Canadian Buyers Lift U.S. Home Purchase Share to 37.8% in Q1 as Tariff Boycott Eases
Updated
Updated · ABC 10 News San Diego KGTV · May 27
Canadian Buyers Lift U.S. Home Purchase Share to 37.8% in Q1 as Tariff Boycott Eases
4 articles · Updated · ABC 10 News San Diego KGTV · May 27
37.8% of U.S. homes bought by international buyers in Q1 went to Canadians, up from 34.8% a year earlier, signaling a cautious return after tariff-driven boycotts slowed cross-border purchases.
Realtor.com said the rebound reflects renewed interest in warm-weather, relatively affordable Sun Belt and Southwest markets, though Canadian demand still trails 2024 levels above 41%.
Florida and Arizona remain key beneficiaries: Canadians account for 71% of international demand in Cape Coral, more than 70% in Naples, and nearly 67% in the Phoenix area.
$56 billion in U.S. home sales last year came from foreign buyers, who made up 1.9% of all purchasers; Canadians remained the largest group, far ahead of Mexicans at 6.4%.
Is the Canadian return to American real estate a lasting trend or just a fragile rebound?
Will Canadian cash offers in Phoenix's 'buyers' market' shut out local American homebuyers?
While Sun Belt markets boom with Canadian interest, why is a city like Los Angeles being ignored?