Buying US property for Canadians
The US property market has long been a topic of interest for Canadian investors due to the proximity of the two countries. Florida, in particular, has been a popular spot for investment from the so-called Snowbirds, elderly Canadians who make a yearly journey south to avoid the frigid northern winter. The sub-prime collapse, and ensuing market chaos, has no doubt put paid to the capital gains of many snow birds who bought during the US housing bubble. But for Canadians yet to invest in US property, now is the perfect time.
Canada, with its sky-high currency and bubble-like, overinflated domestic housing market, has seen more and more of its citizens capitalise on the value available to them when it comes to buying US property. Each Canadian dollar converts to about one dollar US at the time of writing, giving Canadian investors plenty of bank for their buck when it comes to buying US property.
The prospect of an eventual return to the long-term average of about 80c Canadian to the US dollar gives Canadian investors an inherent likelihood of a capital gain even without the likely appreciation of their properties' values in the US.
Large numbers of Canadians have chosen to invest in various US cities including Atlanta, Phoenix, Las Vegas, Detroit, Orlando and many others. If you are a Canadian and want to learn how to invest in the US, how to make it profitable and how to avoid the traps and pitfalls, all you need do is grab a copy of our book.
Or you can check out all the free information on US property investment accessible via our homepage.