With a relatively week US Dollar and historically low prices, Canadians have enjoyed an advantage for investment and vacation home purchases in the US and Las Vegas, Nevada. According to CBC News in Canada, that is changing. CBC cites, Arizona and Florida as two favorites among Canadians and where buyer competition is making it tougher for non-US residents to buy at such previously fruitful prices.
This is also happening in Las Vegas, NV where decreased inventory and huge demand are making it more difficult for Canadians to purchase homes at such incredible discounts. Of course, the market dynamics make it difficult for local purchasers as well. Canadians still have an advantage for buying a home in Las Vegas, however. Because most Canadians purchase with all cash and a favorable currency exchange rate they are still realizing better ROI than US investors.