FSW WORLDWIDE

[GandiBaat]

Hey, so what do you think, will there be fsw draws in the future?

I guess summer 2022 will be all program draws.

 

[Jaycejay]

I guess summer 2022 will be all program draws.

Too late for me; I’ll have to forget about Canada if no draws till March

 

[Jaycejay]

According the the last internal memo; they would restart EE draws when at least half of all EE backlogs are cleared; with the current pace, I estimate that half of the backlogs will be cleared by late January/early February. Draws should resume by Feb/March

 

[Windsor37]

Band-aid over bullet wounds... They need:
1. Tax capital gains on residential properties at higher rate (70-80%) unless the property was held by the seller for 50 years. No exemption for primary residences.
2. No sale in minimum 2 years.
3. Federal mandate on forcing municipal corporation to allow multi-family homes / duplexes on all lots bigger than 5000 Sqft.
4. Make all real estate transactions public records.
5. Force to list all share holders of numbered corps which just own residential property, that information cannot be treated as attorney-client privilege.
6. Regulate real estate agent / realtor professionals and enforce a fixed commission model instead of percentage of selling price. Remove incentive of bidding wars.
7. People with no income like housewives and students need to declare the source of their money to buy houses. If it is just gift/foreign money/casino money then it should be taxed at highest slab of income before they can buy any property.
8. Regulate gaming industry (casinos) to limit maximum amount of money that can be given or taken in cash or chips form. Create incentives to report mal practices with cash awards to those who report such scams.

1. The 50 year limit is a bit high, a 10 year limit would suffice. If <10 yrs, 80%, else 50%.
2. Feels too restrictive, unless you meant no sale to foreign buyers for 2 years. Then more power to you.
3. Fair.
4. Not good for privacy.
5. Ok, but to what end though? taxes?
6. Agreed, in fact to go further, make sure bidding is transparent.
7. Sounds a bit prejudice. Sure the money trail is one thing, and it will definitely raise flags, but if the source of that cash is legal then it shouldn't be subjected to it. eg. a poor Canadian housewife who managed to score the next lottery numbers, shouldn't be subjected to higher taxes.
8. This doesn't make any sense to me. For two reasons, (1) most high-profile gambling sites is situated outside Canada, they just wire the money in, and (2) if you're concerned about money laundering, there are already laws in place against it. Why put gambling specifically in the crosshairs?

 

[Windsor37]

According the the last internal memo; they would restart EE draws when at least half of all EE backlogs are cleared; with the current pace, I estimate that half of the backlogs will be cleared by late January/early February. Draws should resume by Feb/March

I surely hope so.

 

[Jaycejay]

It’s the kind/nature of draws that no one is sure of. Would it the stream-specific or no-program? We’ll have to wait and see

 

[seadrag0n]

Too late for me; I’ll have to forget about Canada if no draws till March

Try learning French if you can. I read that two of the modules(don't know which ones) are easier to learn without spending a ton of time if you don't know any French and you get 3 CRS points for each module.

 

[Jaycejay]

I love how literally no one is expecting a surprise Xmas draw on the 23rd of Dec, similar to last year’s final draw. We have finally learned to tailor our expectations to the reality

 

[Jaycejay]

Try learning French if you can. I read that two of the modules(don't know which ones) are easier to learn without spending a ton of time if you don't know any French and you get 3 CRS points for each module.

Nahh; I can’t spend a dime or extra effort anymore on Canada unless i get an ITA. I’m already trying to move to the EU now; I’m done investing in Canada

 

[seadrag0n]

Nahh; I can’t spend a dime or extra effort anymore on Canada unless i get an ITA. I’m already trying to move to the EU now; I’m done investing in Canada

Look out for Germany then, saw this in my news feed today.

 

[Deleted member 1050918]

Look out for Germany then, saw this in my news feed today.

Reminds me all the shit I got here from hopeless romantics (who haven't even seen Canada once) when I suggested Germany and other EU options. Take my word on it as someone who's lived in Canada: Canada is a shitty country with a shitty job and real estate market. The only reason to choose Canada among all those other superios options was the speed and ease of FSW. Since FSW is practically dead now, Canada is a waste of time.

I've been looking at EU/US options and if I can land a decent job offer I probably won't even do the landing of my PNP app.

 

[GandiBaat]

1. The 50 year limit is a bit high, a 10 year limit would suffice. If <10 yrs, 80%, else 50%.
2. Feels too restrictive, unless you meant no sale to foreign buyers for 2 years. Then more power to you.
3. Fair.
4. Not good for privacy.
5. Ok, but to what end though? taxes?
6. Agreed, in fact to go further, make sure bidding is transparent.
7. Sounds a bit prejudice. Sure the money trail is one thing, and it will definitely raise flags, but if the source of that cash is legal then it shouldn't be subjected to it. eg. a poor Canadian housewife who managed to score the next lottery numbers, shouldn't be subjected to higher taxes.
8. This doesn't make any sense to me. For two reasons, (1) most high-profile gambling sites is situated outside Canada, they just wire the money in, and (2) if you're concerned about money laundering, there are already laws in place against it. Why put gambling specifically in the crosshairs?

1. Given the extreme disconnect of market from local economy, it is necessary to completely destroy worth of real estate as an investment in short term. 10 years will still allow REITs/private investors to gobble up inventory. The main purpose of residential real estate is provide shelter. Investment is hampering that.
2. 12 months is nothing. If you want to target flippers, 24 months is a good target.
3. N/C
4. It was never supposed to be private in the first place as it is market data. If it helps, USA/Calif has entire sales records publically available.
5. To ensure foreign buyers / mega buyers are not hiding behind numbered companies or trusts which just hold the property. They appoint a lawyer as a trustee or local caretaker and use attorney client privledge to hide their real identity. Common in Vancouver.
6. N/C
7. Satellite family is very much a thing. Foreign buyer sends relatives with money to buy real estate in Canada (living as students / housewife). Whats worse is that these folks even claim benefits due to low income.
8. Learn about Vancouver model. You have money in China that you want wash? You go to Macau and buy chips at the casinos there. They have tie ups with Casinos in Burnaby/View Royal so you can claim the chip here as winnings. Same with cash. Bring cash, take chips, claim winning and wash black money white then park in real estate. In Canada, there is no tax on Casino winnings. Even there is no tax on lottery (also comes under "gaming") : https://turbotax.intuit.ca/tips/are-my-prize-or-lottery-winnings-taxed-3743

 

[seadrag0n]

Reminds me all the shit I got here from hopeless romantics (who haven't even seen Canada once) when I suggested Germany and other EU options. Take my word on it as someone who's lived in Canada: Canada is a shitty country with a shitty job and real estate market. The only reason to choose Canada among all those other superios options was the speed and ease of FSW. Since FSW is practically dead now, Canada is a waste of time.

I've been looking at EU/US options and if I can land a decent job offer I probably won't even do the landing of my PNP app.

The article says minimum B1 level in the German language is mandatory which is a big ask. How many people do they think knows German outside of Germany/EU? Also, job offer is mandatory so FSW/PNP is still a better option.

 

[Impatient Dankaroo]

Reminds me all the shit I got here from hopeless romantics (who haven't even seen Canada once) when I suggested Germany and other EU options. Take my word on it as someone who's lived in Canada: Canada is a shitty country with a shitty job and real estate market. The only reason to choose Canada among all those other superios options was the speed and ease of FSW. Since FSW is practically dead now, Canada is a waste of time.

I've been looking at EU/US options and if I can land a decent job offer I probably won't even do the landing of my PNP app.

Lol pretty identical to Canadian system. B1 German? No chance. Big reason I chose Canada is my native English fluency, if I go to Germany or Europe, I'll be an outcast. And not sure if you met Europeans, those guys will always consider you inferior as an immigrant.

Europe isn't the paradise you make it out to be. If you're in tech then that's another thing. The world is your oyster, not just Europe

 

[he5ham]

Reminds me all the shit I got here from hopeless romantics (who haven't even seen Canada once) when I suggested Germany and other EU options. Take my word on it as someone who's lived in Canada: Canada is a shitty country with a shitty job and real estate market. The only reason to choose Canada among all those other superios options was the speed and ease of FSW. Since FSW is practically dead now, Canada is a waste of time.

I've been looking at EU/US options and if I can land a decent job offer I probably won't even do the landing of my PNP app.

Try to give off your negative feelings elsewhere. "Canada is a shitty country"
Ok thanks. This is what you think. Fine! But this is what YOU think. Maybe you live in a better place but many here are so desparate to leave their countries and end up in a better place.

I am sorry but I am sick and tired of this behaviour/negativity.