The U.S. National Association of Realtors is expected to release data in the next week or so, revealing the largest foreign purchasers of property.
Canadians were at the top of the rankings last year and since 2007 there has been a big increase in our purchases south of the border; however that may change this time around.
With a weaker Canadian dollar and US house prices having risen, plus Canadian’s pessimistic view of the economy over the past year, it could be that Europeans, Russians or Brazilians will have climbed higher.
Around 6.3 per cent of total U.S. property sales are to foreign buyers, a market worth almost $70 million.
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