Toronto received $526 million in property investment from Asia last year, up from the year before, while it fell to $350 million in Vancouver, down from over $1 billion two years ago. (Bloomberg)
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Toronto received $526 million in property investment from Asia last year, up from the year before, while it fell to $350 million in Vancouver, down from over $1 billion two years ago. (Bloomberg)
Talking point: Earlier this year, B.C. implemented a number of changes to cool down its housing market, including a hike to the foreign-buyers tax and the implementation of a new speculation tax, which will be introduced later this year. Toronto has its own affordable housing crisis and an already-hot housing market that will only continue to heat up as Chinese investment moves east.
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