Foreign Investors Are Drawn to Canada

"Despite intense competition for any available deal, foreign investors continue to be drawn to Canada. The future may not offer the 20-per-cent-plus annual returns enjoyed in the early years of this decade, but the prospects of a healthy 8 to 10 per cent a year in a stable, steadily growing economy is enough to draw investors from Germany, Israel and the United States in land rush numbers.

This year, investments in all forms of real estate by nationals and foreign interests alike hit the $23-billion mark, up from $19.7-billion in 2005, according to CB Richard Ellis Ltd., a national real estate broker. Next year promises to top even that record-breaking mark, it predicts." read more

By TERRENCE BELFORD, Special to The Globe and Mail