I speak with many Canadians who commiserate with me that “…if only they exchanged their money when it was par…”. I can understand the feeling of regret for not acting sooner, but I always tell fellow Canadians to look at the big picture. Historically for the past 25 years the Canadian dollar has hovered around 65 cents. We are currently close to 85 cents! This is still an excellent exchange rate. The short lived time that our Canadian dollar was par to American dollar has come and gone. I highly doubt it will happen again during this decade. I personally think people are fooling themselves if they think it will happen again anytime soon.
Many prospective home buyers tell me that they will wait until the Canadian dollar comes back up. Well while they are waiting for the Canadian dollar to come back up, the price of Phoenix homes will probably also start going back up. We are seeing a big change in the Phoenix real estate market. Homes are moving much faster, sales are way up and foreclosures are drying up thanks to federal assistance programs. If you sit on the fence, the opportunity to buy a cheap home in Phoenix with a good exchange rate, may just pass you by.
Let us help you find you a great deal on a Phoenix or Scottsdale home. Start your search now at www.ThePhoenixExperts.com.
Marc Brodeur, Realtor
www.ThePhoenixExperts.com
1-800-300-0263
