Approximately 3,000,000 snowbirds from Canada escape to warmer places such as Palm Springs and La Quinta each winter.
Now with Canada's national currency at favorable levels against the US dollar, Canada's oil and natural gas industries booming, many Canadian financial experts are are calling for even more Canadians to head south and invest their new found wealth in areas like Palm Desert and La Quinta, California.
That's why many Canadians are looking to buy even more than one property now while the picking is ripe.
To many in real estate, this attitude is not a passing fancy. Canadians say," everyone is heading south. It is financially attractive now. It makes so much sense, so it is enticing to more people now than ever.
Peoples Mortgage Corporation - Colorado Springs, CO
Having spent a couple of years in the Palm Springs area back in the late 80's, it's no surprise that our neighbors from the north are starting to take advantage of the investment opportunities the valley has to offer. It is a great place to spend the winter.
Dec 31, 2009 07:59 AM
San Diego, CA
I had no idea there were even three million people living in Canada! Gee. The first day of 2010, and I'm already learning things. LOL
Dec 31, 2009 08:11 PM
The Thomas Group Brokered by eXp Realty - San Tan Valley, AZ
Your Home Sold Guaranteed!
We have a lot of Canadians who have bought and are buying second homes in the SE Phoenix area as well. There are some great deals on new and newer homes that Canadians are finding not only are great winter homes. but also a great investment for their dollar. One of the most popular communities is a resort style maintained community called Anthem at Merrill Ranch by Del Webb with new homes starting as low as $110,000! Happy New Year!
Jan 01, 2010 07:54 AM
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