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THE CANADIANS ARE COMING...EH?
Posted by Naples International Group on Friday, March 19th, 2010 at 1:19pm.
I have been touting the fact that the Canadians have been flocking to Southwest Florida and the Naples area during the past five or six months in droves and are responsible for a good amount of the sales that have been taking place here. Recent articles have confirmed that fact.
There are several reasons for that fact. First once again, (it was the case last July), the Canadian dollar is almost on par with the U.S. dollar. Second, and equally important, the greater Naples price points across the board are extremely attractive. For years the Canadians have been coming to our area and renting, so they are very familiar with what we have here in terms of value.
Not only are they helping to boost sales and deplete existing inventory, but they are certainly helping in boosting the local economy.
V.K. [Mel] Melhado PA
Downing-Frye Realty, Inc.
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We get a lot of Canadians buying in Scottsdale as well. It is amazing that the Canadian dollar is almost par at the exact time that our market is hitting bottom. What an opportunity for them to buy in the US.
Posted on Monday, March 22nd, 2010 at 2:09 PM.