Trail, B.C. has been attracting significant investments from senior levels of government and private sector investors, setting up a major boom for the town.

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

“The rise of permanent renters," has ignited a hot rental market for apartment buildings. However, investor demand far exceeds supply.

After a lack of new construction for many years, market conditions have set the stage for a fresh wave of apartment development.

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