According to the Royal LePage Carriage Trade Luxury Properties 2016 Report, Canada’s luxury residential real estate market has seen a notable increase in foreign buyer activity over the last 10 years, with some realtors suggesting that more than 25% of luxury properties now purchased by foreign buyers. This report analyzed the luxury real estate market in four cities: […]
foreign home buyer
More foreign buyers are investing in Canadian luxury homes
The Canadian real estate is an attractive market for foreign buyers these days. But for all of the attention and debate on the matter, we understand shockingly little about just how much of the market is foreign-owned and what affect that has, particularly on house prices. Royal LePage, Canada’s largest real estate company, tried […]
Canada’s housing shows some cooling signs after long boom years
In 2016, seven (7) years into a Canadian housing boom that many have warned will end in a bust, there are signs of a sales slowdown in Toronto and Vancouver, the two hottest cities, with some economists and real estate agents saying the peak has passed. A cooling of sales activity in Toronto and […]
Buyer’s gridlock – Why Toronto homeowners struggle to ‘trade up’
The idea of a starter home may be a thing of the past in Toronto and Vancouver, as an increasing number of homeowners looking to “trade up” are finding themselves priced out of the market, according to a new report from the TD Bank Group. Chief Economist Beata Caranci says homeowners in Canada’s two […]
Real estate agents believe more foreign buyers snapping up luxury properties – survey
About a quarter of real estate advisors across Canada suspect that at least 25 per cent of luxury properties in their market have been snapped up by foreign buyers, according to a new survey. While some real-estate observers have levelled blame for this country’s hot housing market at an influx of foreign cash, there […]
