The real estate market in British Columbia has been so strong that many real estate buyers looking for a second home or a real estate investment are looking to the U.S. for good buys. Even vacation homes in the interior of B.C. easily cost over $500,000. Given the high cost of real estate in B.C. and the favorable exchange rate, many investors are looking just across the border in Washington to places like Blaine, Birch Bay, and Bellinghamfor second homes. Mike Kent a Realtor in Birch Bay recently commented in the Bellingham Herald that he has recently been working with just as many Canadian buyers as American.
CrossBorder Books
Favorite Links
Recent Posts
- Blast Radius adds new offices in the U.S.
- Stork Craft Moves Office to Bellingham
- Viva Pharmaceuticals To Build Facility in Blaine
- IMF Praises Canada
- Paul Volcker and the Canadian Banking System
- Canada Is Getting Recognition - Cont.
- Canadian Companies Still Expanding in the US
- Canada Is Getting Recognition
- Canadian Investors Make News
- HTnaturals Opens First U.S. Retail Location
Sunrise REIT to Expand Beyond Ontario and B.C
"Sunrise Senior Living REIT is looking to expand its Canadian property holdings beyond Ontario and British Columbia, with Montreal as its first target, its chief executive said Wednesday.
Doug MacLatchy said he believes the Canadian market for independent-living senior homes is underdeveloped, largely because "Canadians have tended to believe their health care story. "They don't think that they should go outside" existing government services, the CEO said in an interview after the company's inaugural annual general meeting.
Toronto-based Sunrise Real Estate Investment Trust completed its $220-million initial public offering in December, when it held 24 senior living centres across North America.
It was created by Sunrise Senior Living Inc., which is based in a suburb of Washington, D.C., but chose to form the REIT in Canada because of more favourable tax laws."
Cross Border Mortgage Program
The RBC Mortgage Cross Border Mortgage Program helps non-U.S. citizens purchase or refinance a home in the United States. They have an experienced team of mortgage consultants dedicated to helping you obtain the right financing to meet your needs. Plus, they have streamlined the process to make it easier and faster for you to obtain a mortgage for a U.S. property.
