Canadian real estate feels the love from foreign buyers

"Canada is absolutely gorgeous, but I'm on more of a time schedule because the dollar is so bad," said Dave Smith, who owns a New York information-technology business and is looking for an Alberta property. "It's crazy not to invest in it now because it's just a matter of time before it bounces back."

 Foreign investors are snapping up ski chalets and commercial properties in Canada as a drop in the nation's sagging currency in the past two years means their money buys much more.

The bargains are especially attractive in Alberta's resort country, where home prices in the energy heartland have fallen with the price of oil, adding to the 25 percent drop in the value of the Canadian dollar since 2013.

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Canadian real estate feels the love from foreign buyers

https://ca.finance.yahoo.com/news/canadian-real-estate-feels-love-foreign-buyers-173344103--sector.html

 

 

Prasad Ari

Prasad Ari

Sales Representative
CENTURY 21 People's Choice Realty Inc., Brokerage*
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