Searches for U.S. properties have dropped 40 per cent over the last year, according to report
Mexico, the U.S. and Costa Rica remain the top three international destinations for Canadian homebuyers so far this year, according to a new report from real estate website Point2.
Searches for U.S. properties decreased by 40 per cent between June 2022 and June 2023, with online searches for Mexico decreasing by 24 per cent and Costa Rica by 20 per cent during that same period. Searches declined year over year among eight out of the 10 most popular destinations among Canadian homebuyers, with the U.S. taking the biggest nosedive.
“However, recovering international travel following the end of the pandemic will bring more foreign transactions in coming months and years.”
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