A substantial portion of Canadians holding U.S. properties are considering selling, driven by concerns about the U.S. political administration, personal factors, and extreme weather events. Over half of surveyed Canadian owners indicated plans to sell within a year. Many snowbirds who have already sold are contemplating reinvestment in Canada, with a preference for supporting domestic businesses and communities. Additional influencing factors include a weakening Canadian dollar and rising U.S. housing costs. Some Canadian investors, particularly in the ultraluxury segment, remain interested in markets like South Florida for lifestyle-driven purchases.
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.
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. Snowbirds who have already sold their U.S. properties are considering reinvesting in their home country, prioritizing domestic investments and community support. 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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