RBC Economics: : Housing Commentary "Foreign buyers now play a larger role in Ottawa than the GTA"

Tina Myrvang

Client Care Lead
Staff member
REIN Member
Highlights of the report:
The Greater Toronto Area is no longer the housing market where foreign buyers hold the largest sway after Metro Vancouver and Victoria. That title now goes to Ottawa, based on residential transactions between November 18, 2017, and February 16, 2018. But foreign buyers aren’t suddenly rushing toward Ottawa; their interest in that market has increased only slightly in the past year. Instead, the reversal illustrates the extent to which foreign buyers have reduced their involvement in the GTA market since the Ontario government introduced its Fair Housing Plan in April 2017.

Link to the full report
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