MIAMI—How are Canadian investors picking their markets? And is this flood of foreign capital going to dry up after 2014?

GlobeSt.com caught up with Mark Stapp, executive director of the Master of Real Estate Development program at the W. P. Carey School of Business at Arizona State University, to get his take on these and other topics related to the invasion from the great white north. You can still read part one of this exclusive interview: Canadian Investors Like These Property Types Best.

GlobeSt.com: Are there certain geographic areas that are a stronger focus for Canadian investors? How are Canadian investors picking their markets?

Stapp: Strong areas are the Southeast and Southwest, especially Arizona. In particular, Palm Springs, southern California, Florida, and Arizona are very popular.

GlobeSt.com: What trend lines are you seeing among Canadian investors?

Stapp: I see more of the same. I don't see any big shifts in the short term unless the dollar strengthens considerably compared to the loonie and our prices increase substantially.

GlobeSt.com: Is there any downside to the rush from Canadian investors? Is it creating more competition for US-based buyers? Are we getting too dependent on foreign capital?

Stapp: All investors have helped to stabilize our property markets. Now, they also create competition for US homebuyers and have caused prices to escalate fast in some markets. In the commercial segment, they have been opportunity buyers.

GlobeSt.com: How long do you expect this interest from Canadians to last? Is this just a blip on the radar screen or a longer-term strategy?

Stapp: This is a long-term trend that has existed for a long time. Given our proximity, ease of travel and close cultural connections, it's going to continue.