Members: 113,050 - 1,292 Online Now
 
The local daily newspaper, the Bellingham Herald, had a story today that confirmed a trend I have noticed in my inspection business for the past eight months or so -- the rising Canadian dollar, which fluctuates from a bit below to a bit above the US dollar, has led to more Canadians spending money in the US at communities located near the border.

The figures, in the story, are retail sales; however, not a month goes by (no I am not challenging the universe here) where I don't have Canadians using the services of my inspection business. That means they are buying US homes, as I cannot legally work up there. If trying to generalize, I would guess that the majority of them, that I see, are buying at Point Roberts, followed by the Mt. Baker area (skiing) and that is followed by Birch Bay. Point Roberts and Birch Bay are right on the border and both communities are near the water, some with great beach property.

Back in the 1970's the retail market in Bellingham was dependant on Canadian shoppers. That faded away a few years ago and many businesses geared to that trade failed. But now that business is strong again, especially in communities like Sumas that had gone almost dark. The negative is that now I can no longer, on the cheap, pop into Canada for a weekend. I can still go, but it ain't that cheap!  To read the story in the newspaper, you can go here.

Steven L. Smith

Bellingham WA Home Inspections

 
This post has been included in Washington Information

2 Comments on Canada and US Border Communities

Like everything else the Canadian dollar value is cyclical as is the strength of the American dollar.  Like other things in the real estate market everything runs in cycles.  We are suffering right now with slower sales, but are we really?  It's just a normal market again, but people are having a hard time adjusting from boom years.  Canadians are once again buying in Florida and Arizona too, for the warmer climate in winter. Good luck!!

04/11/2008 09:54 AM by June Piper-Brandon, CRIS, ePro, Broker (Advance Realty Anne Arundel Inc.)


June,

I think you are right. I have lived here 55 years and seen the trade with Canadians change both ways. When I was a kid I loved Canadian money it was worth several cents more than ours.

04/11/2008 10:04 AM by Steven L. Smith, Bellingham, Wa. Home Inspector (King of the House Home Inspection)


Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Inspector: Steven L. Smith, Bellingham, Wa. Home Inspector (King of the House Home Inspection)
Steven L. Smith, Bellingham, Wa. Home Inspector
Bellingham, WA
More about me…
King of the House Home Inspection

Office Phone: (360) 676-6908
Cell Phone: (360) 319-0038
Email Me
Home inspection information designed to be educate the real estate buyer and the real estate professional. Blog posts include general information and information specific to the Pacific Northwest region.


Links

Archives

RSS 2.0 Feed for this blog
ATOM 1.0 Feed for this blog

Find WA real estate agents and Bellingham real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved