Can an American buy property in Canada?
Now that the currency is devaluating, it seems like the right time to snatch up cheap property, then turn aground and sell it to the Chinese when it goes back up.
I'm a banker in Florida and we've had multiple funds of various American and foreign investors buying up foreclosed and distressed and other residential properties as of late. They buy homes in the $100k-$300k price range and then rent them out. I've personally seen at least $300 million worth of these funds pop up as of late; there's probably billions more I don't see.