Relations between the United States and Canada, historically marked by close economic ties and mutual cooperation, are showing signs of strain, raising concerns about their impact on one of the most lucrative pipelines of foreign investment into U.S. commercial real estate. According to a report by Business Insider, Canadian investors, who have been the largest foreign buyers of U.S. commercial property assets since 2015, may be reconsidering their approach to deal-making south of the border.

Over the past decade, Canadian buyers have poured roughly $184 billion into U.S. multifamily apartments, office buildings, retail spaces, industrial warehouses, and other commercial properties, according to data from MSCI. This makes them the top foreign investors in American real estate. However, recent tensions between the two nations have sparked fears that these wealthy Canadian pension funds and institutional investors might slow or even halt their acquisitions in the U.S.

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