Canadians have been consistently the #1 Foreign Buyer and Seller of Real Estate in the United States across 11 of the last 16 years.

To this date there has been no central resource for Canadian Citizens to access, in regards to the processes involved when considering a purchase or sale of real estate, specifically those that are searching to purchase an Investment-Grade or Lifestyle Asset, a Second-Home, when operating as an STR or "Airbnb" Property.

Up-To-Date - The Latest U.S. Data

$.9B

Volume Residential Real Estate

Source: 2024 Profile of International Transactions in U.S. Residential Real Estate April 2023–March 2024.

Units Purchased 4/2023 - 3/2024

Source: 202 Profile of International Transactions in U.S. Residential Real Estate April 2023–March 2024.

%

Of All Foreign National Purchases

Source: 2024 Profile of International Transactions in U.S. Residential Real Estate April 2023–March 2024.

A Look Back - Historical U.S. Data

Year
% Share Of FN Purchases
$ Volume
(Billions)
# Of Units Purchased
Average Purchase Price (USD)
2009
18%
$8.5B
28,300
$298,700
2010
23%
$17.1B
69,100
$247,300
2011
23%
$13.1B
48,500
$269,100
2012
24%
$15.9B
49,500
$321,700
2013
23%
$11.8B
43,900
$269,000
2014
19%
$13.8B
43,700
$314,700
2015
14%
$11.2B
29,400
$380,300
2016
12%
$8.9B
26,900
$322,100
2017
12%
$19.0B
33,800
$560,800
2018
10%
$10.5B
27,400
$383,900
2019
11%
$8.0B
19,900
$400,000
2020
12%
$9.5B
18,300
$517,200
2021
8%
$4.2B
8,800
$473,600
2022
11%
$5.5B
11,300
$485,000
2023
10%
$6.6B
8,500
$779,300
2024
13%
$5.9B
7,100
$834,000

Source: 2023 Profile of International Transactions in U.S. Residential Real Estate April 2022–March 2023.

%

Florida remains the top destination for foreign buyers, with a buyer share of 20%.

41% of Canadians favored Florida for their real estate purchases followed by Arizona (23%), Hawaii (9%), California (6%), New York (4%), Texas (4%), Pennsylvania (3%), North Carolina (3%), Michigan (2%), South Carolina (2%), Illinois (1%) and Ohio (1%).

0%

Canada By The Numbers Since 2007

$.5B

Since 2007, Canadians have purchased $169.5 BN of U.S. Real Estate making Canadians the #1 Foreign National purchaser in dollar volume within the United States.

Source: 2024 Profile of International Transactions in U.S. Residential Real Estate April 2023–March 2024.

,000

Since 2007, Canadians have purchased 474,000 properties, making Canadians the #1 Foreign National purchaser of real estate units within the United States.

Source: 2024 Profile of International Transactions in U.S. Residential Real Estate April 2023–March 2024.

Canadians preferred the purchase of a Single-Family Home (69%), as opposed to a Town Home (8%), Condominium (18%) or Other (5%).

0%
%

Canadian buyers were the most likely to purchase a home for vacation use at 49%.

The data changes for Canadians a little bit when comparing Florida vs. the United States as a whole. Buying patterns change based upon demographics, residence location, intended use of the property as well as the product selection itself, combined with method of purchase.

Canadians - Florida By The Numbers

.2M

Visitors

Canada remains the #1 Foreign Visitor to Florida and showed an 15% increase in visitors compared to the same time CY2022

Source: Visit FLORIDA 2023 Year Review.

%

Of Purchases

The top five countries of origin were Canada (18%), Colombia (10%), Brazil (7%), Argentina (7%), and the U.K. (4%),

Source: 2023 Profile of International Residential Transactions in FloridaAugust 2022–July 2023.

$.1B

Dollar Volume

Canadians purchased the most in dollar terms by a significant margin. In total, Canadians purchased $2.1 billion in 2023.

Source: 2023 Profile of International Residential Transactions in FloridaAugust 2022–July 2023.

$K

Median Purchase Price

Median sale price for international buyers was $416,000 in 2023, which is $68,700 more than the median sale price in 2021.

Source: 2023 Profile of International Residential Transactions in FloridaAugust 2022–July 2023.

%

Favor Detached Properties

Although lower than the U.S.numbers, Canadians favored a Single-Family Home (47%), Condo (40%) and Town Home (7%)

Source: 2023 Profile of International Residential Transactions in FloridaAugust 2022–July 2023.

%

Intended Use

The number of Canadian buyers planning to use their purchase as an investment rental and/or a vacation home was 80% in 2023

Source: 2023 Profile of International Residential Transactions in FloridaAugust 2022–July 2023.

81% of Canadians made an all-cash purchase.

Close to two-thirds of Florida’s international buyers purchased a property entirely with cash. Despite the availability of mortgage funding available to Canadians when purchasing real estate in Florida, many are still not aware of the ability to leverage funds through U.S. Lenders and Canadian Banks where preferential terms exist.

0%

%

Of Canadians will purchase their real estate asset with rental income being a driving force in the decision being made.

True to their reputation, Canadian buyers are naturally snowbirds, with nearly one in two (47%) indicating they plan to use their property as exclusively as a vacation home. Vacation Home (47%), Vacation Home & Rental (21%), Residential Rental (17%), Primary Residence (10%), Other (10)%.

0%

Let's explore the opportunities for Canadians to invest in U.S. real estate and delve into the advantages of the Sun Belt states, and specifically highlight the allure of Orlando.

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