A small minority of Toronto Condos for rent have foreign owners according to a recent report from the Canada Mortgage and Housing Corp.
In its first survey of foreign ownership of Condos for rent the 11 major Canadian markets showed a wide range from one tenth of a percentage to 6.9 per cent in Montreal, the highest.
Some neighbourhoods in Vancouver had 5.8 per cent of rental Condos under foreign ownership while Toronto’s centre core registered 4.3 per cent.
Average monthly Condo rents were highest in Toronto with $1,818 required for a two-bedroom Condominium.
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