What looks like a perfect storm in the financial markets is opening up some oportunity in Nova Scotia!
The Canadian dollar has dropped from at least par or better to 78.5 cents! Today - Oct 24/2008
That combined with Oceanfront prices already being lower and you have the pertfect situation.

Oceanfront in canada is condidered almost "resession proof" and is set to almost double in value over the next 10 yrs due to the huge demand in the european and the Canadian Retirement sector.
You could - for example - pick up a property in Canada on the ocean in a popular spot for a lot less today than even last month. I know of 2 such bargains - even if you are buying with canadian currency!
With the exchange rate you would get a home for $500,000 canadian dollars for $392,859 at todays spot rate.
If you wait only 3 years - That home should appreciate to be $600,000 plus and if oil prices come back and you wait for the canadian dollar to come back up you should make yourself a tidy $200,000 min.
Thats seems like a no-brainer to me - especially to an older couple looking for a second home to spend summers in.
Why not check out the possibilities?
902-499-2950
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved