Redfin Reports 15% Fewer Canadians Are Searching for Homes in the U.S. Than Last Year
- Over the last two years, Canadian searches for
U.S . homes have dropped roughly37% . Canada -based home searches declined in 45 of the 50 most populousU.S . metros, with the biggest drops inSan Antonio (-51.8% ),Austin (-48.6% ),Nassau County, NY (-33.4% ) andHouston (-32.5% ).
Over the past two years, Canadian searches for
Redfin search data is an early indicator of housing demand, but searches do not necessarily result in moves or completed home purchases.
“Canada’s economy is starting to recover after a weak start to the year, but uncertainty around trade, jobs, the domestic housing market and inflation is still prompting many Canadians to think twice about making a major purchase,” said Chen Zhao, Redfin’s head of economics research. “Buying a home in another country is a particularly big financial commitment, so it makes sense that some Canadians are putting those plans on hold.”
Canadian Demand Is Falling in 45 of the 50 Largest
The biggest decline was in
To read the full report, including a chart, metro-level data and a methodology, please visit: https://www.redfin.com/news/15-fewer-canadians-us-homes/
About Redfin
Redfin is a technology-driven real estate company with the country's most-visited real estate brokerage website. As part of Rocket Companies (NYSE: RKT), Redfin is creating an integrated homeownership platform from search to close to make the dream of homeownership more affordable and accessible for everyone. Redfin’s clients can see homes first with on-demand tours, easily apply for a home loan with Rocket Mortgage, and save thousands in fees while working with a top local agent.
You can find more information about Redfin and get the latest housing market data and research at https://www.redfin.com/news. For more information about Rocket Companies, visit https://www.rocketcompanies.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260728010890/en/
Contact Redfin
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Source: Redfin