The Canadian Dollar has reached an all time high on news that unemployment is at its lowest level in 33 years. The Canadian government has reported that five times more jobs than originally forecasted for the month of October. The Canadian currency has gained 24.6 percent against the US Dollar in 2007. With steady job growth, high oil prices, and a weak US currency, the Canadian Dollar is expected to increase.
So, what does this mean for the real estate sector? More and more Canadians are snapping up properties in the United States and Mexico. The combination of their strong currency and the slowdown in the US housing market has created a number of real estate investment opportunities for Canadians. If the prices of Mexican real estate seemed attractive before, now they look even better.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment