Who's buying? Along with affluent Americans unaffected by the recession, Europeans looking for more remote luxury destinations are also finding second homes in Canada. U.K.-based real estate firm Knight Frank is even in the midst of developing a property in Whistler, British Columbia, to attract skiers from across the pond.
Sunday, May 11, 2008
International buyers eye Canadian real estate
Canada's dollar has had its strongest performance in years. From a record low of 62 cents on the U.S. dollar in January 2002, the currency now matches the U.S. greenback in value. And the second-home housing market at the high end, in places like Victoria on Vancouver Island and Chester, Nova Scotia, is flourishing.
Who's buying? Along with affluent Americans unaffected by the recession, Europeans looking for more remote luxury destinations are also finding second homes in Canada. U.K.-based real estate firm Knight Frank is even in the midst of developing a property in Whistler, British Columbia, to attract skiers from across the pond.
Who's buying? Along with affluent Americans unaffected by the recession, Europeans looking for more remote luxury destinations are also finding second homes in Canada. U.K.-based real estate firm Knight Frank is even in the midst of developing a property in Whistler, British Columbia, to attract skiers from across the pond.
