"Is there any reason...". Yes, I can think of one.  Vancouver's foreign buyers are mostly Asian.  Toronto is over 3,300 kilometers from the Pacific Ocean.  Now that Toronto real estate purchases have foreign taxes attached there is NO benefit that makes up for the added inconvenience and cost of another day's travel. Relax, people TO is safe--especially when immigrant totals tell us that US newcomers (including those from nearby big eastern cities) are waayyy down in 7th place (2015) on the place-of-origin rankings.  In any case, the 2015 immigration stats show 23% of newcomers came from the Philippines and Iran--and it's hard to believe all those nannies and taxi drivers Were responsible for many sales of homes over $900,000!