Neighbors to the North Emerge As Largest Foreign Investor In U.S. Real Estate – CoStar Group.
“As a handful of major deals this month attest, Canada continues to be the most dominant foreign investor in U.S. assets, with a total investment more than triple that of its nearest competitor country, according to Jones Lang LaSalle.
“Canada emerged from the recession in better financial shape due to its banks issuing recourse loans and suffering fewer hits during the mortgage meltdown versus other countries. These deeper pockets allowed Canadians to invest in U.S. real estate when values were most suppressed,” said Steve Collins, international director of Jones Lang LaSalle’s Capital Markets, who attended last week’s Association of Foreign Investors in Real Estate’s (AFIRE) annual Winter Conference in New York. “
