Foreign investment may not be as big a factor in Toronto’s condo market as we all thought it was

2.7%

—The percentage of Toronto condos that are owned by foreign investors, according to a new report from the Canada Mortgage and Housing Corporation. The actual rate of foreign ownership has long been assumed to be much higher, though, and it’s not clear how accurate this new number actually is. The CMHC didn’t use hard data—which, for this type of thing, is difficult to come by. Instead, the agency polled a representative sample of building owners and managers.