Canadians Selling U.S. Vacation Homes Amid Politics, Prices & Uncertainty
- Neil Caron
- 2 days ago
- 2 min read
From sunny Florida to scenic Arizona, Canadian homeowners are saying goodbye to their U.S. vacation properties—and not just for economic reasons.
The Canadian exodus from American vacation spots is gaining traction. Political unease, a sinking loonie, and rising property costs are pushing longtime snowbirds to cash out—many with major equity wins.
“Canadians have historically been among the most consistent foreign buyers in the U.S. housing market,” says Neil Caron, Area Manager at CMG Mortgage. “But now, many are rethinking their U.S. investment strategy—and fast.”
Why Are Canadians Selling?
📉 Weaker Canadian Dollar With the CAD hitting its lowest value in 22 years, everyday expenses—like HOA fees and property taxes—are up sharply for Canadian homeowners.
💰 High U.S. Home Values On the flip side, soaring property prices in popular snowbird states like Florida and Arizona make it a good time to sell in U.S. dollars and convert back to CAD.
🇺🇸 Political Pressure Uncertainty over new tariffs, foreign ownership rules, and rhetoric about Canada’s role in U.S. politics is unsettling Canadian owners. Many are concerned about potential restrictions or penalties down the road.
The Impact on the U.S. Real Estate Market
Canadian homeowners hold significant real estate—especially in Florida, Arizona, and even pockets of Connecticut’s shoreline communities.
Neil Caron notes: “We’re seeing more Canadian clients in the Connecticut real estate market who are now reinvesting domestically—or considering renovations on existing Canadian properties instead.”
This trend could have ripple effects in markets heavily reliant on foreign buyers. According to the National Association of Realtors, Canadians made up 17% of foreign real estate purchases in Florida in 2024 alone.
RSL Perspective: What It Means for You
🐷 RSL Piggy Points:
Canadians are selling high in the U.S. and buying low back home.
U.S. homeowners near Canadian-owned vacation properties might see more listings soon.
Investors should watch for unique buy opportunities, especially in snowbird-heavy communities.
At ReadySetLoan, we help you interpret the ripple effects of global headlines on your local real estate opportunities. Whether you’re a homeowner in a hot vacation market or just curious about cross-border dynamics, we’ve got you covered.
Looking to explore your home equity options or renovate a property stateside?
Start your journey with ReadySetLoan—your mortgage education partner, piggy-backed with purpose.
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