The number of Canadian “snowbirds” planning to sell their second homes in sunny Florida and Arizona has surged this spring, many of them put off by the sudden chill that has blanketed relations between their homeland and the U.S.
Real estate agents say they are seeing more Canadians cashing out, further softening property prices in warm-weather states that have long attracted retirees and tourists from cold and snowy Canada.
Canadians spent close to $6 billion on U.S. real estate from April 2023 to March 2024 – making up 13% of all foreign transactions – more than any other nationality, according to data from the National Association of