Canadian Home Buyers in the U.S.

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.

How Do Canadians Invest?

On average, Canadian buyers purchased properties valued at $380,300 and approximately 73 percent of buyers purchased on an all-cash basis. The report also shows there's a strong preference for Canadians to purchase in suburban and resort areas since 47 percent of purchases were for vacation homes; with other intended property usage being residential rentals, primary residency and student residency.

(Click the infographic to enlarge)

So you want to attract Canadian clients, eh?

If you sign up with ListHub Global, your MLS listings will be sent to the website Kangalou, a premier listing portal that connects Canadian buyers to American homes. Click here to learn more about ListHub Global and how you can market your listings in over 50 countries across the globe.

To view the original article, visit ListHub Global.