financetom
Business
financetom
/
Business
/
Political Tensions Prompt U.S. Property Sell-off by Canadians
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Political Tensions Prompt U.S. Property Sell-off by Canadians
Aug 27, 2025 5:24 AM

08:07 AM EDT, 08/27/2025 (MT Newswires) -- More than half of Canadians who currently own a residential property in the U.S. say they are considering the sale of that property within the next year, reports Royal LePage.

According to a recent Royal LePage survey, which polled 2,500 adult residents in Canada, 54% plan to sell within the next year, 62% of whom cite the current political administration as the main reason.

Of those who sold their U.S. property within the last year, 44% blamed the political administration.

A third of respondents who have recently sold or are planning to sell their U.S. property plan plan to reinvest sale proceeds into the Canadian real estate market, Royal LePage said.

"The polarizing political climate in the United States is prompting many Canadians to reconsider how and where they spend their time and money," said Phil Soper, president and chief executive officer, Royal LePage. "Canadians have been the most important foreign investors in America's residential real estate market for years, and a significant wave of property sales would leave a noticeable mark on the regional economies that snowbirds support."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
SSR Mining Says Marigold Mine Production Reaches 5 Million Ounces of Gold
SSR Mining Says Marigold Mine Production Reaches 5 Million Ounces of Gold
Dec 31, 2024
07:57 AM EST, 12/31/2024 (MT Newswires) -- SSR Mining ( SSRGF ) said Tuesday its Marigold mine in Nevada attained five million ounces of gold production on Monday. The company said it acquired the mine in 2014 and Marigold has since produced more than 2 million ounces of gold, including 278,000 ounces of gold last year. ...
Why Is FTAI Aviation Stock Surging Today?
Why Is FTAI Aviation Stock Surging Today?
Dec 31, 2024
FTAI Aviation Ltd. ( FTAI ) shares are trading higher premarket on Tuesday. On Monday, the company launched a strategic capital initiative in partnership with institutional investors. The first partnership under the initiative will focus on acquiring 737NG and A320ceo aircraft and this market opportunity will allow for the deployment of over $3.0 billion of capital annually. This initiative and partnerships...
BRIEF-Softchoice Corp To Be Acquired By World Wide Technology For C$24.50 Per Share
BRIEF-Softchoice Corp To Be Acquired By World Wide Technology For C$24.50 Per Share
Dec 31, 2024
Dec 31 (Reuters) - Softchoice Corp ( SFTCF ): * SOFTCHOICE CORPORATION AND WORLD WIDE TECHNOLOGY ENTER INTO DEFINITIVE AGREEMENT FOR SOFTCHOICE TO BE ACQUIRED BY WORLD WIDE TECHNOLOGY AT A PRICE OF C$24.50 PER SHARE * SOFTCHOICE CORP ( SFTCF ) - TO BE ACQUIRED BY WORLD WIDE TECHNOLOGY FOR C$24.50 PER SHARE * SOFTCHOICE CORP ( SFTCF )...
BRIEF-Definitive Proxy Statement Filed In Connection With Oneok's Pending Acquisition Of The Remaining Publicly Held Common Units Of Enlink Midstream
BRIEF-Definitive Proxy Statement Filed In Connection With Oneok's Pending Acquisition Of The Remaining Publicly Held Common Units Of Enlink Midstream
Dec 31, 2024
Dec 31 (Reuters) - EnLink Midstream LLC ( ENLC ): * DEFINITIVE PROXY STATEMENT FILED IN CONNECTION WITH ONEOK'S PENDING ACQUISITION OF THE REMAINING PUBLICLY HELD COMMON UNITS OF ENLINK MIDSTREAM Source text: Further company coverage: ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved