Political tensions are a significant factor motivating Canadians to sell or consider selling their vacation homes, investment properties and primary residences in the United States , according to a new report.
A survey conducted by Burson for real estate brokerage Royal LePage says that more than half of Canadians (54 per cent) who currently own a residential property in the U.S. are considering offloading it within the next year.
Among current owners who plan to sell, 62 per cent said it was because of the current U.S. political administration. Thirty-three per cent cited other factors (reduced travel to the U.S.; personal and financial reasons) and five per cent cited the rise in extreme weather events, such as hurricanes, flooding or forest fires.
Canadians who recently sold the