“Trump Bump” for Ontario Real Estate in 2017?

Cliff Rego
Published on January 24, 2017

“Trump Bump” for Ontario Real Estate in 2017?

Regardless of your political leanings or how you feel about the new POTUS, I think we can all agree that there are strong feelings stemming from November 8th’s election. Some feelings are so strong, apparently, that many Americans are seeking refuge in Canada from a Trump presidency.

While initially limited to (subsequently-broken) promises by celebrities to leave the US and frantic searches on Canada’s Customs and Immigration website on election night (which crashed), we’re now getting reports that Americans have continued to take interest in setting up shop in the Great White North.

For instance, Royal LePage recently reported that its web traffic from US homebuyers surged 40% in Q4 2016, with Ontario receiving the most traffic/interest of all provinces. Naturally, Toronto was the most searched city.

So, now that inauguration day has come and gone and President Trump is a reality, will we see Americans take the leap, cruise across the Ambassador Bridge and make Ontario their new home? More importantly for local buyers and sellers: will this create more competition and drive up home prices in the GTA as well as Kitchener-Waterloo?

Don’t count on it.

If finding a new job, hauling your belongings across the border and getting visas in order isn’t enough to dissuade the masses from moving here, there’s one key factor that will: 

Community.

Family, friends, kind neighbours, local shop owners who know you by name, great schools with helpful teachers, social clubs, your dog groomer who always gives little Romeo a Milk Bone because “he’s just so darn cute!” – it’s about connection, familiarity, belonging and comfort. This is why a Galt family will stew about moving a few kilometres to Hespeler – let alone to another country!

And this is also why it’s such a pleasure to do what we do for a living: helping individuals, couples and families find the right neighbourhood for their lifestyle, where they will be happy long-term, where they will feel at home. It’s all about helping you achieve the best possible quality of life. Once you have it, it’s hard to leave it.

While any and all American expats would be welcomed warmly by our phenomenal communities, it would likely be difficult for them to leave their community for the unknown.

This is why I doubt that there will be a mass exodus from the US to Canada. Rather, I expect a “wait and see” approach to this new administration. At the end of the day, “quality of life” will be the deciding factor of any move.

Like the big, beautiful wall along our southern border, any significant “Trump Bump” is likely to be non-existent.

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