The share of foreign ownership in condominium apartments located in Canada’s major urban centres remains low, according to a new CMHC report.

According a survey from Urbanation Inc., five per cent of all GTA condo sales within projects currently in development are from foreign investors.

Luxury properties priced over $5 million in the GTA saw unparalleled demand in 2015, causing sales to soar 108 per cent to 77 units, up