The Business Times
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Foreign buyers driving housing boom in Toronto

Published Fri, May 22, 2015 · 09:50 PM

Toronto

CANADA's reputation as a safe country to live and bank is luring buyers from abroad and driving the housing boom in Toronto.

The city of 2.8 million attracts about a quarter of the 250,000 immigrants who arrive in the nation each year. That's helping drive demand for new housing, including condos and rental properties, property developer Sam Mizrahi, said at the Bloomberg Economic Series Canada summit in Toronto.

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