Foreign buyers taking more of the condo market

The CMHC has confirmed what has been fodder for many anecdotes, the percentage of foreign condo buyers are increasing in Toronto, Vancouver and Winnipeg.  What is happening on the freehold market is anyone’s guess because we don’t have the data.  Why they are buying?  It could be folks who want to hold a “usually” stable asset in a country with the “rule of law” – hopefully it isn’t “fast money” where owners will dump their housing asset and run to the next hot thing.

Read original CMHC article here

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