Southern Security
Canada’s property market, as we talked about in our post last week (The Market’s Flip-Flops), has been shaky as of late – and that’s understating the fact. With predictions of another market slump on the horizon, property investors are spinning their heads in circles to keep their eyes open for the right investment move. Problem is that nobody’s drawing their guns just yet because of the probable impending doom the property market’s about to suffer. So, what’s a guy supposed to do?! Take it down South.
Literally, take your money over the border and into the United States. At the moment the US market is starting to legitimately recover, with housing prices growing by 2% over the last quarter. Now, this may not seem like much, but we assure you it’s better than gambling on the probably 8% value decline the Canadian market’s about to supposedly suffer. According to BMO chief economist Sherry Cooper, there hasn’t been a better time to buy property in America’s sunshine states in over 40 years. Right from the horse’s mouth folks. The rising stability in property prices and lack of impending double-dip housing decline make investing in US properties more appealing than ever to Canadian investors.
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image courtesy of NASA Earth Observatory
