Canadian Home Buyers Investing in U.S. Real Estate
Story Idea – Canadian Home Buyers Investing in U.S. Real Estate
According to a recent report from the National Association of REALTORS®, a considerable rise in sales dollar volume from Canadian home buyers caused foreign investment in U.S. real estate to increase in 2016. Even though China was in the top spot for sales volumes for the fourth year in a row, Canada saw the largest increase from $11.2 billion in 2015 to $19 billion in 2016 – an all-time high for the country. This rise is attributed to U.S. property prices; while still expensive, it is more affordable than Canadian real estate.
Check out NAR’s 2017 Profile of International Activity in U.S. Residential Real Estate for more information on the role international home buyers play in the U.S. market. Talk with a recent home buyer who moved from overseas about their decision-making process in moving to the U.S. and their experience. Speak with a REALTOR® in your area who works with international home buyers about their buying experiences.