Welcome Canadians!!  Per the Globe and Mail news, the Candian national news source,  a recent study says Canadians have become the biggest foreign buyers of U.S. real estate.  http://www.theglobeandmail.com/report-on-business/canadians-snap-up-us-properties/article1638310/

The report states that  says Canadians have become the biggest foreign buyers of U.S. real estate.  Per the National Association of Realtors, 23% of all foreign national purchases in the US last year from Mar 09 to Mar 2010, were Canadians. 

“Although international purchasers from a wide variety of countries are present throughout the United States for a variety of reasons, proximity to the home country and the convenience of air transportation are believed to be important considerations in selecting the buying location,” the study reported.

And really, can we blame them??? Here’s a email I received from one of my Canadian clients in Calgary today, July 13, 2010:

“Our current temperature is 9°C or 48°F – yours is 39°C or 102°F.  It’s also pouring rain with brutal winds but, that’s an improvement from the golf ball sized hail  and tornado warnings yesterday!  Luckily no damage to my car but, lots to many others – knocked out windshields, etc. from the monster hail.”

Seriously?  I think I’ll take our 105 degree weather any day!!!  (Makes me think twice about complaining about our weather).

Canadians continue to purchase in Palm Springs.  A large majority of my buyers this past year, were from all over Canada, as more and more Canadians recognize the good buying opportunities in the US, let alone our good weather here.

For more information on Canadians buying here, please see: http://www.paulkaplanrealtor.com/ForeignBuyers.php

The Palm Springs real estate market, along with the rest of the Coachella Valley real estate market, seems to be edging towards recovery, although it will be gradual and difficult. According to a May 14, 2010 article in the Record Gazette, “In the year since Beaumont initiated an economic stimulus plan to spur development, there appears to be evidence that its incentives are working. While the majority of Riverside County saw the number of permits for construction of new single family homes drop 10.6 percent last year, Beaumont boasted an increase of 16.7 percent over its 2008 volume, according to statistics presented at the May 4 city council meeting.” The article by David James Heiss continued to note that “In 2009, there were 350 permits for single family residential units – the highest number of any city in the country, followed by Meifee, which issued 325, and Temecula, with 323.”donovantalk.com, Palm Springs real estate market | DonovanTalk.com, May 2010

You should read the whole article.

Palm Springs : Better, Bolder, Beautiful from Palm Springs Tourism on Vimeo.

Cool video on improvements going on in Palm Springs!

As more and more Canadians are looking to invest in the unitied states, now they can find an excellent resource to guide them along their journey.  “South of 49 is a must read for anyone wanting to buy real estate in the US. This groundbreaking book is jammed full of practical information that will ensure you avoid all the potential pitfalls.” – Les Hewitt, Best-Selling Author

Palm Springs continues to be a hot spot for Canadian buyers.  Prices are at record lows; the Canadian dollar is stronger then ever.  I have helped numerous buyers find properties in the desert, from all over Canada.

Click Here for more information.

If you’d like more information of properties in the Palm Springs area, please feel free to contact me.  I have extensive experience and resources available to assist the Canadian Buyer wanting to purchase in the Palm Springs market, from condos, to golf course homes to single family residences.  www.PaulKaplanRealtor.com