Salt Spring Real Estate market report. Why is Salt Spring a Buyers Market (part 1)

One of the biggest reasons Salt Spring Island Real Estate is a buyers market is Canadian versus U.S. dollar

The high Canadian dollar $.85-.90 to $1US has slowed down the influx of US buyers. When the Canadian dollar was much lower in the $.70 range (2001) it made buying Salt Spring property here a deal for U.S. buyers. In 2001 if a US buyer bought a place for $700,000 US, it would get them a $1,000,000 house.  At the height of the market in 2005 that same property would be worth $2,000,000 CAN it would get the customer $1,800,000 US. The US buyers made money on the run up of the property prices and the Canadian dollar. This had a huge effect on the Salt Spring Island property market. Visit Salt Spring Island real estate Market Report for more information.

Cheers
Scott

For Salt Spring Island Real Estate information visit

http://www.escapetosaltspring.com/