Back in the heady year of 2007, the amount of foreign investment in U.S. real estate totaled $40 billion. Two years later, after the subprime blow-up, Wall Street crash, recession and rampant foreclosures, foreign investment plummeted to $4 billion.
According to Real Capital Analytics, 2010 marked a return of foreigners to American real estate as investment doubled to $8 billion -- and a lot of that capital, like goose migrations, came south from Canada.
To get those numbers, Real Capital Analytics scrutinizes major commercial real estate deals, which doesn't include single-family home sales. But, it does include transactions involving multifamily properties, which are still proving very popular with foreign buyers.
In the past, opportunists look