With the drop in the Canadian dollar, now is a great time for non-residents who are considering purchasing Real Estate in Whistler to buy a Forward Exchange Contract. Get your currency exchange rate guaranteed today, and close on an exchange to Canadian currency on or closer to the date that the monies are required in Canada.

The following information is from Jason McLean of Garibaldi Mortgages:

Here is a currency web site that you can sign up with that provides the very best rates and you can set up to exchange and transfer monies for you monthly if you wish. As clients will be able to go online and execute currency trades 24 hours a day, 7 days a week. you will also be able to speak to a currency representative for additional assistance if required. They also sell forward exchange contracts. This allows you to firm up today’s rates on a foreign currency and close on the exchange at a future date, when you need the monies to say close on a purchase.

We have had some of our clients deal with Currency Online, who have set up this new web site, for a couple of years now and they have provided our customers with very good rates and service. They have set up their new web site to provide the best and fasted service available. They also have a number of tools that I think will be useful to you. You will be able to sign up for currency analysis on a few select currencies to be emailed to you directly.
The following link will take you to their Currency Online website, where you can set up an account:

http://www.currencyonline.com/ef/629/default.aspx

As part of the added value that Currency Online provides, you can access the following link to access graphs showing historical exchange rates:

http://www.currencyonline.com/ef/629/Entry/Graphs/default.aspx

You may also sign up to receive analysis on a particular currency to assist with the optimum timing of a currency trade. Please use the following link:

http://www.currencyonline.com/ef/629/MarketInformation/Commentaries/default.aspx

I hope you found this information useful. Feel free to get in touch with me anytime to discuss potential real estate opportunities in Whistler.