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By Romana King on June 3, 2016
Estimated reading time: 1 minute

Who’s looking to buy our homes?

By Romana King on June 3, 2016
Estimated reading time: 1 minute

10.5 million foreign buyers searched online for Canadian homes to buy

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In the market to sell your house and want to know who’s buying our homes? Still debating whether or not foreign money impacts Canadian real estate prices? You may want to consider how many visits Canadian real estate listings got last year from foreign buyers. According to the current Insights Report, from the Canadian Real Estate Association, there were more than 10.5 million international visits to Realtor.ca in 2015. As the most popular real estate website in Canada, Realtor.ca received more than 71 million unique visitors last year. The vast majority were Canadian repeat buyers (62%) or first-time home buyers (12%).

(Source: Google Analytics and Foresee / CREA Realtor.ca Insights Report 2016)

Of the international visits to the Realtor.ca site, the vast majority came from the United States (67.3%), while Chinese and Hong Kong buyers accounted for 4.7% of the visits (2.7% and 2%, respectively), and UK residents made up 3.9% of the visits to Canada’s leading online listings market.

(Source: Google Analytics / CREA Realtor.ca Insights Report 2016)

Read more from Romana King at Home Owner on Facebook »

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