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Wednesday, March 26, 2008

Canadians Scoop up USA Real Estate

Today Canadians account for more than half of all new homes purchased in Texas, California and Florida. Due to strong Canadian dollar, declining U.S. dollars and weak housing prices due to the sub-prime mortgage mess have increased the appetite for Canadians to purchase real estate properties in America. Explosive local housing market in Canada where Canadians are seeing double digit appreciations in their own home values. Local real estate brokers in Arizona, California, Florida and other Sun Belt states are seeing tons of Canadian buyers. According to a broker interviewed in Sarasota, he said that in the past six months about 20 percent of his calls are from Canadians.

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