The Canadian government has decided to end a long running immigration investment program that allowed rich foreign investors to apply for permanent residency in Canada if they invested in the country.
Around 60,000 applicants to the Canadian program will be taken off the list and refunded their application fees.
Those sudden changes have many in the U.S. expecting those rich investors, mainly from China, to turn to the Seattle area to invest their money.
A similar investment program in the states called EB-5 offers a green card to wealthy foreign investors in exchange for investment in the U.S. economy.
"This is a good thing," said Becky Lee, broker with Realogic Sotheby's International in Seattle.
Lee has specialized in Asian relations in the Seattle market for nearly 40 years and says the interest has never been greater. She also points out that the recent changes in Canada makes Seattle an enticing option because of EB-5, and the high cost of rent is an incentive for Chinese developers.
"And if you show them 2 or 3 million dollar homes, they are not satisfied," she said with a chuckle.