Are the Canadians Going to Invade?

We all know that for a while now the euro has been very strong against the dollar. It’s helped foreign investors spend heavily and heartily in New York real estate throughout the decade.

Well, news comes today that the dollar has fallen to an all-time low against the euro, with the euro trading at $1.40.

Apparently, the dollar is now also equal to the Canadian dollar, in fact, which makes us wonder: Are those hockey-loving Canucks from up north the new frontier for city real estate?

Just asking.