Atlantic Canada real estate becoming a hotspot for U.S. interest

With Donald Trump assuming office as the 45th President of the United States last week, a growing number of Americans are flooding the the online portal of Royal LePage with requests for Canadian home pricing and availability.
 
In its latest study, the real estate seller revealed that U.S.-originated traffic swelled by 329 per cent the morning after the November 8 presidential polls. Since then, nearly 28 per cent of the inquiries have focused on finding property in the Atlantic region, with over half being in Halifax.
 
Prince Edward Island received six times the inquiries relative to its population. Nova Scotia, which houses around 2.5 per cent of the Canadian population, had 7.5 times the queries per capita.
 
“Atlantic Canada skewed much higher than other parts of the country,” Royal LePage CEO Phil Soper stated, as quoted by The Chronicle Herald. “My guess is the desirability of living on the coast and the affordability of Atlantic Canada has attracted the eye of a significant number of potential new Canadians from America.”
 
In addition, Soper said that 75 per cent of the U.S. enquirers have expressed interest at suburban residential property.
 
“I think the key is that Canada continually rises on international rankings of places to work, raise a family and live,” he mused. “That news will get through to some of the 330 million Americans who may be thinking it’s a great big world out there and they’ve got skills so maybe they’ll try some other place on the planet.”
 
The Royal LePage study, which surveyed 1,226 real estate advisors nationwide, found that 39.5 per cent of respondents believe that American inquiries on Canadian homes will see a marked increase during the Trump administration.


Related stories:
What market is the best to invest in?
Price growth showing no signs of halting anytime soon - report

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

COMMENTS

  • by ammythomas634 2017-01-31 9:38:42 AM

    My mothers neighbour is working part time and averaging $9000 a month. I'm a single mum and just got my first paycheck for $6546! I still can't believe it. I tried it out cause I got really desperate and now I couldn't be happier. Heres what I do,

    ----------->>> www.newsnet20.com

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release

Poll

Do you invest in commercial properties?