According to CIBC economist Benjamin Tal, it appears that the majority of foreign funding for real estate purchases in Canada, is to buy a home for family to live in. Although data is sketchy, there are many who believe that foreign investors buy here just to make a quick profit.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Suffield, Gordon, Horse Creek, Hope Town, St-Bernardin
The flipping of Canadian homes by foreign investors may not be as big a problem as some believe.