Overheating worries at home are driving Canada's homebuilders south of the border where they buy up rural land, betting on a recovery in the U.S. Homebuilders such as Mattamy Homes and Brookfield Residential Properties Inc are buying undeveloped land in Florida, Texas and other states where prices tumbled during the global financial crisis and remain well below pre-crisis levels.
via Business News http://ift.tt/1nDMU4O
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