The Canadians spent $ 19 billion, more than double the previous year, mainly in the southern Florida state sun, said the National Association of Realtors.
Purchasing abroad increased from 32% in April 2016 to March 2017.
This represents about 5% of the US real estate market.
The National Association of Realtors report is based on a survey of 6,000 real estate agents. He looked at the sale of existing homes between April 2016 and March 2017A.
Much of the activity came in the second half of 2016th
But foreign demand for this year is cool, said Lawrence Yun, senior economist in the organization, an industrial group representing Realtors.
“Foreign tighter state regulations and uncertainty about current immigration policy and international trade policy and could lead to slowdown in foreign investment,” he said.
Foreign purchases amounted to a record $ 153 billion, or about 10% of the existing domestic market, according to the National Association of Realtors.
Foreign buyers usually pay about $ 300,000 – far above the average sales price of US $ 235,800 around. About 10% have bought homes more than $ 1 million value.
Calculated in dollars, Canadian investment has reached a new record, the report says.
It is expected that about 2/3 of Canadian purchases will be used as a vacation home or as investment in real estate. About three quarters of customers pay cash.
A stronger dollar may be additional pressure to operate, he said.
Where buyers hailed from
Customers who lived outside the US They make 42% of foreign purchases.
Chinese buyers amounted to about 40,570 or 14% of purchases, up 39% over the previous year. They spent $ 31.7 billion – more than any other country.
The Canadians were around 33,800 and 12% of the purchase and increased by 26%.
28,516 Mexicans made purchases, or 10%, an increase of almost 60%.
British buyers amounted to about 12,870 purchases by 40%.
Most Chinese and Mexican consumers who live in the United States, while British and Canadian customers are more likely to have a major place of residence abroad, the report say.