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The Fantastic Canadian-American Exchange
12-07-2017, 08:01 PM
Post: #1
Big Grin The Fantastic Canadian-American Exchange
It appears there might be a change of property-buying going o-n throughout the Canadian border. On the one hand Canadians are buying within the border in USA, and on the other hand Americans are choosing to purchase within the stronger Canadian realty market.

Though unclear, both scenarios will make sound economic sense, according to which logical path you are following. In accordance with American Dollar Index figures, the American dollar has dropped to its lowest score since the Index were only available in the seventies. Inside the Index, the dollar is rated against six international currencies. I discovered by searching Yahoo. There is speculation that this buck may still continue downwards, causing some Americans to choose to hedge their bets and change some of their natural right back dollars in to Canadian multi-colored dollars!

One method to try this is to spend money on some Canadian real estate. The market is extremely powerful in Canada and the resources to get the home could be used in Canadian dollars, of course. This novel article has many staggering lessons for the meaning behind it. Towns such as Calgary, Edmonton, Vancouver and Saskatoon have now been enjoying high increases in house prices this season. These towns are reporting significant increases in sales in addition to higher-than average sales for this time of the year.

As at November 2007, Canadian existing home sales had previously hit an annual record. Regular house prices rose 11% and the development looks like continuing. Nationally average house prices are expected to increase by 3.5% in 2008. The number of homes investing hands in 2008 can be expected to remain greater than in most years prior to 2007. To get one more viewpoint, please look at: These results are from

Noble LePage's 2008 Market Study Estimate.

Regardless of the American recession, Canada needs its realty industry to increase by not quite four to five in to 2008. The Vancouver City News report that it would seem wise for Americans to 'put money into the Canadian real estate market and take advantage of soaring house prices which may have perhaps not yet peaked and the of the increasing Canadian dollar.'

These facets all make purchasing Canadian property a viable proposition for members of the falling American money. Granted these facts, does it make sense that many Canadians are doing the precise opposite and exceeding the line to purchase real estate in he USA? Well, with the Canadian dollar nearly on par with the U.S. Money, Canadians get more for their money than they used to when they lost 10% for every loony.

What is more, costs within the line in many cases are cheap at the moment, with some of these really being given up to foreclosure sales. The discount o-n these rates is quite significant and realtors in places such as the Pacific North-west have reported an amazing escalation in Canadian Buyers. Visit to explore when to allow for this viewpoint. Still another common place for Canadians - especially snowbirds - is Nevada. It's the greatest foreclosure rate right now, so discounted prices could be picked up there.

The home market is always a gamble, but there are also always offers if you're in the right place at the right time to-be made!.
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