Monday, September 8, 2008

Canadians are the Biggest Foreign Buyers Of U.S. Homes

Good news for homeowners?
clipped from
The strong Canadian dollar and the American housing downturn have led many Canadian investors to buy properties in the U.S., June Fletcher writes in today’s Wall Street Journal. Fletcher found that Canadians made up the largest portion of foreign buyers of U.S. homes between May 2007 and May 2008. At 24% of all foreign buyers, that’s double the percentage of the year prior, Fletcher writes, citing the National Association of Realtors.
Fletcher’s House Talk column today also touches on the Canadian influx.
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