U.S. Real Estate ‘Screaming Bargain’
By HANK DANISZEWSKI, THE LONDON FREE PRESS
Last Updated: February 10, 2011
U.S. retail estate is a “screaming bargain” for Canadian investors and will be for some time, said BMO economist Douglas Porter.
Delivering his annual economic forecast to the Middlesex Kiwanis Club Thursday, Porter noted overall U.S. house prices have plummeted 30% from pre-recession levels and as much as 50% in markets such as Florida, Arizona and Nevada….”It’s the investment opportunity of a lifetime!”
In contrast, Canadian house prices have largely recovered since a plunge in late in 2008.