Buying U.S. Vacation Property?

At McLennan Ross, rarely a week goes by without a question being raised by a client on the purchase of U.S. real estate. The combination of drastic price drops for U.S. real estate, near parity of the Canadian dollar and the snowbird culture have produced a wave of interest in foreign acquisitions. While the reasons for buying U.S. real estate are many and varied, the issues, and advice, are equally so.