Many 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 as vacation properties here, offsetting a … [Read more...]
A Currency Exchange Strategy to Maximize Canadian Buyers’ Purchasing Power
Around this time of year, many potential Canadian and other Foreign National buyers once again begin thinking about buying a winter retreat here in beautiful, sunny Palm Springs. With property prices in the Palm Springs area still hovering around prices we saw back in 2003, the year is shaping up to be another banner year for value minded … [Read more...]
How Long Canadian Citizens Can Stay in Palm Springs
Our Canadian neighbors to the north, our snowbirds, make-up such a large part of the buying population in Palm Springs, we often hear the question - How long can I stay in Palm Springs, and can I stay through the frigid Canadian winter months? The conventional wisdom is that Canadians can stay about six months; that is generally accepted to be … [Read more...]
Canadian Dollar Founders But Watch for a Comeback
This is a follow-up to my April 30th Blog entitled, Canadian Loonie Reaches Parity with Our Greenback, What a Great Time to Buy Real Estate in Palm Springs. At that time, I discussed the fact that the Canadian dollar was reaching parity with the U.S. dollar, and how, it was a very good moment to buy south of the border - the Canadian border, that … [Read more...]
RE/MAX is Canada’s Most Trusted Name in Real Estate
RE/MAX is Canada's most trusted brand in real estate, according to a new survey in the May 2010 edition of Reader's Digest Canada. More than 1,500 consumers indicated their favorites in 28 brand categories, with the real estate category appearing for the first time this year. The survey revealed that RE/MAX Associates are five times more trusted … [Read more...]
Canadian Loonie Reaches Parity with Our Greenback, What a Great Time to Buy Real Estate in Palm Springs
We have been speculating over this last year that the Canadian Dollar or Loonie would, at some point in the not too distant future, be at parity with the US Dollar. The stability of the conservative Canadian banking system, mostly untouched by toxic securities, was like a beacon in the night, and particularly this year, when contrasted with the … [Read more...]
