Canadians In Honolulu
July 29th, 2008 categories: Honolulu Real Estate 101, Rants & Riffs
It’s great to be in Hawaii. Our tropical paradise has always been attractive to people from other parts of the world. Our warm breezes, blue skies and soothing water have made us the place of dreams. It seems interest in our real estate ebbs and flows with the economic fortunes of the rest of the world.
As economies become strong we see the newly rich find interest in our isles. Then as one economy cools, another will heat up bringing new interest from that area of the world. Over my lifetime Hawaii has seen significant investment interest from Californians, Canadians, Japanese, Middle Eastern oil money, Koreans to a lesser extent and many more. Who knows owners of Euros may be on their way? I believe the interest is the result of our location in the Pacific, terrific climate and our status as a State of the United States of America. In other words, we are somewhat exotic but you can drink the water without an attack of revenge and you don’t have to exchange you money. Furthermore, in today’s world of terrorism we offer a level of safety that may not be found outside of the United States.
A recent article in the Honolulu Star Bulletin shows that we have been seen more people visiting from Canada.
“Last month, while other tourism markets to Hawaii floundered, the showing from Canada increased by 13.7 percent, according to statistics from the state Department of Business, Economic Development and Tourism. Through May, 184,320 visitors from Canada have come to Hawaii, DBEDT said.”
CLICK HERE TO READ THE STAR BULLETIN ARTICLE.
Given this increasing interest, is it possible that the Canadians could fuel a new rise in our market?
Today’s picture of Diamond Head was taken from the Hawaii Super Ferry on my way to Maui.
