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Canadian waiting game for U.S. property ending

Posted on 27 April 2012

A report by BMO says the waiting game for Canadians interested in buying U.S. real estate in select regions could be at an end. “While there’s little urgency, now is likely a good time to buy U.S. real estate in regions with relatively low foreclosure rates, as conditions should improve enough to put a floor under prices this year,” said Sal Guatieri, senior economist with BMO Capital Markets.
“The inventory overhang has ebbed, prices are low, and some pent-up demand exists. However, patience is a virtue for bargain hunters in areas saddled with distressed properties.”……………………………………….Full Article: Source


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