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).

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