‘Thanking our lucky stars:’ Canadian resort real estate loves high U.S. dollar

Realtors who sell Canadian resort properties say the low loonie is spurring interest from American buyers who are looking to pick up cheap vacation homes north of the border.

“We’re thanking our lucky stars,” said Brad Hawker from Royal LePage Rocky Mountain Realty in Canmore, Alta.

While the housing market in Calgary – 130 kilometres to the east – is suffering due to plummeting oil prices, that hasn’t been the case in Canmore with a 70-cent Canadian dollar. Read More…

 

‘Thanking our lucky stars:’ Canadian resort real estate loves high U.S. dollar