2 ms·
"They finally started tracking it and it was barely above 5% (all foreign purchases)." I don't closely follow that story and I haven't seen your sources, but i
by rsync 9y ago
"They finally started tracking it and it was barely above 5% (all foreign purchases)."
I don't closely follow that story and I haven't seen your sources, but in general a 5% marginal increase in buyers can completely transform a market.
- refurb 9y agoWhat impact does the other 95% of Canadians who now hold record levels of real estate debt have? Do foreign purchases have an impact on the market? Sure. Would the market still be crazy overheated and ready to collapse without foreign purchases? I'd bet it would.