Are you tired of hearing about the negative impact foreign buyers are having on Canada’s housing market? Well, it’s time to change the narrative. In fact, recent studies have shown that foreign investors may actually be boosting Canadian housing supply! Keep reading to discover how this surprising trend is reshaping the real estate industry and what it means for homeowners and renters alike.

The Current State of the Canadian Housing Market

According to the Canada Mortgage and Housing Corporation, the number of housing starts in Canada increased by 7.3% in 2017 over 2016 levels. This increase is largely due to the increase in foreign buyer activity in the Canadian housing market.

Foreign buyers make up a significant portion of the Canadian housing market, accounting for 27% of all transactions in 2017. In Vancouver, for example, foreign buyers made up 43% of all transactions.

The popularity of the Canadian housing market has led to increasing prices across most provinces. The average price of a home increased by 5.4% from January to December 2017, compared to the same period last year. Ontario saw the largest increase at 6%.

While this boost in prices may be good news for some homeowners, it has created some concerns about an overheated Canadian housing market. The CMHC has warned that there could be a potential correction if not enough new homes are being built to meet demand.

The Role of Foreign Buyers in the Canadian Housing Market

Foreign buyers play an ever-increasing role in the Canadian housing market. While they account for a small percentage of overall transactions, their impact on prices and house availability is significant.

This is especially true in pricier markets like Vancouver and Toronto, where foreign investment makes up a sizeable chunk of sales activity. This influx of money has helped to boost prices and make homes more available to average Canadians.

In some cases, these buyers are actually looking to invest in Canadian real estate. Others are simply looking for an affordable place to live that’s within reach of their career or spending priorities.

Regardless of their reasons, foreign buyers have had a positive impact on the Canadian housing market overall. By increasing competition among sellers, they’ve driven up prices while also helping to expand the pool of available properties for average Canadians.

The impacts of foreign buyers on the Canadian housing market

Foreign buyers have been a hot topic in the Canadian housing market in recent years. Some believe that they have driven up prices, while others see them as a necessary part of keeping the market healthy. What are the impacts of foreign buyers on the Canadian housing market?

The National Post looked at data from Statistics Canada to try and find out. They found that between 2006 and 2016, the number of homes bought by foreign nationals increased from 6% to 12%. In Vancouver alone, this amounts to more than 10,000 properties being purchased by outsiders. However, not all of these were purchased for investment purposes – around 60% were used for residency or family reasons.

There are a few possible explanations for this trend. First, there has been an increase in international migration in recent years – which is likely to include people looking for affordable housing. Second, there is a lot of money available internationally to invest in real estate. And finally, many people see Canadian real estate as a good investment due to the strong economy and relatively stable political situation here.

Whether or not foreign buyers are responsible for price hikes across the board is still up for debate. But there is no doubt that they have had an impact on the Canadian housing market – both in terms of demand andsupply.

Conclusion

When looking to buy a home in Canada, there are a few things you need to keep in mind. One of the most important is that Canadian homes are not always available at a affordable price. This is especially true for properties located in popular areas. However, thanks to foreign buyers, there has been an increase in the availability of Canadian mortgages and housing units. This has made it possible for more people to purchase a home than ever before.