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Canadians Buying a Home in Palm Springs Receive Good News Again
By Dick Sakowicz | October 31, 2011
The good news for Canadians buying a home in Palm Springs is that the Canadian dollar is back to, or is greater than, parity with the US Dollar. Last Thursday, October 27th, the Loonie rose above parity with our Greenback to its highest level in more than a month. Trading closed with the Canadian dollar buying $1.0092US. This most recent rise in value of the Canadian dollar is primarily a reaction to the news of European leaders striking a deal to solve the European debt crisis.
As “high season” begins here in Palm Springs, the stars are all coming into alignment for Canadians who are looking into buying a home in Palm Springs for a winter retreat or vacation property. It’s truly a Canadian buyer’s market – with low prices, good inventory levels, and now once again parity or better for the Loonie against the US dollar. Timing is everything, so take advantage and buy your place in the sun this season in beautiful Palm Springs. You’re going to love it! For details on the recent Canadian currency movement, see Canadian Dollar Gains.
Dick Sakowicz is a REALTOR with REMAX Real Estate Consultants who lives in Palm Springs and sells property throughout the greater Palm Springs area.
Topics: Buying in Palm Springs for Canadians, Palm Springs Real Estate News | No Comments »
