While the low greenback-loonie exchange rate is projected to attract an increased number of American property investors to destinations north of the border, recent data suggested that Canadian buyers might be just as interested in the offerings of their U.S. counterparts.
The Miami Association of Realtors found that Canadians led the pack in terms of foreign inquiries on residential properties in the city as of October 2016, The Real Deal
Colombians were the previously dominant group of buyers in South Florida, the Association said.
Other countries that made the top 10 list of Miami inquiries were (in order): India, Venezuela, Brazil, Argentina, the Philippines, Spain, France, and the United Kingdom.
Overall, Canadians came in at second place in the list of countries that spent the most in U.S. properties in 2016, clocking in at $8.9 billion in purchases.
On the other hand, Chinese nationals paid a staggering $27.3 billion in U.S. deals last year, mirroring the mainland’s ascendancy as the leading investors in North American real estate.
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