[Nite]

Originally Posted by dc_denizen

And immigration to the US is around 1,000,000 per year.

Dallas, which is growing as fast as Toronto, completes 30,000 multi family units per year; but because demand is more tied in to local incomes and not global money flows, you get 7 story mid rise apartments instead of condo towers.

With lax money laundering laws, Canadian real estate will continue to be a safe haven for various global capital flows for the the foreseeable future. They pioneered this model with Vancouver, Toronto got into the game later and now even Montreal is seeing chinese investment, no questions asked...

Money laundering is probably responsible for 1% of the demand compared to the other factors I mentioned