With the Canadian "Loonie" often trading at PAR with the US Dollar it is easy to see why investors north of the border have been attracted to US property – they are benefiting of a "currency discount" of as much as 35%, the best for decades.
When the snow falls on the northern states and the Canadian provinces, who doesn’t think of a home in sunnier climes? Well, Canadians are now realising that with the present buyers market and the strong exchange rate they can afford to have their own slice of the Golden State.
Trophy properties in Malibu, Beverly Hills and San Francisco are obvious choices. The areas offer limitless attractions and those in the LA Metro area bask all year round in that gorgeous southern Californian sunshine.
Who could resist the appeal of the beach in Malibu? Or a ranch style home in Topanga Canyon? These places offer great opportunities for buyers looking for a great winter retreat in the sun.
Baby Boomers in particular are looking to benefit the most from this situation as they are likely looking towards their retirement years.
The next time a foot of snow falls outside your door in Winnipeg or Calgary, consider yourself on the beach in southern California soaking up the sun and enjoying the great outdoor lifestyle any time of year.
If you are looking for a property in the Malibu or Westside area in general please contact Judy Kunisaki for expert real estate advice. Judy specializes in the luxury real estate market in Malibu and Beverly Hills Post Office.
You can contact Judy on 310-317-8396 or by emailing her on Judy.Kunisaki@camoves.com.
Related Links
Business Edge: California calling to Canadian investors
Market is ripe, whether you're looking to retire or just to make a great investment
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[...] we age, buyers, especially the baby boomer generation, are looking to transform their homes into a place that they can stay in for as long as possible or [...]