It seems there could be an exchange of property buying going on across the Canadian border. On the one hand Canadians are buying over the border in USA, and on the other hand Americans are opting to buy in the stronger Canadian realty market.
Although contradictory, both scenarios can make sound financial sense, depending on which logical trail you are following. According to American Dollar Index figures, the American dollar has dropped to its lowest rating since the Index started in the seventies. In the Index, the dollar is rated against six international currencies. There is speculation that this falling dollar may still continue downwards, causing some Americans to choose to hedge their bets and change some of their green back dollars into Canadian multi-colored dollars!
One way to do this is to invest in some Canadian real estate. The market is very strong in Canada and the funds to buy the house would be held in Canadian dollars, of course. Cities such as Calgary, Edmonton, Vancouver and Saskatoon have been enjoying high increases in house prices this year. These cities are all reporting large increases in sales as well as higher than average sales for this...
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