Would A Donald Trump Presidency Be Good For The Housing Market?
Donald Trump’s presidency could be good for the housing market in Canada, according to a recent real estate study conducted by Royal LePage. Research shows that more Americans are taking an interest in Canadian soil with the idea of Trump being the next United States Commander in Chief becoming a possibility.
“The economic miracle that is contemporary Canada is driven in significant measure by our success at attracting quality immigrants to our land,” says Phil Soper, president and CEO of Royal LePage. “In what started as a media prank, Canada’s attractiveness as a more realistic place to pursue life, liberty and happiness is gaining traction — even in America.”
Liberals have been quite vocal about their disdain for Trump as a candidate for president of the United States. Some even talked about moving to Canada if the businessman were to win the election. While many viewed such statement as a joke during the beginning stages of discussion, it turns out that a few were serious about migrating to another country and have already begun inquiring about homes presently on the market.
Individuals from other countries have also taken notice in Canada. Soper explains, “We may just be a curiosity for many in the United States, [but] the Cape Breton advertising campaign urging Americans to move north, as well as the record number of Americans googling ‘how to move to Canada’ reinforces the worldwide strength of brand-Canada as a prosperous and tolerant place to raise a family.”
Regardless of whether or not Americans choose to move up north, the home values in Canada will benefit from Donald Trump’s campaign. The country has already seen prices rise by significant amounts since the presidential hopeful announced his candidacy. The bid for a two-story home increased by nine percent while costs for bungalows grew by nearly seven percent. Canadian homeowners appear to be taking full advantage of the Trump movement.