Canadians With US Rental Property - What Are The Cross-Border Tax Implications?

The 2008 global financial crisis had caused housing prices across the United States to plummet by nearly a third, on average, since the market peak in 2006. Since then, the mortgage interest rate in both the US and Canada has been at their historical low. The US housing market hasbeen gradually growing stronger. The ratio of house prices to yearly rent has nearly been restored to its pre-bubble average. These factors, combined with a stronger...