#us-real-estate

#us-real-estate

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.

"Home prices are starting to dip because high mortgage rates have pushed many buyers out of the market, weakening demand," Redfin chief economist Daryl Fairweather told Business Insider.

Foreign investor activity eased as global uncertainty around the pandemic, and inventory shortages made the U.S. market less attractive. However, the U.S. dollar has softened, inventory has picked up, and buyers have pulled back, creating opportunities for foreign investors, especially those paying in all-cash.