Real estate investors from the USA who are looking for a resort investment property that leverages the power of the US dollar, historically, have looked north and south of the border. However, Canada’s foreign buyer ban has significantly impacted the real estate market, particularly for international investors looking to capitalize on the country’s reputation for strong property values.
The policy, aimed at cooling housing prices and improving affordability for Canadian residents, restricts non-residents from purchasing residential properties, particularly in urban areas and mid-sized cities, which are areas that general present the best return on investment.
For American buyers, this ban limits opportunities in a market that was once attractive due to its proximity, stable economy, and strong legal protections for property owners. With Canada off the table, investors are now seeking alternative locations that offer similar benefits without restrictive regulations. Mexico emerges as a top option for several reasons.
Firstly, Mexico’s real estate market is open and welcoming to foreign buyer, allowing investors to purchase condos, homes, and land with relative ease, supported by transparent legal frameworks and professional real estate services. Additionally, great air connectivity with 20 cities in the US offering direct flights to Puerto Vallarta, makes it convenient for American buyers to manage their properties and visit frequently – and enjoy the all the benefits of owning a vacation home in PV.
Secondly, Mexico offers attractive pricing compared to many U.S. markets, meaning investment dollars go further. And Puerto Vallarta’s strong demand from tourists and expats helps to ensure strong rental income opportunities and property appreciation.
And, of course, Puerto Vallarta’s vibrant culture, warm climate, culinary offer, security and expanding infrastructure make it a desirable location not only for investing, but for enjoying your rental property when you are not using it to generate short term rental income.
If you’re looking at expanding your real estate portfolio with an investment property in Puerto Vallarta, our expert team is here to help. Contact us today to start the conversation.
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