Overseas buyers head for Toronto Condos
Foreign property investors looking for a reliable location in which to splash their cash are choosing property in Canada as a safe investment choice.
The market for residential real estate in Canada did not experience the devastating crash that hit the USA real estate markets, in fact a steady growth in property prices has occurred during the last decade and this together with a stable economy and strong financial systems in place has been the attraction for foreign investors.
Toronto - Canada’s largest metropolis – in particular is attracting high numbers of overseas investors and with many new condo developments appearing across the city high demand from non-resident buyers is helping to keep prices in an upward direction.
Local agents agree that the local market offers a great starting point for low risk investors to reap higher rewards long term than the stock market.