Canadians Snapping up Hawaii Real Estate

By
Real Estate Agent with Harcourts Island Properties RB-20368

For 2010 and 2011, Canada has taken over for Japan as the #1 foreign country investing in residential real estate in Hawaii.

Canadian Flag

I had the opportunity to hear Dr. Michael Sklarz of Collateral Analytics speak today at the Hawaii Convention Center about foreign real estate investment. He had some interesting data that he was able to compile with the help of Title Guaranty.

For the state of Hawaii, Canadian investment in real estate has by far surpassed other foreign countries over the past few years. Over the past decade or so, the Japanese have been averaging 250-300 purchases/per year. Canadian investment is nearing 400 purchases/year over the last 2 years. Following a distant third behind Canada and Japan is Hong Kong. Read entire post →

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Honolulu, Hawaii Real Estate
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Tags:
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Rainmaker
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Harrison K. Long
HomeSmart, Evergreen Realty - Irvine, CA
REALTOR , GRI, Broker associate, Attorney

David ... It's interesting that Canadians got so busy buying Hawaii real estate the past 2 years.  I don't blame them for ideas on weather and attractions.  Perhaps the prices at HI got so low and that Canadians believe it was at bottom of cycle during this time of buying.  

May 21, 2011 11:42 AM #1
Rainmaker
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David Buck
Harcourts Island Properties - Honolulu, HI
Realtor-Broker

@Harrison- There were several factors: lower prices here, they have plenty of equity in their market and better exchange rate. How is the Irvine market been? I'm a UCI alum, however haven't made it back there in years...

May 23, 2011 03:33 PM #2
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Rainmaker
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David Buck

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