|Toronto Harbourfront Condos|
According to the latest numbers compiled by a leading Toronto Condo research firm foreign buyers represent only 5 per cent of new Condo sales in the Greater Toronto Area.
Local investors far out number foreign investors in purchasing new Toronto Condos showing a limited role of foreign buyers.
This survey completed among Toronto Real Estate Brokerages and new Toronto Condominium developers show local purchases of new Condominiums outnumber non-resident buyers.
Domestic Condo investors with primary residence in Canada made up 52 per cent of Toronto Condo sales that were going to be rented out upon completion.
This survey looked at Toronto Condo buildings under development between July and September 2016.
Iris Li is a Toronto Condos Realtor specializing in Toronto Downtown Condos.
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