Gyrations in the Canadian Dollar-US Dollar Exchange Rate Affect US Real
Estate Market
As noted in the WSJ:
“Real-estate agents say the biggest drop is in the lower
end of the market, where Canadians have traditionally bought condos and smaller
homes in cities like Honolulu and Orlando as investments. These buyers swooped
in when the U.S. housing market crashed and the Canadian dollar was much
stronger. Now, with the Canadian dollar trading at about 75 cents U.S., many
are selling.”
Chinese Buyers Have Now Overtaken Canadians as the Largest
Foreign Investors in the US Real Estate Market
http://www.nytimes.com/2015/11/29/business/international/chinese-cash-floods-us-real-estate-market.html