Palm Springs properties popular choice for Canadians
Wealthy owners of property in Canada have been crossing the border to take advantage of bargain USA real estate prices according to realtors across the US.
Palm Springs in California is particularly appealing to the Canadian market of holiday home buyers desperate to escape the harsh weather conditions at home as they look forward to the relaxing lifestyle offered throughout the warm sunny region.
Residential real estate prices of condos and other types of properties are at the lowest level in more than a decade and there are many amazing properties on the market for a fraction of the price of a comparable property in Canada.
The Canadian dollar continues to gain strength when compared to that of the States and many buyers are travelling to the US with a pocketful of cash intent on buying a holiday home that is bound to bring a great return on their initial investment in the long term when property prices begin to recover.