I bought a house in Birch bay last year when the dollar hit Par. It is so much much cheaper to buy down there. My place is a 10 minute walk to the beach
3 bedroom 2.5 bath around the 200,000 mark, for a 3 year old house...even if the house doesn't move up in value...when the dollar settles back to its typical 80 cents you will make good coin on the exchange alone
If the housing market picks up again down there...you will make even more in the future.
Its a total win win
Closing costs are minimal I paid around 500 dollars to close, no taxes, only the lawyers fees......no issues at all being Canadian
The bonus is there are a ton of people wanting to rent a home down there. I had 15 calls on my place alone...was able to pick and choose...have a great tenant leasing for a year
just a suggestion if you are thinking of investing...dollar at par gives you a lot of buying power down there
look at Short sales (need a lot of patience) or foreclosures to get a really good deal