Canadians Betting on Miami Multifamily

MIAMI—The international capital invasion continues—and Canada is putting down its fair share of the investment dollars. Indeed, according to Colliers International‘s Year-End 2012 Foreign Capital Trends Report, Canada continues to dominate the foreign capital buying market in the US for all commercial property types, accounting for 34% of the total foreign investor sales.

“As the result of Canadian banks issuing recourse loans and suffering fewer hits during the housing collapse, Canada has broken through in better shape during the global recession,” Deme Mekras, a multifamily broker with Franklin Street, tells GlobeSt.com. “Canada has made more than a quarter of all foreign investment into the U.S. according to CoStar.”