September 02, 2021Federal Candidates Propose Housing Strategies – But Are They Effective?
By Barbara Lawlor
CEO Baker Real Estate Ltd.
Canadian news is full of reports regarding the candidates for Prime Minister and their political platforms. Both the Liberal and Progressive Conservative plans include housing strategies that ban non-resident foreigners from buying homes and condos here in Canada for a limited time. How effective is this promise?
Less than 5 per cent of the buyers Baker Real Estate Incorporated handles are foreign. In Toronto, 3.4 per cent of residential properties are foreign owned, and Bloomberg validates that the number is below 5 per cent for Toronto. In other words, how much can a ban on foreign buyers really help?
The Canadian House of Parliament
Baker Real Estate Inc.
Project Sales and Marketing
For over 20 years, Baker Real Estate has set the benchmark in Canadian real estate – providing exemplary services to a broad range of clients with integrity, expertise and passion. With nearly 2 billion dollars in annual new home and condominium sales, Baker is one of Canada’s most successful real estate companies, specializing in project marketing and sales of new home and condominium communities, including condominiums, townhouses and single-family homes as well as hotel condominiums and resort properties.
The company provides pre-construction sales and marketing expertise to prestigious projects throughout Canada and the United States and has particular expertise in turning around challenging projects.
Baker has incorporated their vision of global breadth with local depth into the international real estate market as well. Today, the company’s e-sales offices around the world offer up-to-the-minute sales and client information that is unparalleled in the industry.
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Peerage Realty Partners is a subsidiary of Peerage Capital Group.