""One Canadian client is in the process of selling his last U.S. property because he no longer sees it as a good place to invest or vacation," Cheryl Van Elsis, a Redfin Premier agent in Las Vegas, said in a statement. "He used to own four homes in the Las Vegas area, which he mainly rented to fellow Canadians here for casinos or poker events. But now, he no longer wants ties to the U.S.""
""The analysis is based on the number of unique Canadian Redfin.com users (i.e. each user is counted only once) searching for homes to buy or rent in the U.S., which had dropped 19.5% year-over-year in August. The steepest decline came in April-a 34.2% year-over-year drop-when the Trump administration announced its global tariff policy. To be sure, the total number of all prospective buyers and renters searching on Redfin.com declined over that time period, too, but only by a "fraction of the amount" from Canada.""
Searches by unique Canadian users for U.S. homes fell 19.5% year-over-year in August, with a 34.2% drop in April after global tariff announcements. The U.S. tariff move began with a February announcement of 25% tariffs on Canadian imports, a one-month hold, and implementation in March. Some Canadian buyers and renters are divesting U.S. properties and avoiding U.S. spending and travel. Overall Redfin searches declined in the period as well, but the Canadian drop substantially exceeded the general decrease in prospective U.S. buyers and renters.
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