While StatsCan data shows that foreign buyers make up only a small per cent of home buyers in Canada, they’re still perceived as buying up the market, a new study shows.
According to a study from the Canada Mortgage and Housing Corporation, 68 per cent of Vancouver respondents, 48 per cent of Toronto respondents and 42 per cent of Montreal respondents say that foreign buyers have “a lot” of influence on the market prices.
You can judge for yourself as you check out this week’s selection of homes listed for $1 million: residences in Markham, Ont., Calgary Alta. and Vancouver B.C. are all featured this week.
Which would you choose?