Canadians buying more HI homes than Japanese
Pacific Business News – by Janis L. Magin, Pacific Business News
Date: Friday, June 3, 2011, 12:00am HST
Buoyed by a strong currency exchange, a rise in the cost of oil and drop in home prices, Canadians have overtaken the Japanese as the No. 1 international buyers of Hawaii residential real estate.
Buyers from Japan historically have dominated the number of home sales made in Hawaii to non-U.S. buyers, with a focus on Oahu.
But last year, buyers from Canada purchased a total of 425 homes in Hawaii — 48 percent of all sales to non-U.S. buyers. By contrast, buyers from Japan purchased 245 properties, or 27 percent of the number of international sales, according to data compiled
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Hawaiian Americana Realty, Inc | Mark Howard – Owner/ Broker/Founder – RB 20384
1888 Kalakaua Ave., C312
Honolulu, HI 96815