Canada is poised to attract approximately 128,000 millionaires in 2024, ranking fourth globally for millionaire migration. The top countries gaining millionaires include the United Arab Emirates, the United States, Singapore, Canada, and Australia, while China, the United Kingdom, and India are among those losing millionaires [585e383a]. This influx of wealthy individuals is attributed to Canada's economic stability, high quality of life, favorable investment opportunities, welcoming immigration policies, and social stability. These factors are making Canada an increasingly attractive destination for those seeking a better lifestyle and financial security [585e383a].
The benefits of millionaire migration to Canada are significant, contributing to foreign exchange revenue, job creation, growth in the stock market, and expansion in the real estate market. Common motivations for these wealthy migrants include safety, financial concerns, business opportunities, lifestyle preferences, and the pursuit of quality education for their children [585e383a].
In the context of international student migration, Canada has also become a preferred destination for students, particularly from India, who are seeking better educational and job opportunities. This trend is further enhanced by the challenges faced by international students in the United States, including job market uncertainties and competitive visa processes [67245f7c]. As Canada continues to attract both millionaires and students, its position as a global leader in immigration and education is solidifying, reflecting a broader trend of migration towards countries that offer stability and opportunity [0be4b459].