My mother lives in Courtice ON (45 mns east of TO) and the house right beside her has sat vacant due to a foreign investor.  Shame a nice family neighbourhood where a young family should be residing.  A nice guy comes by once every couple of months and plays nice and acts like it is for his dad in India who has never stepped foot in the place.  Within a year I am sure it will be back on the market. 

 Now would I expect the RE agent to admit that, never!!  But we will be reporting it to ensure he pays his Capital Gains when it resells.   No respect for government.  The Quebec City issue is abhorrent to consider but our government remains blind to how people are feeling and taxing the heck out of all foreign RE investors would go the farthest to regaining a bit of credibility.   And to our far right fringe that means foreigners, not good Canadians with differing ethnicities that contribute to this country.