Our Falling Dollar means house prices are more affordable for US and Overseas Buyers.
Our dollar is falling and its time for Canadians to stay at home and hit the slopes rather than travel to the US or overseas. But if you are from south of the border and have American cash, it may be the time to purchase a winter or summer home for a bargain. Kelowna has something to offer for every season; cherry blossoms in the spring, wine tasting in the fall, skating, skiing and snowboarding in the winter and boating in the summer. You can now purchase the buy of a lifetime and own a piece of Canada. On January 20, 2016, an American dollar was worth $1.46 Canadian and a Canadian dollar was worth 68 cents. One British pound was worth only 48 cents. If you bought a property for $1,000,000 Canadian, it would only cost 483,760.00 GBP (British Pounds). Price Quotes are as of January 20th, 2016.
Check out this link from the Huffington Post.