Canadians snap up US homes.

[bartongrl1]

CHANDLER, Ariz. - Two hours after his flight landed in Phoenix, Calgary resident Doug Farley already was cruising the city's vast stuccoed suburbs in search of the one attraction Canadians cannot seem to get enough of these days: cheap homes.

There are thousands of them here: almost new, unoccupied and dropping in value. The mortgage meltdown, combined with a surging Canadian currency, has Farley — and many of his countrymen — dreaming of winter golf on grass that's always green.

Read more here

[lily]

From other articles I have read, there are many international buyers who are seizing the opportunity to buy up US real estate. I guess I wouldn't blame them.

[thohome]

I just read a artical that said Canadas economy would stay strong economicly if the housing market hold up and we don't go in to a ressestion in the US. I wonder if this has anything to do with the purchase of US homes.