House flipping not such a big deal says CIBC’s Tal

The flipping of Canadian homes by foreign investors may not be as big a problem as some believe.

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. 

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