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Edmonton Oilers Fans sing O Canada
Mexico Real Estate the Destination of Choice for Canadians
Some recent indicators and statistics have revealed that Canadians may stand to gain more by purchasing Mexico Real Estate now, more than ever before. In fact, benefits to a Canadian national with a property in Mexico exceed those of a U.S. citizen.
So what has changed in recent months that have resulted in this trend? A study has revealed that some of the major home markets like Toronto and Vancouver have overheated and this combined with the rising strength of Canadian dollar vis-à-vis American dollar makes buying Mexican Real Estate much better financial investment.
In the Q1 of 2010, Canada property prices increased by an average of 10%. Popular markets such as Toronto rose much more. While this momentum in prices may excite some investors, experts keeping a tab on this industry have a word of caution for investors. They say that this is a classic case of irrational exuberance. And this rally is not sustainable and prices will fall later this year.
For Canadian home buyers, this means entering a market when it's at a peak and more likely to taper off sooner than later. Such high prices coupled with a high cost of living in Canadian cities make living in sun drenched, economically affordable cities of Mexico much sound proposition. Mexican cities like Rocky Point, Playa de Carmen and Puerto Vallarta boasts of world class facilities like well maintained and connected roads, excellent & affordable Medical care, well stocked shopping malls, electricity and internet connectivity, championship golf courses and vibrant cultural scene. Everybody is aware that Mexico has some of the best landscapes & beaches in the world and the weather is also warm and sunny. The properties in Mexico are also affordable and a luxury villa in Mexico can be bought for almost the same price as a home in Toronto. This makes the case for relocating to Mexico much stronger. Retirees who want their hard earned dollars to last longer without sacrificing on the quality of lifestyle, healthcare facilities and financial security stand most to gain by buying a retirement home in Mexico.
For Canadian investors also Mexico real estate presents an economic opportunity of a lifetime. Almost all the best locations in Mexico have luxurious beachfront/oceanfront condominiums with world class amenities and facilities, facilitating an incomparable beach lifestyle. These condominiums can also act as a vacation rental property which gives a steady stream of income when not used by the owner.
By considering all these scenarios, it can be safely concluded that Canadian nationals thinking of buying a property in near future will be best advised to check out Mexico real Estate also.
Author: Donna Nocero
About the Author
Let Realty Executives Mexico assist you in finding your dream Mexico Real Estate anywhere you want to be south of the border or in setting up your own Realty Executives Mexico Real Estate Franchise in Mexico.