Interesting that this level of detail and specific demographic has been identified, studied and the conclusion is this clear and with precision. Yet the range of estimates related to the demographics of foreign real estate purchasers in Toronto and Vancouver you could drive a bus through. This has resulted in warring conclusions from i) Canadians looking to buy real estate versus ii) Asian purchasers/families looking to be Permanent Residents, Immigrant Investors or residents for tax purposes, and iii) the real estate agents in the middle, holding all the facts and information but not looking to spill the beans to either side.
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