The Loonie Hits the Lowest since 2003! With Canadian oil trades below $20 a barrel, Canadians are questioning how low can the loonie go? As a REALTOR in Arizona, I am swamped with sellers who want to know the value of their home in Arizona. Many are trying to decide "is it worth it to hold on to real estate in the U.S"? While many Canadians bought during the low of the U.S. real estate market, they enjoy coming to Arizona.
Recently, one Canadian seller told me he brought $1,000 Canadian dollars into the U.S. and exchanged it for $695 U.S. dollars in his pocket. With value differences like this, it makes one wonder if now is the time to look at selling in the U.S. with the Loonie the lowest since 2003.
If you are a seller and want a "quick" market update, visit my website at www.Joyce-Thomas.com. If you are serious about selling and have questions about how the foreign investment tax affects you, email or call me today to talk further.
While we loved seeing so many Canadians stimulate our economy during our depressed economy, I always say, "We can't rely on our Northern Friends forever unfortunately".
As the #1 home seller in Pinal County, my team and I are here to help you any way we can. Call or text me directly at 937-623-9468 to get a detailed market evaluation or email me at joyce@joycethomasteam.com.
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