Rising prices, falling loonie tarnish sunbelt real estate

loonieBy Julian Beltrame | The Canadian Press

Snowbirds have been steadily picking up deeply discounted properties in popular Florida and Arizona over the past three years, but with the U.S. economy picking up and the loonie rising, those deals are harder to find.

With the loonie losing value against the American dollar, U.S. home prices climbing and the potential for higher mortgage rates, Canadian snowbirds may have missed the best time to buy a winter getaway property.

But that doesn’t mean the window has closed completely, industry experts say.

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