Makes you wonder why Toronto would be any different than Vancouver where it was demonstrated by research by the universities - not by self-interested realtors - that foreign purchases were in the double digits.
Makes you wonder why activity in Toronto suddenly picked up when BC imposed its foreign purchasers tax.
And it makes you wonder why anybody would consider a real estate board as a reliable source of information. In BC they kept telling us foreign purchases were a negligible amount - right up until the 15% tax and then the very same people started screaming that taxing the "negligible percentage" would kill the market.
And btw in Vancouver alone the foreign flood your are trying to deny was $12B a year.