Investing in Soft US Real Estate Market
By Kathy Clulow, Trusted For Experience - Respected For Results
Canadians looking to Invest in Real Estate might want to consider the United States as a place to buy. The downturn in the American economy and housing market along with the rising value of our Loonie makes now a very good time to buy. According to an article in the Toronto Star yesterday buying property in Florida, with its huge increase in prices in recent years can produce very dramatic savings. The article goes on to say that "a typical two- bedroom, 1,200-square-foot condo on a golf course in Naples that would have sold for up to $350,000 (U.S.) last year now goes for $250,000, or $229,250 (Canadian)." With a depreciation in values of approximately 30% and an appreciation of over 20% Canadian dollar vs the US dollar over the last year the Star goes on to say that it would have cost...
Comments
2