CMHC Seeks New Ways to Track Foreign Buyers of Canadian Real Estate

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A new home of potential interest to foreign buyers from the US, Germany or elsewhere.

March 8, 2016, In a recent news report from CBC,  Canada Mortgage and Housing Corporation acknowledged that it is seeking to better evaluate the volume and amount of foreign real estate investment in the Canadian home real estate market.

The lack of reliable data has brought criticism upon the agency particularly when compard to the data gathered by other nations including, Canada’s closest neighbor to its south, the United States.  A causative factor surrounding the issue is defining who qualifies as a foreign buyer .  For more on this story read CBC’s story about, “CMHC Seeking Better Foreign Buyer Information“.

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