Canadians love our housing market
It’s easy for sellers in the United States to be down our current housing market. Prices are down. Sales times are up. Foreclosures are up even higher.
But in Canada, residents view the U.S. housing market as one great investment.
You can read about Canada’s love affair with our housing market here, in a story in the Wall Street Journal. But, to sum it up, the Canadian dollar is strong and U.S. homes are cheaper than they’ve been in years. This combines to make U.S. housing a strong investment for Canadian buyers.
In fact, U.S. residential real estate is a great investment for scads of foreign buyers. I live in the Chicago area, and the city has long been a lure to foreign buyers. Some are looking for second homes, others just an investment property. It’s the same in most major U.S. markets.
So next time you hear about how bad the U.S. housing market is, remember this: Not everyone agrees.
Tags: Canada, foreign-buyers, selling-a-home, Wall Street JournalRelated Stories
POSTED IN: Breaking News, Buying a Property, Foreclosed Properties, Insights and Commentaries, Mortgage, Real Estate Terms, Real Estate Tools, Real Life Stories, Road to Profits, Selling a Property
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