+1(514) 937-9445 or Toll-free (Canada & US) +1 (888) 947-9445

Ray of Hope - 139th Draw

HopelessBR

Star Member
Mar 18, 2020
87
22
Category........
STUDY
Visa Office......
Sao Paulo
Hello guys, I've been following this forum since October 2019 but finally decided to participate here. It seems like we won't have a draw today though.
 
  • Like
Reactions: facethereality

alexross

Hero Member
Jan 11, 2018
336
278
If country is in recession then they will not invite immigrants. Because if they can’t give jobs to Canadians (Inland people) how they will give job and benefits to new immigrants .
I am not too sure about this reasoning. The real estate prices in places like GTA are kept high due to the high influx of immigrants. Lot of investors are getting high rental yields and sky high capital gains due to new incoming immigrant's need for housing propping up the housing prices. If immigrants do not come in there will be a huge blow to the real estate market and consequently the Canadian economy. I think to prevent a recession due to crash in housing prices, they will not very easily decide to stop immigrants from coming in. Just my two cents
 
  • Like
Reactions: |l|R|l| and Canex17

facethereality

Hero Member
May 29, 2019
466
296
Congratulations on being right before. Still the fact remains brother that all you want is panic. And you were not entirely right. In March 2019 it was in 450s only and it jumped to 470s and returned back to 457 in august. Now due to this unfortunate pandemic wes and ielts are slowed down but still you are busy with sensational scary stories. Good luck but Please show up on today's draw and new ray of hope. I request.
I don't make false prediction for no reason and I show up here today

The next draw probably after April 5th..we never know..maybe next week

but if this is the case, I don't even know the score
 
Last edited:

facethereality

Hero Member
May 29, 2019
466
296
I am not too sure about this reasoning. The real estate prices in places like GTA are kept high due to the high influx of immigrants. Lot of investors are getting high rental yields and sky high capital gains due to new incoming immigrant's need for housing propping up the housing prices. If immigrants do not come in there will be a huge blow to the real estate market and consequently the Canadian economy. I think to prevent a recession due to crash in housing prices, they will not very easily decide to stop immigrants from coming in. Just my two cents
House price not necessary draw by immigrants...Toronto is a popular city for local people too

In fact, many new immigrants are only able to rent and draw up rental price only

It won't stop immigration...but def raise the score bar from here
 
  • Like
Reactions: alexross

HopelessBR

Star Member
Mar 18, 2020
87
22
Category........
STUDY
Visa Office......
Sao Paulo
Worst case it may be after April 5th
Yeah, maybe they stopped all the immigration related works for good till then. I'm afraid of the score if this happens. Our score is currently 450 but my husband sat TCF early this month in the hopes to boost it but I don't even think we will get his score on time.
 
  • Like
Reactions: Bobbyj

Rohit22

Member
Dec 20, 2017
16
11
I am not too sure about this reasoning. The real estate prices in places like GTA are kept high due to the high influx of immigrants. Lot of investors are getting high rental yields and sky high capital gains due to new incoming immigrant's need for housing propping up the housing prices. If immigrants do not come in there will be a huge blow to the real estate market and consequently the Canadian economy. I think to prevent a recession due to crash in housing prices, they will not very easily decide to stop immigrants from coming in. Just my two cents
The boom in real estate prices esp in GTA and Vancouver is primarily becoz of Chinese investors coming in and investing in property (another way to get a PR) and not because of EE immigrants who have to come and work in minimum wage.
You can judge me for this statement but it's fact.

And do u think the Canadian govt will risk allowing new ppl to come in (they've even barred Americans starting today) just so housing prices are up WHICH will prevent recession!? It's a laughable assumption sorry
 

alexross

Hero Member
Jan 11, 2018
336
278
House price not necessary draw by immigrants...Toronto is a popular city for local people too

In fact, many new immigrants are only able to rent and draw up rental price only

It won't stop immigration...but def raise the score bar from here
Typically when rental prices goes up that pushes the property value up as well. For example if a property goes for $1000 rent, then using that $1000 rental income, an investor is able to pay a monthly mortgage loan of $1000 which translates to a purchasing power of $200,000. Similarly if the rent goes upto $2000, the same property is now worth $400,000 because the increased rent of $2000 now supports the higher property purchase price of 400,000 and it's monthly loan repayment. Not saying you are wrong, but just putting my reasoning out there that even though new immigrants might only rent, they indirectly push up the property values as well.
 
Last edited:

facethereality

Hero Member
May 29, 2019
466
296
Typically when rental prices goes up that pushes the property value as well. For example if a property goes for $1000 rent, then using that $1000 rental income, an investor is able to pay a monthly mortgage loan of $1000 which translates to a purchasing power of $200,000. Similarly if the rent goes upto $2000, the same property is now worth $400,000 because the increased rent of $2000 now supports the higher property purchase price of 400,000. Not saying you are wrong, but just putting my reasoning out there that even though new immigrants might only rent, they indirectly push up the property values as well.
Yes, but Toronto is not an ideal city for new immigrants at all...Can people afford C$2000 per month just for one bedroom condo or $2400 for two bedrooms? Yes, this is the price for downtown and North York but nothing better in surrounding/sub-urban area

Most people only afford to live in basement, shared room or far away like Hamilton, Oshawa etc

EE program is different than Investment immigration....

only 30% of EE immigrants are lucky today and live like a typical Canadian (I consider I am one) but this is the fact 70% are still struggling. More immigrants is great for country but not a single city
 

zagcollins

Hero Member
Sep 9, 2017
960
531
Category........
FSW
The rumors are alive and well. Just like the coronavirus. You and I have no idea why there was no draw. Best guess is cuz everything's been shut down. The whole recession meets let's not invite new immigrants theory cannot be true. At best, they might adjust targets is all.

Someone here also stated that EE immigrants have come to Canada to work on minimum wage. Nope. Not true. There are people here who are struggling. But, there are so many doing well.
 

imransyed

Full Member
Feb 26, 2020
47
24
Category........
FSW
I inquired about my visa office a few days back and got a reply from CIC today, about 4 hours ago. So I am guessing, at least today, people were at work in the CIC offices.
 

Wrath

Hero Member
Nov 3, 2019
359
151
Toronto
Category........
CEC
As I said previously, please don't base your hopes on the spread of corona and low CRS. There is no need to be excited about closure of IELTS and delay in ECA and the resulting impact on CRS.
As a result of economic recession, Canada may reconsider its immigration targets.
Stay positive and safe folks.
That doesnt sound good. Am from toronto. Everyone is getting layoffs. Dont know how bad its gonna affect Economy and recession is on its way. Such a bad times. Everything is uncertain at the moment. Hope everything passes away soon.