CANADIANS stop complaining

[chico98]

CANADIANS stop complaining


Last year you could buy a $400,000 condo with all the amenities and breathtaking views for 10% off list price or for $360,000. Today, you'll have no problem finding that same condo offered at $300,000. Okay, that seems like a pretty nice savings of nearly 17% but remember, these Mexican condos are all priced in US dollars; Canadians must now evaluate these costs in terms of Canadian dollars! A year ago when the Canadian dollar was worth $.77 US, $360,000 US dollars was equivalent to $468,000 Canadian dollars. Today, with the same condo selling for $300,000 and the Canadian dollar worth $.96 US, it will cost only $315,000 Canadian dollars. That's a savings of $153,000 Canadian or 32.7% (as opposed to the apparent 17%) in just one year!



Finally, let's evaluate the cost of living in Mexico. For starters, let's assume that a year ago we were considering a lifestyle in Vallarta based on a budget of $10,000 pesos per month. With the annual inflation rate in Mexico of 5%, the same goods and services in Mexico will be $10,500 pesos this year. A little more than a year ago, when the Canadian dollar would purchase 9.5 pesos, $10,000 pesos was equivalent to $1,052 Canadian. Today, with the favorable exchange rate of 12.7 pesos per Canadian dollar, the $10,500 peso budget will cost a mere $827 Canadian, i.e., a savings of $225/mo or a 22% reduction in the cost of living in just one year!



-http://www.pr-inside.com/attention-cana ... 521459.htm

[Plus4]

What Canadians are complaining ?..

We are being very Thankful this weekend...

[tigerfan]

Happy Thanksgiving, Canadian friends!

[Plus4]

tigerfan

Thanks eh

[kcowan]

Last Sept 30, 2008

C$ in USD 0.9398 cf .77
C$ in MP 10.28 cf 9.5

The article might have been accurate at a moment in time but it sure was not one year ago!


PS The low in recent times was .785 at the end of Feb 2009 when the peso was 11.96 to the C$.

[smitty]

No money issues here Chico - just a Happy Thanksgiving to everyone !

PS Cdn $ is at a 1 yr high against US $

[chrisnick]

This Canadian can't wait to get her butt down to PV to send some of that Canadian coin. Don't care what the exchange is. Just know Don Julio must be waiting for me to spend some!

[ChicagoTraveler]

They make it a national past-time, like hockey or clubbing baby seals.

[chrisnick]

What the heck are you talking about??? Puerto Vallarta is full of Canadians...don't hear to many complaining...

[howard_jax]

We have met 100s of Canadians in the 27 years going to PV and without reservation, I will say that 99% are just great. I am proud to say that many have become year round friends, just not during our annual visit. The percentage of our own Americans met, would not surpass that percentage.

Canadians Rock!!!!

[chrisnick]

I have been to PV several times as well in the last few years. Don't know if I have ever ran into a rude Canadian. PV seems to have more Canadian tourists then American so percentage wise I've made more Canadian friends but the last couple of years I have added several Americans and locals to my friend group! I enjoy becoming friends with the locals and its so nice to go back and feel like you are attending a homecoming!

Can't wait for this next winter!

[charlieb]

Canadians can't be rude or complain. They are too polite. Chuck...

[chrisnick]

Oh trust me Chuck...they are out there! I have to say I have met more rude Americans then Canadians. I have travelled to a few places and I guess what always causes me to wonder is why Americans think the locals in the countries they travel to should all speak English.

I think Canadians and Americans are equal however in disrespecting locals. Americans just tend to be louder when they do it....

P.S. I live very close to the US border and have countless American friends.

[kcowan]

Very few people are buying condos now. The volume is less than 10% of what it was in 2007. If you want a deal, rent one of those highrise condos.