Canadian's Snatching Up Real Estate in South Walton?

According to the National Association of Realtors, the number of Canadian investors in U.S. real estate rose to 23.5 percent from 11percent over the last year, and condominiums account for almost half of their purchases. This is a significant increase over a twelve month period. Additionally, more than 64 percent of Canadian buyers will use the dwellings as vacation retreats. Canadians are finding U.S. real estate to be a good investment due to the best exchange rate in about 30 years and ongoing declines in American property prices. Every winter we see a large influx of Canadian’s enjoying our beautiful beaches. The new international airport may open up more buying opportunities for our Canadian friends.
“When (the Canadian dollar) hit a dollar ten, it really created a real buzz for Canadians, not only those looking to buy second homes, but we’re also seeing it from buying purely from an investment standpoint,” says former Toronto financial planner Mark Dziedzic.