He adds that the recent dip in value of the Loonie has also made real estate investment in Canada a more attractive proposition for foreign buyers. (moneysense.ca)
In addition to the region's natural beauty, the buyers were lured by the low value of the loonie relative to the U.S. dollar, said Sookarow who, along with realtors elsewhere, says an increasing number of vacation property buyers are coming from south of the border. (moneysense.ca)
The panelists also believe the Canadian dollar, which hit 92 cents US today, will be worth 90 cents US by the end of year, not far from what they believe is the ideal value of the loonie (87 cents US) for business. (canadianbusiness.com)