B.C. homebuyers tax unable to deter China-Vancouver air travel

Published on : Wednesday, January 25, 2017

air-travelBritish Columbia has imposed a 15% tax on purchase by foreigners for Chinese homebuyers. This, however, seems to have a nil impact on the number of flights from China to Vancouver that keeps on soaring.

 

Beijing Capital Airlines have introduced a new service between Hangzhou, Quingdao and Vancouver on 30th December.

 

Therefore, this implies that six of the airlines from the People’s Republic of China now serve the Canadian gateway.  Now, Vancouver International Airport has a greater number of Chinese carriers as compared to any other airport in North America and also Europe. It is more than San Francisco, Chicago, Los Angeles, Paris and Heathrow, according to Craig Richmond, the CEO and President, Vancouver Airport Authority.

 

He had mentioned this while addressing the Vancouver Board of Trade on 18th January. It is here that he had unveiled the plans for the expansion of a $5.6 billion airport.

 

The capacity between Vancouver and Chinese locales increased to about 25% in the year 2016 to 1.4 million seats.

 

Once Hong Kong Airlines launches services in July, the capacity to Taiwan, Hong Kong and China would have escalated to 46% in 18 months. Beijing Capital has joined Air China, China Eastern, China Southern, Sichuan Airlines, Xiamen Airlines in offering service to routes between the nine Chinese destinations and Vancouver.

 

Richmond feels that the rise in trans-Pacific air travel is the persistent growth of the Chinese economy and the middle class.

 

There are more people travelling, he thinks, that amounts to about nine to 10 million people as he stated in an interview. Richmond also said that the visa-free travel plans that permits Chinese travellers to travel with a U.S. visa through Canadian airports have also made Vancouver a Chinese-friendly city.

 

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