[URBAN NOTE] "Trump win makes Canadian real estate look even more attractive"

[rfmcdonald]

Of course this would happen. From the Toronto Star's Tess Kalinowski:

Canadians should not expect a flood of president-elect Donald Trump exiles to further fuel the Toronto region’s hot housing market.

But the shocking U.S. election could, at least in the foreseeable future, make our real estate an increasingly attractive investment, according to some experts.

Many housing analysts wouldn’t predict the impact of Trump’s ascendancy.

“It’s too early to know what it means for Canadian housing markets. Nobody knows what it means for the Canadian economy writ large, let alone housing markets across the country,” said a statement from Canadian Real Estate Association chief economist Gregory Klump.

But for those who already see Canada as an attractive, stable place, the U.S. election could heighten that perception, said Royal LePage CEO Phil Soper.