Does the looney at par have you looking at homes in the USA? “America’s Builder” DR Horton is holding an ‘UnAuction Sale‘ in 23 southern California neighborhoods offering new homes for up to 50% off their peak value. In fact you can likely find deals like this in a lot of sunbelt states right now due to the current state of the US housing market.
The exchange rate and crashing house prices is making US property more appealing to many Canadians, but you’ll want to check into tax issues before you buy, even if you’re not planning on renting it out for cash-flow. Some states like Arizona charge the same property tax whether you’re a resident or not, while other states like California charge a much higher property tax to non-residents.