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Sign into your accountCanadian Home Buyers in the U.S.
May 31 2016
Year after year, U.S. real estate attracts international buyers from nearly all over the globe. In a recent study conducted by the National Association of REALTORS® (NAR), 51 percent of the reported transactions came from China, Mexico, India, the United Kingdom and Canada. Let's focus on Canada – what brings our northern friends south?
Canadians are Top Investors in U.S. Real Estate
According to NAR's Profile of International Home Buying Activity, Canadian buyers are looking to invest in real estate across the U.S. In fact, Canadians accounted for $11.2 billion of the $103.8 billion in home purchases made through a 12-month period ending in March 2015. That's approximately 11% of total international sales in the U.S.! While this is a slight decrease from the $13.8 billion the year before, Canadians are still one of the largest investors in U.S. real estate.
What Brings Canadians to the U.S.?
Canadians are often in search of warmer climates during the colder months in Canada. Around 41 percent of purchases were in Florida, 16 percent were in Arizona, and in others warm states like California, Hawaii and Nevada.