Canadians make up the biggest contingent of foreign buyers of U.S. residential real estate. Could they represent a niche opportunity in your market?
When you think of international buyers, do you think of our neighbors to the north? You should—Canadians bought a whopping $9.4 billion of U.S. real estate last year. They make up the largest group of foreign buyers in the U.S. residential market, and they’re growing each year.
When the U.S. market is down, buyers from around the world go shopping. It’s no secret that global buyers with strong currencies are snapping up bargains here, but did you know that Canadians lead the pack?
The Chinese elite may be making big money investments in U.S. real estate markets, but many other Chinese immigrants and temporary workers already reside in the U.S., representing a significant pool of residential property buyers.
How can you take advantage of Chinese opportunities reaching our shores? The first step is conducting research in your own backyard to determine what properties might appeal to high-net-worth Chinese investors and what ties might already exist to connect with them.
China has become a powerhouse among world economies, growing even during the current global downturn. As China’s wealth and power as a nation have increased, so have the wealth and power of its individuals. There is now a burgeoning class of millionaires, and a considerable number of billionaires, who are looking for investment opportunities outside of China.