{"id":88673,"date":"2024-08-19T12:46:22","date_gmt":"2024-08-19T16:46:22","guid":{"rendered":"https:\/\/www.rbcroyalbank.com\/en-ca\/?post_type=rbc_my_money_matter&#038;p=88673"},"modified":"2024-09-06T11:43:36","modified_gmt":"2024-09-06T15:43:36","slug":"canada-leads-international-buyers-of-u-s-real-estate-in-slowest-period-in-15-years","status":"publish","type":"rbc_my_money_matter","link":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/travel-and-cross-border\/buying-or-refinancing-a-us-property\/canada-leads-international-buyers-of-u-s-real-estate-in-slowest-period-in-15-years\/","title":{"rendered":"Canada Leads International Buyers of U.S. Real Estate in Slowest Period in 15+ Years"},"content":{"rendered":"<div class=\"wp-block-rbc-single-article-header\">\n\t<section class=\"section-grey cover pad-t-hlf\">\n\t\t<div class=\"section-inner w-half w-mob-full centered-margin cover section-grey pad-tb-0\">\n\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/budgeting\/\">\n\t\t\t\t\t\t\t<span>Budgeting<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<h1 class=\"mar-b-hlf mar-t-0 mob-pad-lr-hlf h2 has-black-color\">Canada Leads International Buyers of U.S. Real Estate in Slowest Period in 15+ Years<\/h1><p class=\"mar-b-0 mob-pad-lr-hlf author-text\">By Diane Amato<\/p>\t\t\t\t\t<div class=\"featured-image-wrapper pos-rel\">\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"575\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/08\/iStock-1453524769-NAR2024.jpg?quality=80\" class=\" cover-image  wp-post-image\" alt=\"Aerial wide view of the skyline of Sunny Isle Beach from Aventura, over the Aventura Lakes, on a sunny spring day. Miami, Florida.\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/08\/iStock-1453524769-NAR2024.jpg 2310w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/08\/iStock-1453524769-NAR2024.jpg?resize=300,169 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/08\/iStock-1453524769-NAR2024.jpg?resize=768,432 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/08\/iStock-1453524769-NAR2024.jpg?resize=1024,575 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/08\/iStock-1453524769-NAR2024.jpg?resize=1536,863 1536w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/08\/iStock-1453524769-NAR2024.jpg?resize=2048,1151 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t<\/section>\n\t<div class=\"article mar-t-dbl\">\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner socials-section\">\n\t\t\t\t<div class=\"top-socials-bar mob-mar-b-hlf\">    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=Canada Leads International Buyers of U.S. Real Estate in Slowest Period in 15+ Years &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/travel-and-cross-border\/buying-or-refinancing-a-us-property\/canada-leads-international-buyers-of-u-s-real-estate-in-slowest-period-in-15-years\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/travel-and-cross-border\/buying-or-refinancing-a-us-property\/canada-leads-international-buyers-of-u-s-real-estate-in-slowest-period-in-15-years\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n            alt=\"copy icon\">\n          <span id=\"sharing-copyUrl-Label\">\n            Copy URL          <\/span>\n        <\/button>\n        <input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n      <\/div>\n    <\/div>\n  <\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner w-half w-mob-full centered-margin pad-tb-0 mob-mar-t-hlf mob-mar-b\">\n\t\t\t\t<p class=\"cover-pub-line text-xs mar-b-hlf\">Published August 19, 2024 \u2022 5 Min Read<\/p>\t\t\t<\/div>\n\t\t<\/section>\n\t<\/div>\n<\/div>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel has-fff-background-color has-background\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner w-half w-mob-full\" style=\"border-radius:0x\">\n<p>Since 2009, the National Association of Realtors<sup>\u00ae<\/sup>&nbsp;(NAR) has conducted an annual survey to measure the volume of U.S. residential real estate transactions with international clients. From April 2023 to March 2024, $42B was spent by foreign buyers who made 54,300 home purchases.&nbsp;&nbsp;These figures represent the lowest volume registered by NAR since the inception of the report, with dollar volume down 21% and transactions down 37% compared to the previous year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Foreign buyers face common headwinds<\/h2>\n\n\n\n<p>High inflation, high interest rates and limited inventory all presented challenges to international (and domestic) buyers this past year. In fact, the U.S. housing market experienced its lowest overall level of sales since 1995 as many potential buyers waited on the sidelines for conditions to improve. It was a reality reflected in the numbers reported by realtors working with international clients \u2013 69% of those surveyed this year reported they had a client who decided not to \u2013 or was unable to \u2013 purchase a U.S. property.&nbsp;<\/p>\n\n\n\n<p>Economic factors may have also played a role in buyers\u2019 approach to purchasing. 69% of Canadian purchasers paid all cash for their U.S. property \u2013 a sharp increase from the 51% of all-cash buyers the year before \u2013 despite the Loonie\u2019s weaker year-over-year performance against the U.S. Dollar. This is likely due to higher interest rates throughout 2023 \u2013 a trend some expect will reverse in the coming months.<\/p>\n\n\n\n<p>\u201cWith the expectation of lower interest rate trends for the rest of 2024 and 2025, there is greater potential of U.S. mortgage financing in the year ahead,\u201d says Alain Forget, Head of U.S. Sales and Business Development at RBC Bank. &#8220;There are also a lot of Canadians who are currently on the sidelines, hoping for a better CAD\/USD exchange rate. And if the CAD doesn\u2019t rebound as rates go down, U.S. mortgages may become an even more cost-effective \u2013 and attractive \u2013 option compared to an all-cash purchase.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Canada tops the list of foreign buyers<\/h2>\n\n\n\n<p>In the latest NAR report, Canada passed China as the country with the most real estate purchases by an international buyer, representing 13% of the pool of foreign purchases. China and Mexico were next at 11%, followed by India at 11% and Colombia at 4%.&nbsp;<\/p>\n\n\n\n<p>While more real estate purchases were made by Canadians, buyers from China spent more \u2013 spending $7.5 billion on U.S. real estate, compared to the $5.9 billion spent by Canadian buyers.&nbsp;<\/p>\n\n\n\n<p>U.S. remains more affordable despite rising prices and depreciating foreign currency<\/p>\n\n\n\n<p>Low supply and pent-up demand kept U.S. housing prices strong and increased on a year-over-year basis. As of the end of March 2024, unsold homes on the market were 14% above the level the year before.<\/p>\n\n\n\n<p>Foreign buyers also had to contend with depreciating currency against the U.S. dollar \u2013 as of March 2024, more Chinese yuan (9.4%), Euros (3.7%) and Canadian dollars (3.6%) were needed to purchase a U.S. dollar compared to one year ago.&nbsp;<\/p>\n\n\n\n<p>Still, the affordability of U.S. single-family homes helped to offset the cost to buy for many foreign buyers. For example, the average home price per square metre in Toronto as of June 2024 was $12,504. In looking at the price per square metre in U.S. metros, housing prices are comparatively inexpensive:<\/p>\n\n\n\n<table class=\"table-stack wp-block-rbc-stackable-table-block is-style-table-striped mar-b-hlf col-stack\"><tbody><tr><th scope=\"col\">U.S. Housing<\/th><td><strong>Price per square metre<\/strong><\/td><\/tr><tr><td>San Diego-Carlsbad, CA<\/td><td>$7,520<\/td><\/tr><tr><td>Naples-Imokalee-Marco Island, FL<\/td><td>$4,920<\/td><\/tr><tr><td>Miami-Fort Lauderdale-West Palm Beach, FL<\/td><td>$3,620<\/td><\/tr><tr><td>Urban Honolulu, HI<\/td><td>$6,280<\/td><\/tr><tr><td>Los Angeles-Long Beach-Glendale, CA<\/td><td>$4,760<\/td><\/tr><\/tbody><\/table>\n\n\n\n<h2 class=\"wp-block-heading\">Canadians primarily buying vacation properties, and primarily in Florida<\/h2>\n\n\n\n<p>Of Canadian purchases of U.S. real estate, almost half (49%) purchased a home for vacation use. Of those homes, more than two-thirds were single-family homes, while townhomes and condos represented 18% and 8% of sales, respectively.&nbsp;<\/p>\n\n\n\n<p>Consistent with buying patterns over the last decade, Florida remained the top destination for Canadian real estate buyers. Here\u2019s where Canadian buyers purchased in the U.S. this past year:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list default is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Florida: 41%<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Arizona: 23%<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Hawaii: 9%<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>California: 6%<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>New York: 4%<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Texas: 4%<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p>&nbsp;While the heavy activity in Florida is no surprise, purchases made in Hawaii represented a significant year-over-year increase \u2013 the year before, only 2% of purchases made by Canadians were in the Aloha State.<\/p>\n\n\n\n<p>37% of home purchases were made in a resort area, indicating that a large portion of Canadians are buying second homes and\/or retirement properties close to beaches, golf courses and other warm-weather lifestyle amenities.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Buying U.S. real estate: The bottom line<\/h2>\n\n\n\n<p>While the U.S. real estate market has been dealing with some challenging economic factors \u2013 inflation, higher mortgage rates, climbing prices and limited inventory \u2013 Canadians can still find deals south of the border. And they&nbsp;<em>have<\/em>&nbsp;been buying properties, as demonstrated by Canada\u2019s place at the top of the foreign buyers&#8217; list. Consistent with previous years, Canadians are buying in their favourite U.S. destinations \u2013 namely Florida and Arizona \u2013 while interest in Hawaii has increased. With a concentration of homes purchased in resort areas, it\u2019s clear Canadians are buying for the sunshine and the lifestyle the southern U.S. states can offer.&nbsp;<\/p>\n\n\n\n<section class=\"wp-block-rbc-section-block section-cool-white pos-rel has-f-5-f-8-f-9-background-color has-background\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner mar-b-hlf pad-b-hlf\" style=\"border-radius:0x\">\n<div class=\"wp-block-rbc-rbc-block-inner-block block-inner\">\n<section class=\"wp-block-rbc-section-block  pos-rel pad-t-0 pad-b-0\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block inner-section-cool-white section-inner  pad-b-0 pad-t-0 has-f-5-f-8-f-9-background-color has-background\" style=\"border-radius:0x\">\n<div class=\"wp-block-columns mar-b-0 is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column mar-r mob-mar-r-0 is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-large mar-b-0\"><img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/08\/SMB_Tip_5_-_Woman_doing_online_shopping.jpg?w=1024\" alt=\"Woman in cafe shopping online with laptop\" class=\"wp-image-24851\" \/><\/figure>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-a45f7ea2-ba8e-427e-9d5e-259aaa191349\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n\n\n\n<div class=\"wp-block-column mar-r mob-mar-r-0 is-layout-flow wp-block-column-is-layout-flow\">\n<h3 class=\"wp-block-heading mar-t-0 mar-b-0 pad-b mob-pad-b\" id=\"h-thinking-of-buying-a-u-s-home\">Thinking of Buying a U.S. Home?<\/h3>\n\n\n\n<p>RBC U.S HomePlus\u2122 Advantage is built exclusively for Canadians to provide full-service support through every step of the U.S. home buying process<\/p>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-fc0be6b9-485f-41dc-82a0-b5f6e2983009\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p><a href=\"https:\/\/www.rbcbank.com\/cross-border\/us-mortgages\/rbc-us-homeplus.html?utmsource=Blog&amp;utmmedium=organic\" data-dig-id=\"LP-88673-ee27a546\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Learn more\" class=\"rbc-link-format goto-link\" data-icon-class=\"goto-link\">Learn more<\/a><\/p>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-56ab77ca-c9a4-436f-adb5-334aa058ce43\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse834a1009\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse834a1009\" data-dig-id=\"LP-57738-834a1009\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Things our lawyers want you to know\"><span>Things our lawyers want you to know<\/span><span>Things our lawyers want you to know<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse834a1009\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-75258e67-bd1e-4e81-9977-4d319df1f116\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"has-text-align-center h5 mar-b\"><strong>Share This Article<\/strong><\/p>\n\n\n\n\t\t<div class=\"socials-block\">\n\t\t\t    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=Canada Leads International Buyers of U.S. Real Estate in Slowest Period in 15+ Years &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/travel-and-cross-border\/buying-or-refinancing-a-us-property\/canada-leads-international-buyers-of-u-s-real-estate-in-slowest-period-in-15-years\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/travel-and-cross-border\/buying-or-refinancing-a-us-property\/canada-leads-international-buyers-of-u-s-real-estate-in-slowest-period-in-15-years\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n       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topic mar-t-0 mar-r-qtr mar-b-hlf\">Home Ownership<\/a>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/retirement\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Retirement<\/a>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/snowbird\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Snowbird<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel mob-pad-t-dbl\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading mar-b mob-mar-b-dbl mar-t-0\" id=\"h-read-this-next\">Read This Next<\/h2>\n\n\n\t\t\t<div class=\"related-posts-type-2\">\n\t\t\t\t<div class=\"related-post-list\">\n\t\t\t\t\t<ul class=\"grid-wpr eh-wpr\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"930\" height=\"620\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Selling_your_US_property_Thumbnail-default.jpg?quality=80&amp;w=930\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Selling_your_US_property_Thumbnail-default.jpg 930w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Selling_your_US_property_Thumbnail-default.jpg?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Selling_your_US_property_Thumbnail-default.jpg?resize=768,512 768w\" sizes=\"auto, (max-width: 930px) 100vw, 930px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/travel-and-cross-border\/buying-or-refinancing-a-us-property\/\">\n\t\t\t\t\t\tBuying or Refinancing a US Property\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/travel-and-cross-border\/buying-or-refinancing-a-us-property\/selling-your-u-s-property-5-things-canadians-need-to-know\/\" class=\"card-title h4 mar-t-0\">Selling Your U.S. Property? 6 Things Canadians Need to Know<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full 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href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/travel-and-cross-border\/buying-or-refinancing-a-us-property\/canadians-chasing-sun-fun-and-savings-what-american-real-estate-trends-reveal\/\" class=\"card-title h4 mar-t-0\">Canadians Chasing Sun, Fun and Savings: What American Real Estate Trends Reveal<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"494\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Refinancing_Your_U.S._Home_Banner-wide_402x-scaled-1.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"A woman in a doorway\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Refinancing_Your_U.S._Home_Banner-wide_402x-scaled-1.jpg 2560w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Refinancing_Your_U.S._Home_Banner-wide_402x-scaled-1-300x145.jpg 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Refinancing_Your_U.S._Home_Banner-wide_402x-scaled-1-1024x494.jpg 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Refinancing_Your_U.S._Home_Banner-wide_402x-scaled-1-768x371.jpg 768w, 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class=\"card-title h4 mar-t-0\">Cash-Out Refinancing: Equity Options for Your U.S. Home<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n<\/section>\n<style class=\"advgb-styles-renderer\">\n\t\t.wp-block-tk-spacer.id-a45f7ea2-ba8e-427e-9d5e-259aaa191349 {\n\t\theight: 1px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-a45f7ea2-ba8e-427e-9d5e-259aaa191349 {\n\t\t\theight: 24px;\n\t\t}\n\t}\t\n\t\t.wp-block-tk-spacer.id-fc0be6b9-485f-41dc-82a0-b5f6e2983009 {\n\t\theight: 10px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-fc0be6b9-485f-41dc-82a0-b5f6e2983009 {\n\t\t\theight: 10px;\n\t\t}\n\t}\t\n\t\t.wp-block-tk-spacer.id-56ab77ca-c9a4-436f-adb5-334aa058ce43 {\n\t\theight: 1px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-56ab77ca-c9a4-436f-adb5-334aa058ce43 {\n\t\t\theight: 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