Monthly Archives: March 2010

Half-price homes? Canadians pounce on the Sunbelt..

March 14, 2010

Tony Wong

Business Reporter

Last November Stacey Lynn found herself in Florida pondering whether to buy a condominium in Naples or one in nearby Sarasota. The Toronto woman ended up buying both.

“The prices were truly amazing, especially when you factor in the exchange rate,” said Lynn, explaining her splurge.

Except this wasn’t for a pair of jeans. Cross-border shopping has never been this good for Canadians.

No snow. No nasty bidding wars. And condominiums for the price of a parking space in downtown Toronto.

Canadians jaded by high prices at home are increasingly looking beyond our borders as a much more muscular loonie – and a sense that prices are bottoming out south of the border – has us flexing new-found financial brawn. Continue reading