American To Canadian Currency

Posted onJanuary 13, 2012 - 4:46 pm by Admin | 0 Comments

In the last 10 years, Panama has become a hous hold word for baby boomers, retirees and for an escaping generation that is looking to leave the rat race now rather than later. Why has this Central American country that was not too long ago only known for its Tailor, its corrupt dictator and its bananas now the hottest destination for Canucks?

To answer the question, let’s first list the features and benefits of Panama, the country that lies just north of the Columbian border and is home to the largest Pacific to Atlantic passageway in the world.

For one, the weather is always warm and the sun shines 300 days of the year. While Panama has a rainy season and a dry season, the rain does not stop anyone from enjoying the outdoor living that makes the country so attractive. To a Canadian who spends 60% of the year battling the weather and the traffic, the climate is truly the number one attraction, but there is more. Panama deals in USD currency. For Canadians who did not see a devastating real estate market drop and on the whole did not lose half as much as their US neighbours, this means great deals on real estate and a much lower cost of living. An average couple can live very comfortably without a mortgage for $1600/month in the beach area of Panama. This includes not only all utilities, food, car and insurance, but it also includes dining out twice a week, golf and entertainment.


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