Real Estate Investing...Canadian Style

It looks like the Canooks are getting in on the declining real estate market.

Canadians are scrambling to grab properties in the United States. This comes as no surprise due to affordable house sales and a horrible US dollar valuation against the Canadian dollar.

The National Association of Realtors was quoted as. "Since May 2007, NAR estimates that between 150,000 and 190,000 homes in the U.S. were bought by foreign nationals."

In 2008, Canada leapfrogged Mexico as the #1 country bringing foreign buyers into the U.S..
The NAR also said in its 2008 Profile of International Home Buying Activity survey that,
"Since last year, the percentage of Canadian buyers more than doubled from 11% to 23.5%."

The UK came in behind Canada, followed by Mexico, China, India and Germany.

Click here to read the full article:

http://www.mortgagenewsdaily.com/872008_Canadian_Home_Buying.asp

From Bogota,

Matt Gerchow
Real-Estate-Investing.com