Canadians buying a Palm Springs home receive good news – 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. Palms Springs for Canadians is truly a 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.
For more information and help with all your real estate needs, call Dick Sakowicz today.