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Canadians 'cashing in on lower US house prices'
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Canadians 'cashing in on lower US house prices'

Article Date : Friday, September 12, 2008       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Canadians 'cashing in on lower US house prices'

In news that may interest those thinking of investing in US property, it has been reported that an increasing number of Canadians are taking advantage of the widespread availability of bargain deals in their southern neighbour.

The cost of the average home in US dollars has fallen to almost the same number of Canadian Dollars, Canoe Money reports.

It stated that in June this year a USD325,000 home was worth CAD325,423, compared with CAD519,318 in January 2002.

Such a change may illustrate how much of a bargain British investors in the US may be able to get at present.

The situation has come about despite Canada's own economic fortunes taking a downturn.

A new poll by CBC news has found that 48 per cent of Canadians are worried about their economy, up 16 per cent from the last poll in October 2007.
 
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