Setting up a U.S. entity for Canadians investing in U.S. real estate is a strategic move that can provide liability protection, tax benefits, and a structured approach to managing your investments. However, the process involves navigating cross-border tax implications, understanding legal requirements, and choosing the right type of entity for your specific investment goals.
Canadian Snowbirds need to convert their Canadian dollars (CAD) to U.S. dollars (USD) to cover expenses such as rent, utilities, and daily living costs in the United States. The process of currency exchange can be costly if not managed carefully. Understanding how currency exchange works can help Canadian snowbirds maximize their savings.
Palm Springs California, is a premier destination for Canadian snowbirds seeking a warm, sunny escape during the harsh Canadian winters. With its stunning desert landscapes, vibrant communities, and rich cultural offerings, Palm Springs has become a second home to thousands of Canadians.
Meet Miles Zimbaluk, a pioneer in the real estate world whose journey began in financial planning, evolved through mortgage brokerage and new construction development, and culminated in a thriving career traversing two countries. Miles made the leap from Canada to the United States a decade ago, geared up with twenty years of industry experience.
With many existing home owners comfortably staying put these days, more attention is placed on first-time home buyers, affordability, and supply of homes. The first thing that comes to mind is the choice between renting and buying. According to RealData the median cost of a 3 bedroom apartment at a 50+ unit complex in Q2 2023 was $2,100 per month in Maricopa County.
Well the balanced market didn’t last long, 7 weeks to be exact. Last month the Federal Reserve gave the housing industry a much needed gift. Not only did they not raise the Federal Funds Rate, they also announced their intention to drop it three times in 2024. Conventional mortgage rates responded by dropping from 7.1% to 6.62% within 2 days.
Greater Phoenix has moved out of a seller’s market and into a balanced market, but it’s unclear how long this opportunity will last for buyers. December is typically the calm before the storm each year for the housing market, and this year is no different. New listings are at their lowest this month as many sellers opt to wait until January to list their home.
Buyers who felt they lost out on the buyer’s market last year will be getting another chance this year. The Greater Phoenix housing market, on the whole, only has a few days left before it enters a balanced market. However, as 18 cities are still in seller’s markets, there are 11 that are either already in balance or in buyer’s markets.
In the ever-evolving landscape of aviation, Canadian low-cost carrier Lynx Air has emerged as a beacon of expansion and innovation. Since its transformation from Enerjet to Lynx Air in April 2022, the airline has been on a relentless journey, steadily increasing its presence in North America while bolstering its fleet size...
The 4th quarter is here, and this is the best time of year to be a buyer in Greater Phoenix! Inventory continues to rise, up 22% in 10 weeks to be exact, and price reductions typically peak in October and November. Most sellers listing in October are motivated to close on their homes before the end of the year, but few are more motivated than builders.
Canada to USA InsightsMiles Zimbaluk2024-09-16T12:40:48-07:00