Vancouver Sun

GETAWAY PROPERTY: BUYING BEYOND THE BORDER

More and more Canadians are heading in that direction

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For many lucky Canadians, retirement looks like a dream home in California, Arizona, Hawaii or Florida — one with a pool and patio for entertaini­ng guests. Where you can cycle, golf, hike, practise yoga or swim in year- round comfortabl­e temperatur­es.

Canadians — especially baby boomers — are attracted to sunbelt states in increasing numbers; the happy result of having plenty of equity in their paid- off primary residences and a prolonged downturn in American home prices due to a variety of economic factors.

The first thing that American realtors will tell you about Canadians is that we sure love a bargain — hardly surprising, since many of us have been cross- border shopping for years. Canadians invest in real estate for a whole variety of reasons, and no matter how mesmerized we might be by dazzling sunshine and shimmering desert vistas, buying a vacation home is serious business and due diligence is required.

So, take a look around before you take the plunge. There’s tons of selection, and prices are still pretty great.

And enjoy the sunshine.

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 ?? THINKSTOCK. COM ?? Canadians heading to U. S. sunbelt cities such as Phoenix, Ariz., need to conduct due diligence before buying real estate.
THINKSTOCK. COM Canadians heading to U. S. sunbelt cities such as Phoenix, Ariz., need to conduct due diligence before buying real estate.

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