Why foreign-owned condos really are a problem
Concentrations in the downtown cores of major cities are high
Why are mortgages so expensive in Canada?
Created By
Ratehub.ca
Homeowners recently sighed with relief when a recent Canada Mortgage and Housing Corporation study found that the percentage of foreign-owned condos in Canada’s biggest cities is typically less than 2.5%. But when we took a deeper dive into the numbers, we found much higher concentrations in the downtown cores of the cities below. That’s worrying because if enough foreign owners get spooked and sell, it could set off a crash that reverberates through the whole city.
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