Canada's Foreign Direct Investment Program End to Impact the Eastside

Following a surprise announcement that Canada decided to shut down its foreign direct investment program, leaving around 60,000 would-be investors, mostly Chinese nationals, unable to make their move into Canada, media outlets around the globe were eager to report on the impact of this decision. King 5’s Jake Whittenberg aired a TV News segment called “Changes in Canada could lure scores of rich Chinese to Seattle” on February 13th, which interviewed Realogics Sotheby’s International Realty’s Dean Jones and Becky Lee, who both discussed what this means for both the Seattle and Eastside areas. The likely outcome for the Eastside? We will see many Chinese nationals who'd been attempting to gain Canadian residency, turn to our area instead due to its close proximity to Seattle and the valuable schools and resources throughout the area.

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