Colombia had been the long-time top country for searching the association’s online portal but Canada took the lead in October and has remained the leader.
“Miami’s tropical weather, resort lifestyle and world-class shopping have long attracted Canadian home buyers,” said Christopher Zoller, the 2017 MIAMI Chairman of the Board. “With temperatures dropping up north, more Canadian home buyers are purchasing real estate in South Florida.
Among all international buyers, Canadians spend the most on South Florida real estate. About 86 percent of Canadian buyers paid all-cash for South Florida real estate in 2015.
More market update:
Canadians continue to dominate searches for property in Southern Florida according to data from the Miami Association of Realtors.