Hartlepool, United Kingdom (PressExposure) June 17, 2009 -- Canada property made it back into the top 10 most popular countries with overseas property buyers in May according to overseas property portal Property Abroad.com.
Canada is one of the most popular places with those wishing to emigrate from Britain. It is these buyers who are reported to be waiting in the wings to see how much prices are going to fall before making their move.
Recently there have been reports that the Canadian market is beginning to show signs of turning around in certain places, and this has likely spurred on these buyers that now is the time to buy.
These buyers will now also benefit from the fact that Sterling is starting to strengthen against the Canadian Dollar (the Loonie). Sterling is currently worth 1.822 Canadian Dollars, higher than it has been for some weeks.
Sterling is currently strengthening against many currencies, and as a result some of the pent-up demand within Britain for overseas property is beginning to be released. This is likely to continue after a stream of positive economic data has been revealed in the past few days.