Contrary to widespread perceptions, foreign buyers are not the dominant demographic in the Greater Toronto Area condo market, according to marketing firm Baker Real Estate Incorporated and its Baker Insights Group (BIG) arm.

Baker operates on the new condominium apartment market in downtown Toronto, and is also present in Montreal and Vancouver.

“To date, minimal research has been published regarding new condominium buyers and where they live,” said Barbara Lawlor, CEO of Baker Real Estate Incorporated. “Yet over the past 10 years, there has been a lot of misinformation surrounding who is purchasing new condominium units in Canada.”

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