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Canadians are buying $19.8-bln of residential real estate in U.S.

Posted on 01 March 2013

According to the most recent study released by the National Association of Realtors, Canadians made up the largest share of foreign purchasers of US real estate, accounting for 24% of all international sales, surpassing China (11%) and Mexico (9%) combined. In total, international buyers purchased $82.5 billion in US real estate during the year ending March 2012, up from $66.4-billion in 2011.
“The Canadian real estate market has performed well since the recession, “said Jason Mercer, senior manager, market analysis at the Toronto Real Estate Board. “Save for a short period of price decline during the economic downturn in 2009, many markets across the country have experienced year-over-year price growth, including Greater Toronto, Canada’s largest metropolitan area.”……………………………………….Full Article: Source


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