Data from real estate site Trulia.com show that Canadians still make up the largest proportion of international searchers on the site (13.8 per cent) but are down by 3 percentage points.
The figures for Canadian searches for homes to buy was down 11.2 per cent in the three months to May 1, 2016 compared to a year earlier while searches for rentals increased by 11 per cent.
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The weaker Canadian dollar means fewer Canadians are looking to buy US homes in favour of renting.