Canadians Are Buying California (and they want the Stanley Cup Back)

Canadian investors are looking at California real estate, as a good long-term investment, because of the devaluation of the US dollar.  Simply put, the falling California real estate market, combined with a weakened and leveraged US economy, is giving Canadian investors a double whammy of a chance to own prime, California properties, cheap.  This series will attempt to educate Canadians, looking to buy California properties. 

How does the exchange rate work?

In January of 2007, a Canadian investor, buying a $300,000 (US)  property in Long Beach, CA, , would have to pay $352,600 (Canadian).  That was based on an exchange rate of $1.17553 Canadian to $1.00000 (US).  Today, the exchange rate has dropped to $.98188 Canadian for one US dollar.  That means that the same property in Long Beach, would costs $294,300.