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Loonie Hits Lowest Since 2003

By
Real Estate Agent with The Thomas Group Brokered by eXp Realty

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.

Loonie Hits Lowest Since 2003

 

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.

Posted by

Joyce Thomas, Associate Broker

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 About the Author...

This article is provided by Joyce Thomas, a Nationally recognized Realtor in the top 1% of the Phoenix Market for sales and service.  Joyce Thomas in Arizona has helped thousands of people buy and sell their home.  Servicing all of Pinal and Maricopa Counties in Arizona. Visit My Arizona Home Guide to find your dream home or to sell your home.

 

Comments (1)

Ellen Caruso
Daniel Gale Sotheby's International Realty - Glen Head, NY

Interesting, I never knew about the Loonie, or that so many Canadians came to Arizona. We have parts in Long Island, where we have an influx of Asian buyers and they come with lots of $ as well. I wish you continued success whether they come or go!

Feb 02, 2016 09:11 AM