Lock in that Exchange Rate While You Can

avatarthumbnail.jpgA couple of days ago I mentioned that it might be time for you Canadians to get serious about your Phoenix real estate purchase while the American dollar is tumbling faster than Hamilton’s bid for the Coyotes.

If you’re not ready to pull the trigger on a real estate purchase, you still can take advantage of the near 90 cent exchange rate we’re seeing. Call my good friend Snow An at Globex and she’ll help you purchase an advance contract locking in this rate.

Globex is a currency trading company and as yet another one of my clients discovered yesterday, the exchange rate Globex offers is almost impossible to top. They’ve beaten the local banks and they’re now beating other trading firms, resulting in considerable savings for everyone I’ve sent their way.

Want more information? Drop me a line and I’ll be happy to help. Or get hold of Snow and let her know I told you to call (it may mean another box of chocolates for me around the holidays this year!)

[tags]Phoenix real estate[/tags]

Jonathan Dalton

Jonathan Dalton is a 40-plus-year resident of the Valley and has been helping folks buy and sell homes since 2004. He can be reached at 602-502-9693 or info at allphoenixrealestate.com.


  • Jerry 9 years ago

    Hi Johnathan,

    I am always the first one to admit that no one knows anything about the future, specially if we’re talking financial matters like share prices, interest rates or like.

    But folks up north (here) actually seem to be thinking that the exchange rate (for us Canucks) will continue to strenghten. Of course, no one knows, but I’ve heard a lot of folks predicting par again.


  • Joe Weihe 9 years ago

    Where I live there has been increased activity and buying. Every good deal that hits the market is snatched up right away where as two months ago homes were languishing for long periods of time.

    Once the buying increases into a flood, prices and interest rates will rise quickly. Bankers, builders and sellers have all taken a big hit economicly and will be anxious to make it up.

    Plus with all the cash out in the system inflation will be a big factor to consider.

    Still, it looks like the USD still has some room to fall against the loony

  • Jerry 9 years ago

    I agree, Joe.

    I think both may happen in the short term (12 months); some price appreciation as the availability shrinks, plus some weakening of the US dollar. So for a canuck one might offset the other.

    But longer term I am betting the appreciation will continue, and the dollar will go back to $1.25 Canadian, so I would counsel anyone from delaying a Phoenix area purchase solely based on speculating on the currency.


  • Jonathan Dalton 9 years ago

    I think par’s a stretch … it’s happened once in the past how many decades and it took a perfect storm to get there.

    What I do know is there were folks who were aching to see the CAD get back to 85 cents and now that it’s broken through, suddenly that’s not enough of a move.

    Human psychology is rather interesting.

  • Peter 9 years ago

    I found your blog on google and read a few of your other posts. I just added you to my Google News Reader. Keep up the good work. Look forward to reading more from you in the future.

Comments are closed.