British Columbia has lesser hope from immigration this year

High COVID-19 case numbers have made Canada immigration sluggish in British Columbia. The latest observation is that the exports from British Columbia will power the economic recovery of the province now that the tourism industry here is struggling to get back on its feet.

Even though this is speculation for the short-term, things are expected to brighten up in the long run as the province’s immigration performance will regain momentum. The effects of the COVID-19 pandemic are likely to be felt well into the spring and summer of this year. The general trend seen in this period will be low immigration.

The vaccination drive in Canada is a positive factor that could be counted in. But to achieve herd immunity, Canada will have to wait at least until September 2021.

The performance of the exports sector in British Columbia is stronger as the province has trading ties with a country like China which is expected to grow economically by 8.4% this year. In fact, the economic recovery in British Columbia is expected to be more than the national average of Canada in 2021.

In 2021, British Columbia is expected to recover and expand at the rate of 4.5%. In 2022, the province is expected to grow by 4.8%.

Here are some facts regarding the recent performance of immigration in British Columbia:

• The count of new Canada PR fell by 43.3% in 2020
• The hardest-hit immigration programs in British Columbia were related to business immigration. The numbers of immigrants were lowest in the following:
  • British Columbia Entrepreneur stream
  • Start-up Visa program
  • Federal Self-Employed class
• In 2020, there were fewer people who came new to British Columbia with the status of a Canadian permanent resident. Their number was lesser by 8,225 people.
• Economic immigration fell in British Columbia by 38.8%.

If you are looking to Study, Work, Visit, Invest or Migrate to Canada, talk to Y-Axis, the World’s No.1 Immigration & Visa Company.

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Note:

PR – Permanent Residence