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The following article was published in our article directory on May 20, 2015.
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How far does your U.S. or Canadian Dollar go with Mexico Real Estate?

Article Category: Real Estate

Author Name: Rob Kinnon

No one needs to be convinced that the cost of life is high in Canada - real estate prices are at all time high of with an average for homes over $450,000, and prices for everything else just seems to be going up as well. While the high international value of the Canadian dollar brought some hopes of lower prices, experts say that this will take a long time to have any effects, and may not bring the results hoped; a smaller market and higher general importation costs will not allow importers to deliver products in the same vast quantities or low prices as to the U.S.

With the Canadian dollar high, the high prices are even more noticeable for those from other countries. During the period from 2002 and 2008, Canada has declined 15 % in tourism, compared to a 30 % growth internationally, which represents a drop to 14th place in the world. The drop has occurred mostly in U.S. visitors, who are the vast majority of visitors; in 2009 there were about 12,000,000 U.S. visitors to Canada out of a total of 16,000,000. Studies show that Canada is still well-loved, but people just don't feel they can afford it - sound familiar?

But there is good news in all of this for many Canadians. The strong Canadian dollar, now at par with the U.S, has made Akumal real estate and the cost of living even more accessible abroad; and among the choices Mexico shines out from the rest. buying real estate in places like Akumal, Mexico has become alot more feasable.

While across the board in Canada real estate prices rose by an average of 10 % for the first quarter of 2010, the places where people are buying the most - Toronto and Vancouver - have risen much more. The price of an average two storey home in Toronto, for example, rose more than 13 % from a year ago to over $550,000 CDN. In Vancouver two storey homes rose almost 20 % to just under $990,000. While these rates look exciting, experts in Canada are saying these jumps are not sustainable and the markets are, perhaps "overheated," and, compared to their reaction to the recession, "irrational." Expected interest raises and these sky-high prices are expected to slow the market during the year.

For home buyers, this means that you have the option of buying at really high prices, that are not likely to rise significantly, in places where the cost of living is likewise very high. Especially buyers considering investing in second home should consider the possibility of buying a home in Mexico. Let's consider the benefits of owning a home in Akumal.

Of all, for "average" home price in Toronto - over $550,000 - a real estate buyer could find a beautiful, luxury villa in many of Mexico's most famous beachfront cities, such as Playa del Carmen, Puerto Vallarta or La Paz, to name only a handful of examples. For Canadians considering a second home - especially for the sake of vacations - or those who have the opportunity to relocate for retirement or other purposes, there's no comparison between the two options.

No one needs to be convinced that the cost of life is high in Canada - real estate prices are at all time high of with an average for homes over $450,000, and prices for everything else just seems to be going up. While the high international value of the Canadian dollar brought some hopes of lower prices, experts say that this will take a long time to have any effects, and may not bring the results hoped; a smaller market and higher general importation costs will not allow importers to deliver products in the same vast quantities or low prices as to the U.S.

With the Canadian dollar high, the high prices are even more noticeable for those from other countries. For home buyers, this means that you have the option of buying at really high prices, that are not likely to rise significantly, in places where the cost of living is likewise very high.

Keywords: Akumal real estate, akumal mexico real estate, akumal property for sale, real estate listings Akumal Mexico, Akumal Mexico homes for sale, Akumal condos for sale, property for sale Akumal Mexico

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