Canadians buying more HI homes than Japanese

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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


"Don't forget about our special Buyer Rebate Program that we offer – which is 30% of our commission is paid back to you the Buyer, as a rebate – in other words if you purchase a property for $500,000 you would receive $4,500.00 back to use for your closing costs, new carpet or paint, furniture or anything you like even cash if your lender approves"

 

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