A recently released Royal LePage-commissioned survey revealed 54 per cent of Canadians who own residential property in the U.S. are planning to sell within the next year.

Among those planning to sell, 62 per cent cite concerns over the current U.S. political administration, while 33 per cent point to personal or financial reasons and the remaining five per cent are driven by increasing extreme-weather risks.

If you are one of these U.S. property owners who is either already preparing to sell or even just contemplating it, here are key financial considerations to guide your planning:

1. Timing and exchange rate strategy—A weaker Canadian dollar makes owning U.S. property more expensive but offers an opportunity when selling. Converting U.S. proceeds into CAD at current favourable rates can amplify returns. Homeowners should consider saving gains from the exchange rate while markets remain favourable.

Simultaneously, economic or political instability in the U.S. could negatively impact U.S. real estate markets, prompting some to act sooner rather than later. Make sure to negotiate a preferred rate if you are moving this money back to Canadian dollars and not........

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