Thinking of buying real estate in the United States?

April 1, 2010 | Our Listings | By Aaron Rossetti

Today the Canadian dollar inched that much closer to par, trading above .99 cents. As the Canadian dollar reaches near parity, many people have been asking us about purchasing across the border. Markets in Phoenix and Scottsdale, Palm Springs, Las Vegas, and Southern Florida remain depressed, but with many calling for a rebound in the near future. Warren Buffett in his letter to his Investors wrote "within a year or so, residential housing problems should largely be behind us."

If you are considering a purchase across the border, now may be a good time to transfer money to a US account for a down payment. There are a variety of financing options available for US purchases with 15 to 30 year fixed rate mortgages available for under 5%. Our team has numerous contacts across the US to help you find the perfect winter home or investment property, please give us a call at 604.983.2518 for more information.