A significant of Canadians are shifting their U.S. property investments, with many considering selling, according to a new survey by Royal LePage. The primary reasons cited include concerns about the U.S. political administration, personal reasons, and extreme weather events. This shift could have a notable impact on regional economies and communities where Canadians have been prominent investors.
Key takeaways
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54% of Canadian property owners plan to sell their U.S. homes within the next year, with reasons including concerns about the current U.S. political administration, personal motivations, and extreme weather events.
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Snowbirds who have already sold their U.S. properties are considering reinvesting in their home country, prioritizing domestic investments and community support.
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Factors influencing the decision to sell include the weakening Canadian dollar, rising U.S. housing costs, and a preference for supporting domestic businesses.
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Despite the trend of selling, some Canadians, especially those in the ultraluxury market, are still eager to invest in properties in places like South Florida for lifestyle benefits and stability.
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Canadian buyers historically favor states like Florida, Arizona, California, Texas, and Nevada for their warm climates, luxurious retirement communities, and economic opportunities.
This summary has been generated with AI tools and edited by Realtor.com News & Insights editors. The full story, written and edited by Realtor.com News & Insights newsroom journalists, is linked at the top of the summary.
