Canadians are increasingly directing their real estate dollars outside of Canada and into second homes in dreamy — and often much warmer — spots. p2homes realestatenews
One scroll of social media last winter would reveal that a good handful of Instagram “friends” relocated — at least temporarily so — to warmer pastures in places like Nosara, Costa Rica and Miami. Many relied on sublet accommodations, but some actually bit the bullet and purchased second homes.
South of the border, the United States retained its #2 position on the podium, with Maui, New York, and Miami in the top preferences for Canadian homebuyers. Meanwhile, Canadians’ interest grew the most over the previous 12 months in El Salvador and Grenada, with real estate-related searches for these locations increasing by 87% and 66%, respectively. With a 34% jump, the Dominican Republic saw the most significant increase in the number of monthly searches of all of the countries in the top 10 most desirable home-buying locations.
“This added to the issue that we all know about the pandemic and the desire of people to go out and invest in other destinations. At that point we understood that the attraction to our country is due to the excellent investment climate offered by the economic stability and great opening offered by the central government, the Dominican Republic being one of the first countries in the region to open its doors to tourism and foreign investment for economic reactivation.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hockey Canada clarifies incidents reported to Sport Canada after discrepancy at committee | CBC NewsHockey Canada has clarified the number of incidents of alleged abuse, harassment or discrimination it has reported to Sport Canada since 2018, after the testimony of its president before the Commons heritage committee in late July mentioned fewer reported incidents than the figure Sport Canada officials had given MPs the day before.
Read more »
Visit Niagara Canada - Visit Niagara CanadaTake Me To Niagara EXPLORE NIAGARA -| This is Our Niagara… Discover Yours. Where the scenery becomes the scene and our roots run deep, from our rolling vineyards to the stunning natural wonder of the Niagara Falls. Explore Niagara from the ground up in Niagara’s South Coast, St. Catharines, Twenty Valley & Niagara-on-the-Lake. You’ll find a host of […]
Read more »
Cannabis addiction rising in Canada and worldwide thanks to higher THC concentrationAlready the second\u002Dmost\u002Dcommonly used substance in Canada, Cannabis usage continues to grow.
Read more »
BEYOND LOCAL: Women's players fear fallout of frozen Hockey Canada funding'It's a valid concern, especially long term,' said Gina Kingsbury, director of hockey operations for Hockey Canada's women's team
Read more »
BEYOND LOCAL: Women's players fear fallout of frozen Hockey Canada funding'It's a valid concern, especially long term,' said Gina Kingsbury, director of hockey operations for Hockey Canada's women's team
Read more »
Northern athletes undaunted by their challenges at Canada GamesYELLOWKNIFE — Athletes from across Canada’s North will be among those competing at this month’s Canada Summer Games, including some in sports rarely seen in…
Read more »