Loonie Dollar
Posted in Uncategorized on 07/21/2004 07:30 pm by admin
Loonie Dollar
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US $11.00
Strong Loonie Flying South
With the Canadian dollar (the Loonie) equaling the value of the US greenback, more and more Canadians are choosing to invest in real estate south of the border.
The recession in the United States has sent housing prices spiraling downward to the point where, in some instances, the purchase price of a nice condo near the beach in sunny Florida is comparable to the price for a parking spot in Toronto. A recent investor from Toronto paid $54,000 for a condo in upscale Naples, Fla. Compare that to the $55,000 price tag for an extra parking space at the soon to be completed Ritz Carlton residences in downtown T.O. and it's easy to see why the U.S market is so appealing to its northern neighbours.
The real estate market in the United States has been one of the hardest hit sectors since the economic downturn began and the value of properties have decreased to the tune of 70% in some regions. This translates into great news for Canadian investors who, according to the U.S based National Association of Realtors, were the number one foreign purchasers of property in 2009, weighing in at 11% of all international purchases.
There are many things to consider before making the leap into the U.S market, one of them being the difficulties associated with obtaining a mortgage from an American bank; this is why nearly 50% of Canadian homebuyers in the U.S pay with cash. Those wishing to take on a mortgage for their new property may be faced with a down payment requirement of 35-40%, along with a myriad of stipulations that make the process anything but easy. Having to set up a U.S bank account with enough funds to cover at least 6 months of mortgage payments, property taxes, and insurance is just one of the obstacles to buying a place in the sun. There are also problems when the time comes to sell or if the owner dies. One expert states "buying in the U.S is comparable to marriage and divorce. When you marry, that can be easy, but divorce is complex and takes time". It may seem easy to buy, with many mortgage companies catering to Canadians, but to sell is not as easy with all of the state and federal laws to satisfy.
If you are fortunate enough to be able to meet the stringent requirements there are many advantages to owning a property stateside. For instance, the swell in property foreclosures has led to an increasing number of renters entering the market, making it easy to find qualified tenants for your investment property. Additional advantages include the ability to get a fixed mortgage rate for up to 30 years, and no early payment penalties.
While there are pros and cons for purchasing real estate in the U.S, there is no denying the time is right for Canadians to make a move towards purchasing investment, retirement, or vacation property south of the border.
About the Author
Discover Springbank Hill Calgary homes at SmartCalgaryHomes.com, featuring a variety of quality Calgary real estate for sale.
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A Loonie for Luck $9.88 In February 2002, the greatest hockey teams this country could muster headed to Salt Lake City to compete in the Winter Olympics. Our men and women hoped to go all the way to the finals, but it had been fifty long years since the Canadians had won Olympic gold. In the past, they had come close - it was just that luck always seemed to be against them. This time, however, their chances to end the long drought were good. The women looked set for a medal - although the all-powerful American team stood between them and the ultimate prize. The Canadian men faced strong opponents, too, but prospects were good for the all-star team assembled by the great Wayne Gretzky. And this time, both teams had a secret weapon. So secret, in fact, they didn't even know it existed. At first. Like all good secrets this one was too good not to pass along. Under the surface at centre ice, Trent Evans had hidden a Canadian loonie. The expert ice maker had been invited down from Edmonton to help install the ice for the Games, and this was his little good-luck charm for our Olympic hockey teams. Perhaps, he figured, the guys could use some "home ice" advantage. "A Loonie for Luck" is the true story of that loonie and the magic it wove at Salt Lake City. It follows Wayne Gretzky, Trent Evans, and the men's and women's teams through their time at the Games. And it pays tribute to the role of superstition and chance in hockey - a part of the sport not always acknowledged, but one that brings real magic to the game. With the close co-operation of Wayne Gretzky and Trent Evans, Roy MacGregor tells the inside story of how the coin came to be in Trent Evans' pocket and then buried under centre ice. He tells how, throughout the Games, the loonie was in danger of being uncovered as the secret began to spread, and how, as the tournament progressed, with the players in need of every break they could get, the good luck miraculously held. This true story, brilliantly illustrated by Bill Slavin, is full of suspense, humour, and charm. It will delight every Canadian who felt a surge of pride for our athletes at Salt Lake City. "From the Hardcover edition." |
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Canadian 1 Dollar Coin $92.4 The Canadian 1 dollar coin is a goldcoloured, bronzeplated, onedollar coin introduced in 1987. It bears images of a common loon, a wellknown Canadian bird, on the reverse, and of Queen Elizabeth II on the obverse. The design for the coin was meant to be a voyageur theme, similar to the countrys previous one dollar/silver dollar coin, but the master dies were lost by the courier service while in transit to the Royal Canadian Mint in Winnipeg. In order to avoid possible counterfeiting, a different design was used. The coin has become the symbol of its currency. Newspapers often discuss the rate at which the loonie is trading against the United States greenback. The nickname loonie became so widely recognized that on March 15, 2006 the Royal Canadian Mint secured the rights to the name Loonie. The coinan 11sided curve of constant widthis made of Aureate, a bronzeelectroplated nickel combination. In order to maintain a constant width of 26.5 mm the sides of the coin are not exactly straight, but curved in the same manner as the 7sided British twenty pence and fifty pence coins. The total composition of the coin is 91.5 nickel and 8.5 bronze. Author: Miller, Frederic P./ Vandome, Agnes F./ McBrewster, John Binding Type: Paperback Number of Pages: 144 Publication Date: 2010/07/25 Language: English Dimensions: 5.98 x 9.01 x 0.33 inches |
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Voyageur Dollar $92.4 High Quality Content by WIKIPEDIA articles The Voyageur Dollar was a coin of Canada struck for circulation in silver from 1935 to 1966, and as a commemorative in 2003. A nickel version was struck from 1968 to 1987. In 1987, the coin was replaced by the loonie. The coin remains legal tender.In 1911, after lengthy debate, the first Canadian silver dollar was struck. Two remain, one in a museum, the other in private hands and recently auctioned for 1.4 million.In 1935, a commemorative silver dollar was struck for the King George Vs Silver Jubilee. It showed the King on the obverse and a canoe containing a voyageur, or unlicensed fur trader (and a native man), on the reverse. The canoe also contains two bundles of furson one, the initials HB, for Hudsons Bay Company may be seen. The reverse was designed by Emanuel Hahn. Author: Surhone, Lambert M./ Tennoe, Mariam T./ Henssonow, Susan F. Binding Type: Paperback Number of Pages: 144 Publication Date: 2010/11/30 Language: English Dimensions: 6.00 x 9.02 x 0.34 inches |
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Biography of the Dollar $11.99 Will the sun set on the greatest currency in the history of the world? For decades the dollar has been the undisputed champ. It’s not only the currency of America but much of the world as well, the fuel of global prosperity. As the superengine of the world’s only superpower, it’s accepted everywhere. When an Asian company trades with South America, those transactions are done in dollars, the currency of international business. But for how much longer? Economists fear America is digging a hole with an economy based on massive borrowing and huge deficits that cloud the dollar’s future. Will the buck be eclipsed by the euro or even China’s renminbi? Should Americans worry when the value of the mighty U.S. dollar sinks to par with the Canadian “loonie”? Craig Karmin’s in-depth “biography” of the dollar explores these issues. It also examines the green-back’s history, allure, and unique role as a catalyst for globalization, and how the American buck became so almighty that $ became perhaps the most powerful symbol on earth. Biography of the Dollar explores every aspect of its subject: the power of the Federal Reserve, the inner sanctums of foreign central banks that stockpile the currency, and the little-known circles of foreign exchange traders that determine a currency’s worth. It traces the dollar’s ascendancy, including one incredibly important duck-hunting trip and the world-changing Bretton Woods Conference. With its watermark, color-shifting inks, and a presidential portrait that glows under ultraviolet light, the dollar has obsessed foreign governments, some of which have tried to counterfeit it. Even Saddam Hussein, who insisted on being paid in euros for oil, had $750,000 in hundred-dollar bills when captured. Yet if a worldwide currency has enabled a global economy to flourish, it’s also allowed the United States to owe unbelievable, shocking amounts of money—paying hundreds of millions of dollars every single day just in interest on foreign debt; that’s raised concerns that the dollar standard may not be sustainable. Any threat to the dollar’s privileged status would do much more than hurt American pride. It would mean U.S. companies and citizens would not be able to borrow at the low rates they have become accustomed to. The dollar’s demise would impact the rest of the world, too, boosting the costs of trade and investment if no other currency was able to play the same crucial role. Ultimately the dollar system may weaken, but it should endure—a while longer, at least; it’s in few people’s interest to see it fail, and there is still no credible alternative. Biography of the Dollar is must reading for anyone who wants to understand what truly makes the world go ’round—and whether it will continue to spin the way we want it to. From the Hardcover edition. |
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