Kona Kohala Blog

With the United States "on sale" right now, Canadians and other outside our borders are finding relatively good deals here in the U.S.  It wasn't that long ago that Canadians were buying property here with an exchange rate of about 75 cents Canadian to our dollar.  That's all changed now as the Loonie is on par with the green back.

A bad thing?  Probably not in this increasingly international world we live in.  It only makes sense that in a time when multinational companies are the norm, that multinational real property ownership would be right there with it.

As long as ownership remains a two way street there's nothing wrong with it.  When they can buy here but we can't buy there, I have a problem.  In this case though, Canada is usually thought of as the far northern states or Canadians see us as the southern provinces, we as a peopel aren't that much different.  I think sometimes we make things up to diasagree about just to maintain our differences.

In any case, we're seeing more and more Canadians coming to west Hawaii to look at property.  I recently sold land to a Canadian builder who's thinking of coming over to build homes.  I have clients in condos and some with homes that they hope to occupy more fully some day.  Even as we tighten our borders, pass port to go to Canada, yeah right, the imagined borders between most Americans and Canadians are dropping.  Funny how familiarity can breed comfort as much as contempt.

I say welcome to the Canadians.  Anything to keep our housing market stimulated and healthy is good for all of us.  aloha