Canada (ADS) Status and Vancouver Real Estate

We’re starting off 2010 in the right direction with the new travel opportunities for Hong Kong and Mainland Chinese visiting Canada.

Canada has recently been awarded approved destination status (ADS), after the Canadian Prime Minister, Stephen Harper, traveled to China at the end of 2009. This allows Chinese to visit Canada using tourist visas. This marks history for Canadian – China relations as thousands more Chinese will have an opportunity to travel to our country.

Currently Vancouver has a huge Asian community due to its most desirable standard of living, weather, education system and beauty. Many Chinese have immigrated and relocated to Vancouver after having the opportunity to visit and experience our beautiful city. The new destination status (ADS) will change the access to Canada for Cantonese & Mandarin speaking Asians.

The new (ADS) destination status we will see an increase in the number of Asian tourists traveling to Vancouver. This will increase business for our tourist related industries such as restaurants, hotels, airlines etc. As a Vancouver Realtor I’ve seen major increases in sales of over the years of Westside houses being purchased by Mainland & Hong Kong Chinese. I believe when more Chinese have the ability to travel to our city we’ll see more Chinese choosing to live in our multi-cultural city.

I look forward to what this New Year brings Vancouver as our status on the world stage has been increased with Canada’s (ADS) designation. This change in Canada policy issues a ‘New Era’ in Chinese – Canada relations.