There’s a headline in today’s Toronto Star newspaper entitled “Hunting U.S. House Bargains” and the timing is rather ironic.  Just two days ago, I had an interesting email from Jim Gruler, an agent in Scottsdale, Arizona.  Jim recognizes the opportunity Canadians have right now in buying U.S. property and he was asking for suggestions on how he might best to reach our “snowbirds” who winter in Arizona.  He also knew that many “snowbirds” in Arizona spend their summers in the Collingwood - Blue Mountain area.

Canadians really do have a window of opportunity at the moment to buy into the U.S. housing market.  Real estate prices in the U.S. have plummeted in many areas due to the subprime mortgage fall-out.  This combined with our strong Canadian dollar equals one of the best opportunities Canadians have had in probably over 30 years to buy property down south.  In a post on his own blog, Florida REALTOR® Neal Bloom also points out that inventory levels are high meaning potential buyers have a wide choice of properties available for consideration.

Maybe the headline should have said, “Hunting Canadian Home Buyers” because that’s what is also happening.  If you are considering a purchase in the U.S., let me know and I”d be happy to search out a top notch REALTOR® in your area of choice to refer you to.

This entry was posted on Saturday, November 10th, 2007 at 11:29 am and is filed under Buying Real Estate, Collingwood Real Estate, Investment Property, Money Matters, Vacation Property. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.