Current economic environment drawing a certain type of client?
With the Canadian dollar taking a beating, one leading economist believes foreign investors will flock to the Canadian real estate market to take advantage.
“Certainly. The price of Canadian real estate has fallen in U.S. dollar terms and in terms of many other currencies as well,” Dr. Sherry Cooper, chief economist with Dominion Lending Centres told MortgageBrokerNews.ca. “Low interest rates might not be such an important issue because foreigners do not generally borrow domestically in Canada.”