Number of Canadians Buying Real Estate in Mexico On The Rise
Calafia, Baja, CA (PRWEB) July 28, 2008 -- Routinely drawing upward of 85% of its tourists from Canada and United States, Mexico is steadily becoming home to Canadian snowbirds who can't resist the lure of its great weather, strong currency, tax benefits and lifestyle rich in culture.
According to HiFX, one of the largest providers of foreign exchange services to individuals and businesses, last year more than 32% of new homeowners in Mexico were from Canada. This trend has recently been mirrored in sales center traffic for local real estate developments. In just this past week, Calafia Condos, Resort and Villas in northern Baja California saw six families through its sales office from Canada alone.
Lyndie Meissner, originally from Ft. Francis, Ontario, said it's the sense of freedom found only in Mexico that prompted her to buy a home there.
"You can drive up and down the warm coast to enjoy the water with no worries of traffic jams," said Meissner. "It's like going back in time to the Wild West. I lived in Dana Point, Calif., in the 1970s, before any homes were there and we camped on the beach. Now, Baja California is the only place left on the West Coast with that lifestyle."
Meissner has lived happily in the small town of Calafia, Baja California, for 23 years. She initially bought a second home in Baja but has since traded-up to the penthouse at Calafia Condos, Resort and Villas and has made Baja her permanent residence. In fact, Meissner sold her previous business and started a new venture in Baja California, where she now has 10 employees.
For Meissner, Mexico living has become a family affair as her daughter, son-in-law and granddaughter also live close by in Baja.
The north coast of Baja California is filled with shores of alluring waters, warm sunshine and kind-hearted neighbors, many of which are American or Canadian expatriates. In fact, the city of Rosarito, Baja California, just south of Calafia Condos, Resort and Villas, claims nearly 40% of its residents are expatriates.
According to real estate officials at Prudential California Realty, Baja California is the perfect location for a delightful vacation get-away or home-away-from-home for the price.
"A better bargain cannot be found elsewhere along the coast of North America," says Kathy Katz, partner in the Northern Baja Division of Prudential California Realty. "Many snowbirds are discovering the benefits of buying real estate in Mexico. We not only have an enviable year-round climate but we offer homes literally on the beach for less than $300,000! We are only 30 minutes from the U.S. border and our property taxes are as little as $200 a year."
The exotic beach town of Calafia is ideally located between Rosarito and Ensenada and is home to charming shops, restaurants, clubs, art galleries, beaches and more.
Calafia Condos, Resort and Villas recently celebrated the start of construction on its third high-rise condominium tower. The initial two towers are sold out. Sales for Tower III are under way and prices range from $298,000 for a two-bedroom oceanfront residence to $650,000 for a 15th-floor penthouse. Calafia Condos, Resort and Villas provides expert guidance in purchasing real estate in Mexico with skilled experts in the areas of title insurance, escrow services and real estate law. For more information contact a sales agent at 1-866-CALAFIA or visit www.calafiacondos.com.
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