With the new wave of immigration driven by the newly wealthy class in mainland China, the number of applicants for Canadian investment immigration has also rapidly increased. Statistics show that China is the largest source country for investment immigration, with British Columbia being the preferred settlement location for as much as fifty percent.
For the past decade, China has consistently been the largest source of immigrants to Canada. There have been three peaks of Chinese immigration to Canada over the past 30 years: the first wave was the study abroad trend 20 to 30 years ago, the second wave was the skilled immigration trend that emerged over a decade ago, and now we are entering the third wave of investment immigration. Notably, since the end of last year, the number of applicants for investment immigration has significantly increased, doubling compared to the same period last year.
Research has found that China is a major source of investment immigrants. After 1999, mainland China became the primary source, accounting for 53% of all investment immigrants. By destination, British Columbia is the preferred settlement location for investment immigrants, accounting for 49% of the total, followed by Ontario at 23% and Quebec at 22%.
Many Chinese individuals invest in immigration to Canada for their children's education, as well as to secure a good retirement environment. Additionally, with a large Chinese community in Canada, it is very convenient for Chinese people to live here.
