HiFX surveyed more than 100 Mexico real estate agents as well as agents in Nicaragua and Costa Rica, and found that nearly 30 percent of all real estate clients in these regions are Canadian. Broken out by country, more than 32 percent of the clients purchasing in Mexico are Canadian, 27 percent of clients purchasing in Nicaragua are Canadian, and 26 percent of purchasers in Costa Rica are Canadian. Jaime Niembro, owner of Ajijic Real Estate based in Western Mexico stated, "I've experienced the trend of Canadians purchasing real estate in Mexico and Central America first hand, and based on continued favorable market conditions, I expect this trend to continue, and perhaps even pick up steam in the future." Ward Naughton, president of HiFX stated, "Various factors are coming together to make Central America an increasingly popular destination for savvy Canadians with a global mindset." Naughton continued, "The strength of the Canadian dollar is making purchases in Central America increasingly attractive, and meanwhile you are in some of the most naturally beautiful regions of the world."
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source: rivieramayarealestatenews.com
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