Recreation Homes in Demand for a New Demographic

Canada’s recreational home market is growing thanks to a new group of homebuyers claiming their piece of the cottage and vacation homes market. As more Canadians work remotely, they are shunning the city life for a more relaxed home-working environment. Sotheby’s International president and CEO Brad Henderson says that he has seen a growing trend for people leaving Montreal or …

Foreign Buyers only 3.4% of Toronto Home Sales

Homeowners in Toronto and Vancouver believe that foreign investors are responsible for driving home prices upwards but there are no official statistics to support this theory. “It has been a misconception among Canadian home owners for a few years that foreign buyers have been the cause of the housing shortage and escalating sale prices. However, statistics are showing that foreign …