Quote:
Originally Posted by ImportPsycho
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foreign national means people with no canadian citizenship (i.e. did not immigrate to Canada.)
Most buyers are Canadian citizen/immigrants, buying using foreign money.
I am actually surprised there is 3% foreign buyers...very few people would buy real estate in a place they have no ties, and no citizenship right in. (would you go buy some houses in Europe or Australia when you dont' live there?)