As I write this article, the Canadian dollar is worth more than the American dollar. In fact, it is at its’ highest level since the late 1970s.
What does this mean for us as Canadians?
One word: Opportunity.
Consider that the American housing market is in turmoil and people are being forced to foreclose on their houses because they can no longer afford them. This housing crunch has put downward pressure on housing prices, making it a great buying opportunity.
For example, looking at a real estate auction site based out of the U.S., for under $100,000 US I can buy a four unit property that brings in just under $20,000 US per year. Looking up here in my …