A report from the Canadian Mortgage and Housing Corporation seems to show foreign investors are hunting for newer properties, not older.
The report notes there is no data to accurately determine how many foreign investors are in the market.
However, the study does figure over 210,000 condo units were owned by foreign investors.
Out of those, less than 2% own units in buildings built prior to 1990, while CMHC figures 6% of newer units built since 2010 are owned by foreign investors.
While speculation mounts over foreign ownership in Vancouver the CMHC study indicates the numbers are much higher in Toronto.