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
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.