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As Canadian hotel sales spike, more foreign investors are entering the market

from Buzz Buzz

Foreign buyers reported love affair with Canadian real estate isn't just limited to the residential market. According to CBRE, more and more Canadian hotels are being snapped up by investors from outside of the country. The Globe and Mail reported that roughly 24 per cent of the $794 million invested in Canadian hotels during the first half of 2013 came from foreign buyers. more

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