by kramoltz@hotmail.com | Feb 28, 2015 | Canada and Canadians, Global Buyers + Foreign Investment
The numbers are in, and non-U.S. citizens continue to pour money into real property purchases. According to the National Association of Realtors®, international purchases of residential property are up by $16 billion over the equivalent period in 2009-2010. This is...
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
In the midst of more news about the continuing struggles of the U.S. home market, the news from Ottawa last week is that Canadian home prices rose 1.3 per cent in May, their largest monthly gain since last September. On an annual basis, prices rose 13.6 per cent and...
by kramoltz@hotmail.com | Feb 28, 2015 | Canada and Canadians, Global Buyers + Foreign Investment
Once again the latest numbers show that Canadians bought more U.S. properties than the citizens of any other country in the U.S. last year – almost one-quarter of the real estate purchased by citizens of other countries in the United States. A few blogs ago I...
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...
