Friday, February 29, 2008

Canada Shops U.S. For 2nd Home Bargains

Orlando, Las Vegas and other vacation home spots suffering fromt the burst housing bubble have newly interested buyers in Canada. "The combination of the strong Canadian dollar and plummeting real estate prices in the U.S. due to the sub-prime mortgage disaster has made buying property feasible again, especially in Florida and California where home prices had risen dramatically in recent years," says a column in today's National Post. Note to sellers: these are not just potential investors but snowbirds who have always wanted a warm getaway. For oil-rich buyers in Alberta, golf and gated communities in Arizona are a big draw.

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