Quote:
Originally Posted by Flamenspiel
This is CMHC only, I would think that most condos purchases from overseas owners would not be using CMHC financing. I am surprised the article did not indicate that.
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CMHC did a survey of
rental condos that had a Canadian mailing address attached to it. It has nothing to do with CMHC financing. It also doesn't count foreigners that have setup a corporation in Canada to handle the condo (I'm assuming many do this).