Can an American buy property in Canada? Now that the currency

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Anonymous
2016-01-18 18:01:52 Post No. 1047823
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Anonymous 2016-01-18 18:01:52 Post No. 1047823 [Report]

Can an American buy property in Canada?

Now that the currency is devaluating, it seems like the right time to snatch up cheap property, then turn aground and sell it to the Chinese when it goes back up.

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Anonymous 2016-01-18 18:03:23 Post No.1047827
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Anonymous 2016-01-18 18:03:23 Post No.1047827 [Report]

>>1047823
>Cheap property

You know we have the most inflated real estate in the world and the bubble is popping because no one except for Chinese millionaires can afford homes, right?

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Anonymous 2016-01-18 18:06:59 Post No.1047830
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Anonymous 2016-01-18 18:06:59 Post No.1047830 [Report]

>>1047827
Yeah this, look at the annual returns in our property market. Total bubble territory. I can only hope the.Chinese stop buying up all our shit

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Anonymous 2016-01-18 18:11:49 Post No.1047835
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Anonymous 2016-01-18 18:11:49 Post No.1047835 [Report]

>>1047827

I'm a banker in Florida and we've had multiple funds of various American and foreign investors buying up foreclosed and distressed and other residential properties as of late. They buy homes in the $100k-$300k price range and then rent them out. I've personally seen at least $300 million worth of these funds pop up as of late; there's probably billions more I don't see.