admin | Apr. 6, 2016
Foreign Money Buying Canadian Homes
When looking at the loss of value in the Canadian dollar versus foreign currency we notice that there is a strong case for foreigners to look to Canada for Real Estate investment.
With 15% to 30% increases in the value of foreign currency over the last 5 years versus an approximate 33% increase in the price of Kitchener-Waterloo homes over the same period, we note that foreign buyers are literally buying homes at 2010 prices.