by kramoltz@hotmail.com | Nov 13, 2015 | Canada and Canadians, Global Buyers + Foreign Investment
The number of Phoenix metro area homes bought by Canadian buyers has dropped by at least half compared to last year. As an example of how that trend has progressed, according to Mike Orr of ASU’s Center for Real Estate less than 1% of homes were sold to...
by kramoltz@hotmail.com | Feb 28, 2015 | Canada and Canadians, Global Buyers + Foreign Investment
Once again the value of the Canadian dollar has skyrocketed. On February 28 it rose to almost 1.03 dollars U.S. This means Canadians will get more for their money when buying real estate in the U.S. The Canadian Press reported that the closing value of 102.94 Canadian...
by kramoltz@hotmail.com | Feb 28, 2015 | Canada and Canadians
Last year I wrote about the increasing strength of the Canadian dollar relative to U.S. currency, and the result of a favorable currency exchange rate to Canadian investment here. I also discussed the positive impact the exchange rate makes to my fellow Canadians when...
by kramoltz@hotmail.com | Feb 28, 2015 | Canada and Canadians
My last two blogs, Will Foreign Buyers Save Us? Part 1 and Part 2, covered the favorable influence foreigner have had on our Phoenix/Scottsdale area and national real estate market. I discussed the positive impact the exchange rate makes to my fellow Canadians when...
by kramoltz@hotmail.com | Feb 28, 2015 | Canada and Canadians, Global Buyers + Foreign Investment
In Part 1, I detailed that Canada recorded its first ever surplus in bilateral direct investment with the U.S. last year. Direct Canadian investment in the United States was $17.1 billion greater last year than U.S. direct investment in Canada in 2008. This amount...