The Real Deal Miami

Canadian snowbirds head to U.S.

December 29, 2011 11:02AM

Canadians are now the largest home purchasing group of any foreign
demographic in the U.S., according to a survey by Credit Sesame. Florida
remains the most popular destination for foreign buyers, most of whom
buy detached single-family homes for less than $100,000 each. Texas,
California and Arizona are the other most poplar targets for snowbirds,
with Canadians leading the way in Arizona as well. Asians are the
second most frequent foreign buyers in the U.S., according to the
report, followed by Europeans. Canadians have been out in full force in
the Miami market in particular, looking at properties like Canyon Ranch
Living in Miami Beach. [Montreal