What looks like a perfect storm in the financial markets is opening up some oportunity in Nova Scotia!

The Canadian dollar has dropped from at least par or better to 78.5 cents! Today - Oct 24/2008

That combined with Oceanfront prices already being lower and you have the pertfect situation.

Oceanfront in canada is condidered almost "resession proof" and is set to almost double in value over the next 10 yrs due to the huge demand  in the european and the Canadian Retirement sector.

You could - for example - pick up a property in Canada on the ocean in a popular spot for a lot less today than even last month. I know of 2 such bargains - even if you are buying with canadian currency!

With the exchange rate you would get a home for $500,000 canadian dollars for $392,859 at todays spot rate.

If you wait only 3 years - That home should appreciate to be $600,000 plus and if oil prices come back and you wait for the canadian dollar to come back up you should make yourself a tidy $200,000 min.

Thats seems like a no-brainer  to me - especially to an older couple looking for a second home to spend summers in.

Why not check out the possibilities?

902-499-2950

 

 
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2 Comments on Americans should look north now! Nova Scotia Oceanfront homes

OCT
24
2008

Very nice coastlne up there.  Great for southerners needing to cool off from summer heat.  Watch out for rising waters from the melting ice caps though.

11:16am • #1
546,267 Points 13 Featured Posts Outside Blog

Looks like an excellent area to consider!

your friend in Charlottesville VA!

12:12pm • #2

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Paul Viau , Guaranty GMAC ,Halifax, N.S.

Halifax, NS

More about me…

Guaranty GMAC Halifax

Office Phone: (902) 457-4000

Cell Phone: (902) 293-1113

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Oceanfront homes, Nova Scotia real estate, Nova Scotia oceanfront, St. Margaret's bay oceanfront homes,Mason's Point oceanfront homes, Halifax condominiums , Retirement condos elevator parking,Retirement condominiums downtown Halifax walk to everything,Investment condos.



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