Foreign buyers see value in U.S. real estate

Aug 30, 2011 Comments Off by

U.S. real estate is beginning to look very attractive to Canadians as an alternative investment.
Sunny havens such as Fort Myers, Fla., have seen property values plummet as much as 50 per cent since the start of 2007, while the value of the loonie has soared about 15 per cent during the same period. Add to the mix near record-low lending rates – not to mention the capricious stock market – and you have conditions snowbirds wouldn’t even have dared to dream about just a decade ago……………………………………….Full Article:Source

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