Why more Americans and expat Canadians are considering Toronto<\/p>\n
Much is made of the brain drain from Canada to the US, but while the flow going the other way is less noteworthy, Donaldson still sees it as a positive trend for the Toronto market.<\/p>\n
\u201cPeople only talk about all the people exiting Toronto to go to the US,\u201d he said. \u201cAnd I agree that there is a large cohort of people doing that, but there\u2019s also some flowing back the other way.\u201d<\/p>\n
While the political factors grab headlines, Donaldson sees other reasons, including currency advantages and job considerations, as key drivers of the trend.<\/p>\n
\u201cI think it\u2019s relocation with their jobs and liking how low the Canadian dollar is,\u201d he said. \u201cSome of those people who do move [to the US], sometimes two years later they move back.\u201d<\/p>\n
Financing challenges for cross-border buyers<\/p>\n
The process to secure a mortgage for a buyer coming from south of the border isn\u2019t necessarily any more complex than for someone who\u2019s already based in Canada, although compliance timing can be a friction point.<\/p>\n","protected":false},"excerpt":{"rendered":"Why more Americans and expat Canadians are considering Toronto Much is made of the brain drain from Canada…\n","protected":false},"author":2,"featured_media":790642,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194291],"tags":[49,48,7028,3302,279222],"class_list":["post-790641","post","type-post","status-publish","format-standard","has-post-thumbnail","category-toronto","tag-ca","tag-canada","tag-canadian","tag-toronto","tag-us-buyers"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/790641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=790641"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/790641\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/790642"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=790641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=790641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=790641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}