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Overseas investors are spurning Canadian markets

Number of transactions involving overseas investors has plummeted since 2023
View of downtown Toronto. Transactions involving buyers from outside the country represent an increasingly small amount of the total. (Marcus Oleniuk /CoStar)
View of downtown Toronto. Transactions involving buyers from outside the country represent an increasingly small amount of the total. (Marcus Oleniuk /CoStar)
CoStar Analytics
September 8, 2025 | 8:16 P.M.

Transaction activity in Canada’s real estate markets has slowed markedly since reaching a high point in 2022. That year, the total value of commercial property transactions of $5 million or more across the six largest real estate markets of Toronto, Vancouver, Montreal, Calgary, Ottawa and Edmonton reached over $50 billion.

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News | Overseas investors are spurning Canadian markets