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Story perspectives

Canadian Home Buyers Retreat Amid U.S. Tariffs and Dollar Dip

11/6/2025

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Summary

Story summary

Foreign demand for United States homes moderated as Canadian demand cooled from new tariffs and a weaker dollar.
Canada remains the largest source of international home searches, with its share at 32.1% in Q3 2024.
The United States imposed tariffs up to 35% on Canadian imports, impacting cross-border investments.
Cape Coral and Phoenix remain popular with Canadian buyers who favor affordable, low-maintenance homes.

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Story summary

Foreign demand for United States homes moderated as Canadian demand cooled from new tariffs and a weaker dollar.
Canada remains the largest source of international home searches, with its share at 32.1% in Q3 2024.
The United States imposed tariffs up to 35% on Canadian imports, impacting cross-border investments.
Cape Coral and Phoenix remain popular with Canadian buyers who favor affordable, low-maintenance homes.