Metro Vancouver

Metro Vancouver: The investor immigration program offered Canadian residency to millionaires willing to make an $800,000 investment, often in the form of a loan to the government. Nearly all of those immigrants ended up living in Metro Vancouver, according to CTV. "I don't think you can bring tens of thousands of millionaires into a relatively small market like Vancouver and expect that it not going to have an effect in some way pushing up prices," said Ian Young, correspondent for the South China Morning Post and Thousands of Chinese millionaires poised to move to Vancouver have had their relocation plans scuttled by the Harper government. They were planning to immigrate to B.C. under the so-called millionaire visa program. When the program was scrapped, those plans were halted, but hundreds of Chinese are not giving up. They're now suing the federal government to get their spot back in the queue. From 2005 to 2012, 37,000 visas were issued to immigrants moving to B.C. Its a move some say helped push Vancouver housing prices into the stratosphere. (www.immigrantscanada.com). As reported in the news.