Falling prices, soaring loonie drive buyers
(Source: The Star)
Cross-border shopping has never been this good for Canadians.
No snow. No nasty bidding wars. And condos for the price of a parking space in downtown Toronto.
Canadians jaded by high prices at home are increasingly looking beyond our borders as a much more muscular loonie — and a sense that prices are bottoming out south of the border — has us flexing new-found financial brawn.
Not since the Japanese started snapping up real estate in Manhattan have a group of foreign buyers been as prevalent in U.S. markets.
Read Tony Wong’s full article “Canadians flock to buy U.S. real estate” in TheSpec.com (March 16, 2010).