With the U.S housing market still struggling to recover and foreclosures still so prevalent is now the right time to buy property in the U.S? This article written by Dianne Nice from the Globe and Mail that looks at some of the most common questions about Canadians buying property in the U.S. as it relates to the impact a purchase would have on their tax situation. With the Canadian housing market still doing so well and with many Canadians looking for different investment opportunities does it make sense to use the equity you have established in your home to purchase a vacation property in places like Las Vegas, Tampa, Los Angeles and Phoenix?
With interest rates at an all-time low this could be a strategy you incorporate into your mortgage or retirement strategies. Should you have further questions or like to chat about this feel free to contact me any time.
Have a great week and enjoy the article!
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