Jul
05
Foreigners Account for 4.7% of Home Sales in Toronto Region
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Ontario releases data on foreign buyers after imposing tax
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Estimates are in line with other real estate surveys
The Ontario government said overseas buyers accounted for just 4.7 percent of home purchases in the Toronto area over a recent one-month period. The new data is in line with other surveys, signaling that foreigners haven’t been major drivers of real estate prices in one of Canada’s most expensive markets.
Non-residents bought about 860 properties between April 24 to May 26 in the so-called greater golden horseshoe region of Ontario which includes Toronto, Hamilton and Peterborough, the province said in a statement Tuesday…
Foreigners Account for 4.7% of Home Sales in Toronto Region
