A who’s who of billionaire foreign nationals buying up Toronto
Forget low interest rates and the lack of single-family homes. Agents and analysts are pinning Toronto’s real estate insanity on a new scapegoat: a wave of wealthy foreign investors who swoop into showings over Skype, toss cash around like Canadian Tire money and leave their luxury penthouses empty. They’ll do whatever it takes to call Toronto home—even if they never plan to set foot in the city. Who are they and how do they do it? Here, our everything guide to the buy-from-abroad phenomenon.