It’s a red-hot buyer’s market
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buyers market, California, real estate market, toronto March 1st, 2008And time to take advantage of our strong dollar, lower U.S. prices
Every week, Ann Bosley’s Toronto-based real estate company gets several phone calls from Florida developers keen to promote their properties to Canadians. “It’s a new phenomenon,” says Ms. Bosley, president of the Canadian Real Estate Association.
It doesn’t take any marketing for Canadians to recognize an advantage when they see one. 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.
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