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> As for wealthy immigrants, the amount of purchases by foreign investors are few compared to locals purchasing. The marginal buyer[1] has pricing power, so it
by User23 6y ago
> As for wealthy immigrants, the amount of purchases by foreign investors are few compared to locals purchasing.
The marginal buyer[1] has pricing power, so it doesn’t need to be a huge number. Pricing is complex though so I’m not sure that’s really what makes sense to call the root cause.
[1] http://www.jnrealty.ca/buyers/what-is-a-marginal-buyer-/ http://www.jnrealty.ca/buyers/what-is-a-marginal-buyer-/
- woleium 6y ago> Across the country, the prices for real estate rose by 1.3% in February compared with the month before. however, in Toronto, the rise for similar period was 2.6%. This actually makes the strongest gain in 5 months. However, although the prices rise in both Toronto and Vancouver, listings and sales are falling in these cities. But the article has no date. Seems like marketing copy to me.