75% of US Owners of Cdn. Recreational Properties Bought After Foreign Buyer Ban: Survey

75% of US Owners of Cdn. Recreational Properties Bought After Foreign Buyer Ban: Survey
A real estate sold sign is shown in a Toronto west end neighbourhood May 17, 2020. The Canadian Press/Graeme Roy
The Canadian Press
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A new report from Royal LePage shows 75 percent of U.S. citizens living in border towns and owning recreational properties in Canada made their purchase after the federal government announced its forthcoming foreign buyer ban.

The two-year ban will apply to non-Canadian citizens and non-permanent residents and is expected to come into effect on Jan. 1.