Why Legal Representation is Essential for Canadians Purchasing Property in the U.S.

In the last few years, the U.S. real estate market has sparked interest in the eyes of Canadian investors. We are not solely talking about major investors, but smaller players looking to purchase a second home to escape those long Canadian winters.

The process of purchasing U.S. real estate can be quite daunting for Canadians. As a result, this text will look at the process of purchasing U.S. real estate and discuss the benefits that legal representation provides to Canadian buyers purchasing property south of the border.

Although we will not discuss the differences between straight sales, foreclosures and short sales, it is important that you are aware of their differences, as they have various implications for the buyer. For more information on these topics, please refer here. Read the rest of this entry »

David A. Altro featured in the Globe and Mail

There’s no place like a second home for wealthy investors

The Globe and Mail
November 18, 2011

As wealthy foreign buyers snap up more and more luxury homes in Canada, high-net-worth Canadians are similarly showing strong interest in purchasing multimillion-dollar residences abroad. But while their sights were once set on a French château, perhaps, or a Tuscan villa, the trend now is towards buying in the United States.

“We’ve really seen a fall-off in buying in Europe because of all the confusion over the past 12 months or so,” says Don Campbell, president of Abbotsford, B.C.-based Cutting Edge Research Inc. and the author of five best-selling books on real estate investing.

With so much volatility in Europe, especially in Spain, Portugal and Italy, “people don’t know in which direction the market is heading, or the direction of the potential tax implications,” he says. France has just added a new tax on foreign property owners, and the market in Dubai “is getting hammered,” he explains. Read the rest of this entry »

David A. Altro interviewed by BuzzBuzzHome.com

BuzzBuzHome.com, a website that is, “focused on cataloguing all new residential projects in Canada, connecting purchasers directly with sellers, and providing social tools that enable collaboration amongst purchasers and industry experts” recently interviewed David for their blog.

Tax law extraordinaire, David A. Altro, teaches us how to own US property the Canadian way

BuzzBuzHome Blog
November 14, 2011

Today we had the opportunity to speak with David A. Altro, the managing partner at the law firm Altro and Associates. With 30 years of experience and offices in several Canadian and American cities, David is the go-to guy for advice if you’re considering purchasing property or moving to the US.

Now we’re sure he wouldn’t mind if you showed up at his office or gave him a call on his cell with your question about purchasing property in the US, but why inconvenience yourself when you could just read the latest edition of his book “Owning U.S. Property the Canadian Way.Read the rest of this entry »

David A. Altro interviewed for Sun Media

David was interviewed by Sharon Singleton of QMI Agency for Sun Media. The article appeared in the Toronto Sun, Calgary Sun, on Canoe.ca and many other news outlets and law and tax websites.

U.S. property investment pitfalls easy to overcome

Sun Media
Sharon Singleton, QMI Agency
November 10, 2011

A growing number of Canadians are tempted by property bargains in the U.S., but are being put off by bad information about the possible tax pitfalls, according to David Altro, a lawyer and author of a book on the subject.

The baby boomer generation is looking for a warm place to retire and being lured by property at bargain-basement levels, making Canadians the biggest foreign investors in U.S. real estate.

“I wrote this book because there is a lot of mis-information out there for Canadians wanting to buy or move to the U.S.,” Altro said, whose Owning U.S. Property The Canadian Way is now into its second edition. Read the rest of this entry »

David A. Altro to be Keynote Speaker in Toronto Workshop

If you are interested in attending, please REGISTER TODAY as spaces are limited!
This workshop is for Canadians considering moving to the U.S. It will cover immigration strategies, U.S. estate and tax planning, banking and financing, healthcare coverage, potential tax savings as a U.S. resident and much more.

David A. Altro featured on Alberta Primetime TV and Shaw TV

David A. Altro has been touring across Canada to promote his new book Owning U.S. Property – The Canadian Way, 2nd Edition. He has made appearances on the radio, television, and in print as an expert in cross border tax and estate planning.

Click here to watch the full length interview of David on Alberta Primetime as he takes part in a lively discussion on key topics such as cross border real estate and tax planning.

David was also interview on Shaw TV, view the video below!