses.

Less applications will be accepted - mainly for those colleges/institutions that would be over their provincially mandated caps; I suspect this will primarily be those private 'colleges'.

 

The main impact is on those 'diploma mill' / path to permanent residency institutions. Personally, I'm fine with that.

[Victoria Watcher]

The UK must be disturbing to them.

 

 

 

 

 

 

The United Arab Emirates is on track to be the world’s top wealth magnet for the third year running, according to the Henley Private Wealth Migration Report.

 

At the same time, the U.K. – already the source of many of the UAE’s expatriates – is projected to see its millionaire population drop by 17% by 2028, according to Swiss bank UBS.

 

High-net worth individuals are in many cases voting with their feet, seeking greener pastures – or in the case of tax-free expat hubs like Dubai, sandier beaches – as costs and taxes rise in their home country. The trend is likely to accelerate in the wake of the landslide election victory for the U.K.’s Labour Party in June, according to some financiers.

 

 

https://www.cnbc.com...ing to research.

Edited by Victoria Watcher, 30 July 2024 - 01:14 PM.

[Victoria Watcher]

How can the Trudeau government fix its immigration mess? Press 'Rewind'

 

 

Canada used to prioritize choosing future citizens with high skills and good career prospects, but the Trudeau government turned that notion on its head.

 

https://www.timescol...-rewind-9331010

 

 

 

 

In 2021, Gallup polled 127,000 adults in 122 nations. It asked about their interest in immigrating to another country. In South Asia, one of every nine people said they hoped to move. The figure in Southeast Asia was one in seven. In the Middle East and North Africa, more than a quarter of the population wanted to leave. In Latin America, the Caribbean and sub-Saharan Africa, the tally was 37 per cent.

 

Gallup has been conducting this survey periodically since the early 2000s, and each update shows an increase in two figures: the number of people who want to emigrate, and the number who say Canada is where they want to go.

 

Gallup concluded that nearly 900 million people hoped to move to another country in 2021. Eighteen per cent had the United States as their first choice. The next most popular destination was Canada at 8 per cent. The pollster estimated that 74 million adults hoped to immigrate here.

Edited by Victoria Watcher, 10 August 2024 - 03:46 AM.

[Victoria Watcher]

Canada’s foreign worker program ‘breeding ground’ for modern slavery: report

 

https://halifax.city...slavery-report/

[lanforod]

Matt R, that article basically says you're a slaveowner if you've got TFWs... jeez.

[Matt R.]

Oh yeah it’s brutal, they hate salt spring. Worst.

[Victoria Watcher]

Metro Vancouver expected to grow by 50,000 people a year: Report

 

 

The region is projected to exceed four million people by 2050

 

https://vancouversun...000-people-year