Whether you are looking for a vacation home or an investment, here are five reasons why now is a good time to buy Stateside:
- More Americans Are Renting. The housing crash in the U.S. combined with the financial crisis and recession have caused a great number of people to give up the "American dream" of owning a home. According to newspaper USA Today, 72% of Americans surveyed in August said home ownership was part of their dream, down from 77% at the beginning of the year. Greater demand for rental property has helped push rental returns higher in some U.S. cities, particularly for homes with three or more bedrooms. You can search historical rental rates at Rentbits.com.
- The Canadian Dollar Is Strong. The loonie has been hovering at just below parity with the greenback with the potential to break higher. The strength of the loonie is above its historical average over the past 10 years of about US78 cents. The strength against the greenback makes purchasing U.S.-dollar denominated goods cheaper compared to most other times in the past, and most likely the future too.