Foreign buyers appear to be the target of much frustration when it comes to Vancouver’s soaring real estate prices.
But it turns out, ours is not the only real estate market international buyers are keeping an eye on.
A report from the National Association of Realtors in the US. .shows foreign buyers snapped up record values of real estate.
Between April 2014 and March 2015, the total volume of foreign sales in the US was estimated at $104 billion.
That’s about 8% of the value of all sales.
People from China were responsible for $28.6 billion in sales.
Canadians come in second, spending $11.2 billion on US real estate.
The most popular locations are Florida, California, Texas and Arizona.