Could an international money transfer to Canada pay off?

Britons considering buying a property in Canada may want to wait for several months before making an international money transfer to make the purchase.

The latest Market Trends report from international real estate agency Re/Max suggests that high-end homes in British Columbia could come down in price.

Luxury property sales in the state are seen as "key bellwether for its prediction that real estate markets are settling into a period of stability".

However, in an interview with the Vancouver Sun, Benjamin Tax, an economist from CIBC, said: "It's not unreasonable to assume prices in British Columbia to fall, say, ten per cent over the next six to 12 months."

Using an independent foreign exchange dealer to make an international money transfer to Canada could help Brits save money on foreign exchange fees often charged by banks.

Click here to make an International Money transfer to Canada

Posted by Chris Barber