Buying in Palm Springs for Canadians
« Previous EntriesCanadians Buying a Home in Palm Springs Receive Good News Again
Monday, October 31st, 2011The 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 [...]
Palm Springs Home Prices May Rise
Thursday, October 27th, 2011A recent article in our local Desert Sun newspaper entitled Fewer Coachella Valley Homes for Sale reported that Palm Springs home prices may rise in the not too distant future. To support this, the article stated that the Palm Springs area inventory went down by more than a 1000 homes in the last four months. [...]
It’s Thanksgiving Day in Canada, Columbus Day in the United States
Monday, October 10th, 2011On the second Monday in October each year since 1957, our Canadian neighbors have officially celebrated their blessings and the bountiful harvest of the season. This public holiday is called Thanksgiving Day, or Jour de l’Action de grace in Quebec. For most of Canada, Thanksgiving is a statutory holiday, with the exceptions being the Atlantic provinces [...]
Record Low Mortgage Rates Available for Palm Springs Home Buyers to US and Canadian Citizens
Thursday, October 6th, 2011Freddie Mac announced today that for the first time in history the mortgage rate on a 30 year fixed mortgage loan has fallen below 4%. The 30 year mortgage rate was 3.94% today. This benchmark 30 year rate is now available to US Citizens. See NYT Summary Box. Low rates on shorter term US mortgages are [...]
Palm Springs Status Report to Canadians Buying US Real Estate
Saturday, June 11th, 2011Today I’m writing an update to my Status Report on October 17, 2010, when I blogged that the Canadian dollar had climbed until it was above parity to the US dollar. I emphasized the reasons then why it made good sense for Canadians to go ahead and invest in Palm Springs real estate. I’m still [...]
The Lure of Palm Springs for Canadians
Saturday, June 4th, 2011The buzz around our ReMax office this past week was all about an article which appeared in the Vancouver Sun on May 28, 2011 (and in the Edmonton Journal on the 28th as well). The article, appearing in a special section entitled “South of the Border”, captured everyone’s attention because in part, it featured our own [...]
Buying a Home in Palm Springs for Canadians
Sunday, October 17th, 2010The Canadian Dollar made its comeback on Friday and closed at C$1.0111 per US Dollar. Don’t you hate when someone tells you I told you so? Well, I did!. In my blog of May 31, 2010, Canadian Dollar Founders But Watch for a Comeback, I suggested that the Loonie was going to reach parity again [...]
Canadians fly Allegiant Air to Palm Springs
Friday, October 8th, 2010If you are a Canadian living in Vancouver or elsewhere in B.C. and you love to come to Palm Springs, you may have already discovered that one airline, Allegiant Air, provides very inexpensive direct flights for you. If not, here’s what you need to know. Driving south on Canadian Hwy 99, pick up the US [...]
Canadian Dollar Climbs to Six Week High
Sunday, September 19th, 2010A convergence of market signals are all pointing to this year’s becoming one of the best years ever for Canadians to buy property in Palm Springs. First and foremost, local real estate prices are presently at their lowest levels in years. Prices for single-family homes as well as condominiums in many Palm Springs area communities [...]
US Home Rental Income for Canadian Owners in Palm Springs
Tuesday, September 14th, 2010Many of our Canadian clients ask us if they can rent their second homes in Palm Springs, as they’re wanting to use rental income to offset the fixed expenses of owning a winter vacation home here. The simple answer to that is, YES, they can! A large number of Canadians rent their Palm Springs homes [...]
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