Sunday, May 22, 2011

Canadians are largest foreign buyers of U.S. real estate

Canadians bought $9.4-billion worth.

Canadians biggest foreign buyers of U.S. real estate
Canadians were the largest foreign buyers of U.S. real estate in the 12 months ending March 31, according to the U.S. National Association of Realtors annual survey, accounting for 23 per cent of all sales to foreigners.

China moved into second place at 9 per cent, while Mexico, Britain and India tied at 7 per cent. Together, foreign buyers spent $43-billion.

Prices Paid
averagemedian
Foreign Buyers$315,000$200,000
All Buyers$218,000$170,000

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