The Canadian dollar is down about 10% over the last year, changing the landscape of foreign buyers in the U.S., but Canadians continue to buy luxury property
By Nancy Keates | The Wall Street Journal
Every day for the past six months Brian Christopher closely observed a swooning loonie. Mr. Christopher, 34, isn’t a bird nut: He’s a Canadian, who was trying to buy a home in Los Angeles, and facing a sharply depreciating Canadian dollar. “I’ve just watched it get worse and worse,” he says.
Down about 10% over the past year, the falling Canadian dollar (also known as a “loonie,” due to the image of a loon on the dollar coin) is shifting the landscape of foreign buyers in the U.S.
