There has been a recent surge in Canadians buying property in the United States. This is due to a number of factors, including the weak Canadian dollar and low-interest rates in the US. Canadians are also attracted to the warmer climate and diverse landscape of the US.
If you’re thinking of buying property in the US, there are a few things you need to be aware of. First, you’ll need to get a mortgage from a US lender. You’ll also need to make sure that the property is properly insured. And finally, you’ll need to be familiar with the US tax system, as there are some significant differences between the Canadian and US systems.
The process of buying property in the US can be complex, but it’s definitely doable. With careful planning and a bit of research, you can find the perfect piece of US real estate to call your own.
Canadians buying U.S. Property
As the Canadian dollar weakens and interest rates remain low in the United States, an increasing number of Canadians are looking south of the border for real estate opportunities.
Canadians have long been attracted to Florida and Arizona for their warm weather and diverse landscape. But now, with the Canadian dollar hovering around 70 cents US, Canadians are finding that their purchasing power goes a lot further in the States.
According to the National Association of Realtors, Canadians bought US$19 billion worth of property in the 12 months leading up to March 2016. That’s up from US$12 billion the year before. And Canadians are now the largest group of foreign buyers of US real estate, ahead of buyers from China and Mexico.
If you’re thinking of buying property in the United States, there are a few things you need to be aware of. First, you’ll need to get a mortgage from a US lender. You’ll also need to make sure that the property is properly insured. And finally, you’ll need to be familiar with the US tax system, as there are some significant differences between the Canadian and US systems.
The process of buying property in the US can be complex, but it’s definitely doable. With careful planning and a bit of research, you can find the perfect piece of US real estate to call your own.
Canadians purchasing U.S. Property
As the Canadian dollar weakens and interest rates stay low in America, an increasing number of Canadians are looking to the south for real estate opportunities.
Canadians have always been attracted to Florida and Arizona because of their warm weather and diverse landscape. But now, with the Canadian dollar only being worth 70 cents US, Canadians are finding that their money goes much further in America.
According to the National Association of Realtors, Canadians bought $19 billion worth of property in the 12 months leading up to March 2016. That’s up from $12 billion the year before. And Canadians are now the largest group of foreign buyers of US real estate, ahead of buyers from China and Mexico.
If you’re thinking of buying property in America, there are a few things you need to be aware of. First, you’ll need to get a mortgage from a US lender. You’ll also need to make sure that the property is properly insured. And finally, you’ll need to be familiar with the US tax system, as there are some significant differences between the Canadian and US systems.
The process of buying property in America can be complex, but it’s definitely doable. With careful planning and a bit of research, you can find the perfect piece of US real estate to call your own.
Canadians buying property in the United States
As the Canadian dollar weakens and interest rates remain low in the United States, an increasing number of Canadians are looking south of the border for real estate opportunities.
Canadians have long been attracted to Florida and Arizona for their warm weather and diverse landscape. But now, with the Canadian dollar hovering around 70 cents US, Canadians are finding that their purchasing power goes a lot further in the States.
According to the National Association of Realtors, Canadians bought US$19 billion worth of property in the 12 months leading up to March 2016. That’s up from US$12 billion the year before. And Canadians are now the largest group of foreign buyers of US real estate, ahead of buyers from China and Mexico.
If you’re thinking of buying property in the United States, there are a few things you need to be aware of. First, you’ll need to get a mortgage from a US lender. You’ll also need to make sure that the property is properly insured. And finally, you’ll need to be familiar with the US tax system, as there are some significant differences between the Canadian and US systems.
The process of buying property in the US can be complex, but it’s definitely doable. With careful planning and a bit of research, you can find the perfect piece of US real estate to call your own.
Canadians buying property in America
As the Canadian dollar weakens and interest rates stay low in America, more Canadians are looking to the south for real estate opportunities.