PDF Strong Canadian Currency Stimulates Real Estate Interest
One of the great drivers in the global world of real estate is currency. Fluctuations in currency create the ebb and flow that stimulates and suppresses demand.
Our London office reports that with the Euro and US Dollar behaving strongly against the UK pound, Canadian property is more under the spotlight in the UK than ever. The Canadian Dollar has not suffered as much as many other Western currencies through the global credit crunch.
Rates as of Feb 11, 2009 quoted by HiFX – Forgien Exchange Specialists
1 Pound Stirling = $1.47 US
1 Pound Stirling = $1.80 Canadian!
1 Pound Stirling = $1.14 EURO
This is great news for Canada who’s real estate market performance has not been so affected as many other countries.
Tradewinds Realty is ensuring that this message gets out in the UK and other important European countries. Our higher levels of activity certainly seen to be responding to this.
reported by Nick Churton in our London Office
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