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Stop Foreclosures >> We Buy Houses News >> We Buy Houses News: Canadians Turn towards U.S. Real Estate

We buy houses news


Wednesday, March 26, 2008

Canadians Turn towards U.S. Real Estate

Canadians account for more than half of all new houses purchased in Florida, Texas and California. Due to strong Canadian dollar, declining American dollars and weak housing prices due to the sub-prime mortgage mess have increased the desire for Canadians to obtain real estate properties across America. Explosive local housing markets in Canada where Canadians are seeing double digit appreciations in their own home values. Local real estate brokers in Florida, Arizona and California and other Sun Belt states are seeing plenty of Canadian buyers. According to a real estate agent in Sarasota, in the past six month nearly 20 percent of his calls are from Canadians.

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