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.
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.