Donald Trump may be moving to a new home today, but a new study from Royal LePage says that could also make Americans to do the same, north of the 49th parallel.
CEO Phil Soper says American interest in Canadian real estate spiked 329 per cent the day after Trump’s win, but says even when the mass hysteria died down, interest did not.
“Two months later, it’s still up 40 per cent, so this is a very material and sustained increase for the number of Americans looking at or interested in Canadian property.”
Fourth-quarter numbers from 2016 show Ontario saw 41 per cent of American visits to Royal LePage; British Columbia was second with 17.4 per cent.
Soper says Victoria was among the most popular B.C. cities.
Soper says undoubtedly the foreign buyer tax in Metro Vancouver could scare off Americans looking to flock north, but adds if the price is right, it won’t deter them from relocating.