Good news, eh? Foreigners return to real estate

For several weeks now, I’ve been preaching about the real estate industry saying if you got the money, patience and time, now is a great time buy.

Now, in a one-day conference in Alberta’s Edmonton, Canadians are being told to fly south, and flock to areas like Montana, Idaho, Utah, Nevada and Arizona.

Terry Ritchie, a financial adviser who has co-authored, “The Canadian Snowbird in America: Professional Tax and Financial Insights into a Temporary Lifestyle in the U.S.” writes that there are incredible buys in the U.S. because of the strong dollar, combined with low U.S. home prices.

“There’s a lot of misinformation about how a property (in the U.S.) should be titled and owned,” Ritchie told the Edmonton Journal. “I have a checklist that I will raise at the conference that people need to answer because one size does not fit all.”

Meanwhile, Trish Gannon, owner and publisher of The River Journal, writes that North Idaho is open for (real estate) business, and extols the secrets that are to be found in economy near the Canadian border. North Idaho and western Montana didn’t contribute much to the issues that created problems nationally, she writes.

Tom Renk, owner/broker of CM Brewster Real Estate in downtown Sandpoint, is quoted as saying there are 3,000 active listings in the Multiple Listing Service in North Idaho region.

“For example, there’s a property on ten acres with a 3,200 sq ft home and a shop, selling for $219,000. That’s an incredible price. You can’t build a 3,200 sq ft house for that.”

From January 1 to March 15, average sales price on a residential property in 2008 was $315,590 compared to this 2009’s price of $259,659. 

For several weeks now, I’ve been preaching about the real estate industry saying if you got the money, patience and time, now is a great time buy.

Now, in a one-day conference in Alberta’s Edmonton, Canadians are being told to fly south, and flock to areas like Montana, Idaho, Utah, Nevada and Arizona.

Terry Ritchie, a financial adviser who has co-authored, “The Canadian Snowbird in America: Professional Tax and Financial Insights into a Temporary Lifestyle in the U.S.” writes that there are incredible buys in the U.S. because of the strong dollar, combined with low U.S. home prices.

“There’s a lot of misinformation about how a property (in the U.S.) should be titled and owned,” Ritchie told the Edmonton Journal. “I have a checklist that I will raise at the conference that people need to answer because one size does not fit all.”

Meanwhile, Trish Gannon, owner and publisher of The River Journal, writes that North Idaho is open for (real estate) business, and extols the secrets that are to be found in economy near the Canadian border. North Idaho and western Montana didn’t contribute much to the issues that created problems nationally, she writes.

Tom Renk, owner/broker of CM Brewster Real Estate in downtown Sandpoint, is quoted as saying there are 3,000 active listings in the Multiple Listing Service in North Idaho region.

“For example, there’s a property on ten acres with a 3,200 sq ft home and a shop, selling for $219,000. That’s an incredible price. You can’t build a 3,200 sq ft house for that.”

From January 1 to March 15, average sales price on a residential property in 2008 was $315,590 compared to this 2009’s price of $259,659.

 

 

 

IBR Real Estate