According to a just-published article by Royal Lepage (http://dtn.fm/Q6oZR), Canada’s leading real estate services provider, there has been a verified surge of American interest in Canadian real estate following the recent presidential election. The company reported an increase in searches into the Canadian real estate market from across the United States.
Although the United States has always been a top source for immigration into Canada, the past year has seen a significant increase in U.S. traffic on the Royal Lepage website. The site reported an increase of just under 74% compared to the same period in 2015. In addition, according to the company’s Canada-wide survey, nearly 40% of respondents expect a rise in American inquiries into the Canadian real estate market.
eXp World Holdings, Inc. (OTCQB: EXPI) is especially well positioned for growth in the Canadian market. The fully agent owned real estate brokerage already has a significant presence in the country’s real estate sector thanks to its subsidiary, eXp Realty of Canada, Inc., which covers over 80 areas in Canada. Its unique ability to scale rapidly is based upon the fact that it is cloud-based, using advanced technologies for efficient communication, marketing, and training, and not dependent upon traditional brick-and-mortar facilities.
According to the findings, top researched locations in Canada by Americans include Ontario with over 41%, British Columbia with over 17%, Quebec with just under 14%, and Alberta with just under 8% of searches, with Calgary and Edmonton receiving the most interest from potential American buyers in the Alberta province.
Although Royal Lepage realtors working in these areas announced not having sold any properties to Americans since October 2016, they still represent a large percentage of property purchasers in Canada, and the dramatic increase in American interest in Canadian real estate since the election can’t be ignored.
For more information, visit the company’s website at www.eXpWorldHoldings.com
Let us hear your thoughts: eXp World Holdings, Inc. Message Board