Have you noticed the Canadian dollar lately? It’s well above par and that means, along with the lower cost of American homes (in general) that if you are INTERESTED in investing in the USA that NOW is the time for you to act! According to the FP.com:
According to BMO chief economist Sherry Cooper. “There hasn’t been a better time for Canadians to buy property in America’s sunshine states in nearly 40 years.
Thanks to the combination of a huge gap between average Canadian and U.S. home prices and a strong loonie, real estate south of the border is looking like a good investment”, Dr. Cooper said in “The Bottom Line” Thursday.
Dr. Cooper goes on to say:
Canadians are the largest single foreign buyer of U.S. properties in the “Sun and Sand States” (Florida, Arizona and Nevada). But Europeans and Latin Americans are also pouring money in.
But she cautions potential buyers to act now — because the gap between housing prices will begin to close as the U.S. market improves.
“With interest rates so low, and the Fed working to push them down even further, housing activity is likely to continue to recover,” Dr. Cooper said.
If this is something that interests you let’s chat about your mortgage options!
I’m always happy to help!