When they’re right, they’re right.
Sure, a shopping trip to Buffalo might net you a deal or two now that the loonie has soared to parity with the U.S. dollar, but after a prolonged slump in the U.S. real estate market, the hottest stateside bargains for Canadians might be retirement and vacation properties in Florida and Arizona.
If you want to compare Florida and Arizona real estate, Canadians should be sure to price out the cost of the unfair Florida property taxes which discriminate against newcomers, and Florida’s extremely high homeowners insurance costs.
Economist Noah Blackstein, writing last week for thestreet.com, says Canadians might be wise to move quickly, now that the Canadian dollar is at par.
“While U.S. real estate prices may have more downside, I would seize the opportunity of parity and buy now, and enjoy for the rest of your life,” Blackstein says.
Arizona homes are 12% cheaper for Canadians than they were in January! That’s absolutely amazing!
Canadians might want to take advantage of this great exchange rate while it lasts and buy that Arizona home they’ve been dreaming of for years, right now before the exchange rate changes.
The article talks a lot about real estate prices in Florida and also mentions Arizona real estate prices. If you are interested in reading about metro Phoenix real estate prices, there is no better place to be than right here at this geeky little website, Arizona Real Estate Notebook.
If you are looking for a home in the Scottsdale area, please give me a call. I was born and raised in Phoenix and would love to show it off to you. I would be honored to represent you in your real estate purchase.
If you are looking for a home in another area of metro Phoenix, I can refer you to a very good real estate agent in your area of interest. Please let me refer you to someone I know and trust.