The comparatively strong Canadian economy continues to drive Canadians to look for real estate deals in the US. National Association of Realtor (NAR) Studies show that almost double the number of Canadians are buying US real estate compared to 2007 and that number is likely to keep pace or grow as Canada will lead the other G7 countries in economic growth in 2009 according to a new International Monetary Fund (IMF) study.

While Canada is clearly not immune from the ongoing global financial crisis, the country is expected to see economic growth in the range of 1.2 percent in 2009 according to IMF. While that is less than half of what Canada experienced in 2007 it is expected to be the best performance among Japan, the United States, Italy, France, Germany and the United Kingdom.

The IMF anticipates the U.S. economy will continue to be slow next year, posting an almost zero growth rate of 0.1 percent for 2009.

This entry was posted on Saturday, November 8th, 2008 at 10:28 pm and is filed under International Real Estate Buyers, Real Estate Market Analysis, Second Home. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.