Welcome Canadians!! Per the Globe and Mail news, the Candian national news source, a recent study says Canadians have become the biggest foreign buyers of U.S. real estate. http://www.theglobeandmail.com/report-on-business/canadians-snap-up-us-properties/article1638310/

The report states that says Canadians have become the biggest foreign buyers of U.S. real estate. Per the National Association of Realtors, 23% of all foreign national purchases in the US last year from Mar 09 to Mar 2010, were Canadians.

“Although international purchasers from a wide variety of countries are present throughout the United States for a variety of reasons, proximity to the home country and the convenience of air transportation are believed to be important considerations in selecting the buying location,” the study reported.

And really, can we blame them??? Here’s a email I received from one of my Canadian clients in Calgary today, July 13, 2010:

“Our current temperature is 9°C or 48°F – yours is 39°C or 102°F. It’s also pouring rain with brutal winds but, that’s an improvement from the golf ball sized hail and tornado warnings yesterday! Luckily no damage to my car but, lots to many others – knocked out windshields, etc. from the monster hail.”

Seriously? I think I’ll take our 105 degree weather any day!!! (Makes me think twice about complaining about our weather).

Canadians continue to purchase in Palm Springs. A large majority of my buyers this past year, were from all over Canada, as more and more Canadians recognize the good buying opportunities in the US, let alone our good weather here.

For more information on Canadians buying here, please see: http://www.paulkaplanrealtor.com/ForeignBuyers.php