Because of tighter financial regulations, things such as subprime lending are unknown in Canada. As a result, Canadian real estate appreciated while property values in Florida, Arizona and other hard-hit U.S. markets went into the tank. Now Canadians are taking advantage of low housing prices in Florida.
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Full story at http://www.npr.org/2011/02/18/133864976/in-fla-its-a-great-time-for-canadian-homebuyers?ft=1&f=1006
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