“Canadians are buying $19.8-billion of residential real estate in U.S.” – National Post

Canadians have and continue to be taking advantage of a dollar near par and could be setting themselves up for not only some great real estate deals, but also some excellent returns on a currency play.  The National Post explains.

“According to the most recent study released by the National Association of Realtors, Canadians made up the largest share of foreign purchasers of US real estate, accounting for 24% of all international sales, surpassing China (11%) and Mexico (9%) combined. In total, international buyers purchased $82.5 billion in US real estate during the year ending March 2012, up from $66.4-billion in 2011.”

View the full article HERE.