Foreign investment in Canadian real estate has followed overall trends in recent years, increasing from 2021 through 2023 but then slowing down more recently. Examples of recent foreign real estate investment include the 2022 purchase of Royal Bank Plaza by Spanish investor Ponte Gadea for $1.6 billion and the 2024 purchase of a two-office Vancouver portfolio by German institutional investor Deka Immobilien Investment GmbH for $280 million.