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| March 15, 2010: Canadians Flock to Real Estate Bargains in The United States - Particularly in Florida and Arizona... |
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According to the National Association of Realtors, Canadians were the primary foreign buyers of real estate in the United States in 2009. According to Florida Home Finders Canadians accounted for 30% of purchases by foreigners in the Sunshine State.
The primary motivators for the trend are the depressed US real estate prices, coupled with the advantage of a favourable exchange rate and Florida's warm climate. “You have this rare perfect storm in the United States where you have low interest rates, still falling prices and a Canadian dollar that keeps going up,” says Arnold Porter of Phoenix-based realty brokerage Arizona for Canadians. Experts predict that a flood of Canadians would enter the U.S. real estate market while the pronounced disparity between real estate prices in the US and Canada is maintained and while interest rates remain low and the CAD remains at near parity with the USD. Canadians purchasing properties in the United States should seek professional financial planning advice from qualified legal and accounting professionals who are well versed with Estate and Tax laws and rules in both Canada and the US. E.&O.E. |
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| September 03, 2010: Canadian Life Insurers Continue To Acquire US Life Insurers...Industrial Alliance Acquires Golden State Mutual... |
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