Rene Johnston / Toronto Star ) Order this photoReal estate inquiries from mainland China rose substantially in the Toronto area after Vancouver launched its foreign buyers tax in August. A very convenient person to blame is the foreign buyers. Some of Sotheby’s findings on the motivations of foreign buyers differ from those identified in the TREB survey. The province has recently exempted people with work visas from the off-shore buyers' tax. Henderson said that recent reports of growing interest by foreign buyers in Victoria is, in part, due to the new taxes.

Source: thestar March 07, 2017 05:26 UTC