Canadians Are Tapping the Brakes on U.S. Real Estate—But the Global Market Isn’t Slowing Down
Shannon Murree weighs in on new data from Realtor.com and Mansion Global
Published June 2025 | Shannon Murree Group | Real Estate With Impact
📍 Barrie • Innisfil • Oro • Orillia • Cross-Border Strategy
Editor’s Note: The following insights are based on a June 3, 2025 report originally published by Mansion Global and sourced from Realtor.com’s latest international buyer activity data. Commentary below reflects my interpretation of what this means for Canadians and my community.
According to a recent article from Mansion Global, international demand for U.S. real estate is on the rise—but Canadians appear to be quietly stepping back. Realtor.com’s data shows that while international buyer searches accounted for 1.9% of all activity (above pre-pandemic levels), the share from Canadian users dropped sharply—from 40.7% to 34.7%.
This pullback is especially noticeable in Florida, traditionally the sun-and-sand playground for Canadian snowbirds. Cities like Naples, Cape Coral, and Tampa all saw a decline in Canadian traffic—possibly influenced by U.S. political rhetoric, economic tension, and concerns over changing immigration and travel policies.
However, other countries are stepping into the gap. The U.K., Mexico, Germany, and Australia all saw rising search traffic, and places like Miami, L.A., and New York are still international favourites. Notably, Texas is seeing a surge, with Austin and San Antonio entering the top 20 for the first time.
Here’s My Take:
If you’re a Canadian investor—or a would-be snowbird—this signals a window of opportunity. Less competition from fellow Canucks means better positioning in markets we’ve traditionally loved. But this isn’t the time for guesswork. With shifting U.S. policy and growing international interest, you need a sharp, cross-border strategy backed by market knowledge.
Thinking about buying south of the border? Let’s chat.
As someone who works with both local and international buyers—and understands the nuance of Canadian-U.S. property investing—I can help you decide if this is a “wait-and-see” moment or a “lean-in and act” opportunity.
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