As Vancouverites continue to fret about the impact of foreign buyers on both the local and national real estate markets, it bears mentioning that Canadians often purchase homes abroad as well.
A new study from international real estate search portal Point 2 Homes ranks the top 30 home-buying destinations for Canadians.
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The research is based on Canadian users’ Google searches conducted from January 2017 to January 2018, using keywords regarding homes in the Americas for sale abroad. The countries have been ranked by monthly search volume.
According to the study, Canadians love Mexico. As with a similar report released by Point 2 Homes in 2015, Mexico stands out as the first choice for Canadians buying abroad.
The preferred location for Canadians within Mexico is Puerto Vallarta, with 2,940 monthly Google searches. Playa del Carmen, the fastest-growing real estate market in Latin America, is second, with 1,470 searches. Cabo San Lucas is third.