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The transaction process for Canadian home buyers here is straightforward and not much different than that of a local home buyer. There is no risk to you until your offer is accepted and contingencies are met. You do need to submit an earnest deposit, which is usually 1-2% of the purchase price. if your contract is not accepted or canceled for a valid reason, your deposit is returned to you.
If you are buying in a community with a homeowners' association you will need to make sure it is adequately funded. When an HOA is underfunded (typically because too many units are in foreclosure and dues are not getting paid) it can mean higher payments for the building's upkeep.
For information about foreign ownership, investment and financial planning for Canadians in the US, check out The Canadian Snowbird in America: Professional Tax and Financial Insights Into Temporary Lifestyles in the U.S.
Buying should not be a problem at all. However, when you sell if you don't have a tax ID no/social security number you will be subject to a 10% FIRPTA with holding. That's 10% fo the sale price. So, obtain a tax ID/social security number and you'll be fine.
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For Sale: $47,500
For Sale: $399,000
For Sale: $495,000