Are Canadians destroying Cabarete?

[Miami to santiago]

I've been hearing from a close realtor friend, as well as several Dominican locals, about the increasing number of Canadians who have sold everything and left their country. Many are saying that life in Canada has become increasingly difficult due to rising inflation under Prime Minister Trudeau's leadership.

According to long-time residents and expats in the area, the number of Canadians migrating to the north coast of the Dominican Republic has reached new highs in recent years.

Could this influx be contributing to the rising housing prices in Cabarete? Are Canadian buyers, accustomed to higher property values in their home country, bringing inflated price expectations into a previously stable market?

 

[drstock]

Firstly, Trudeau is not the Prime Minister is Canada any more.

There are a lot of Canadians here in Cabarete, and maybe they are the largest population of foreigners, but there are expats of all nationalities here. I would say that if any nationality is more likely than any other to encourage price rises it is probably Americans, who in my experience are willing to pay more than others and certainly tip more than any other nationality in many cases.

Canadians are certainly not "destroying" Cabarete and I would say that the enormous amount of construction going on is more likely to lower property prices than increase them.

 

[keepcoming]

OP, just how are Canadians destroying Cabarete? Because they are buying property?

 

[Miami to santiago]

Firstly, Trudeau is not the Prime Minister is Canada any more.

There are a lot of Canadians here in Cabarete, and maybe they are the largest population of foreigners, but there are expats of all nationalities here. I would say that if any nationality is more likely than any other to encourage price rises it is probably Americans, who in my experience are willing to pay more than others and certainly tip more than any other nationality in many cases.

Canadians are certainly not "destroying" Cabarete and I would say that the enormous amount of construction going on is more likely to lower property prices than increase them.

Firstly, Trudeau is not the Prime Minister is Canada any more.

There are a lot of Canadians here in Cabarete, and maybe they are the largest population of foreigners, but there are expats of all nationalities here. I would say that if any nationality is more likely than any other to encourage price rises it is probably Americans, who in my experience are willing to pay more than others and certainly tip more than any other nationality in many cases.

Canadians are certainly not "destroying" Cabarete and I would say that the enormous amount of construction going on is more likely to lower property prices than increase them.

Thank you for your input. Are you from Canada or another nationality?

 

[CristoRey]

I've been hearing from a close realtor friend, as well as several Dominican locals, about the increasing number of Canadians who have sold everything and left their country. Many are saying that life in Canada has become increasingly difficult due to rising inflation under Prime Minister Trudeau's leadership.

According to long-time residents and expats in the area, the number of Canadians migrating to the north coast of the Dominican Republic has reached new highs in recent years.

Could this influx be contributing to the rising housing prices in Cabarete? Are Canadian buyers, accustomed to higher property values in their home country, bringing inflated price expectations into a previously stable market?

I recently watched a few videos regarding the new development taking place in and around Cabarete.
These two Canadians I found interesting. Worth a look. Enjoy.

 

[windeguy]

It's not my fault, I tell everyone to go to Punta Cana.

 

[Miami to santiago]

I recently watched a few videos regarding the new development taking place in and around Cabarete.
These two Canadians I found interesting. Worth a look. Enjoy.

I also agree with you, these two Canadians are a little much as well.

 

[El Hijo de Manolo]

My favorite Canadian (well, other than Bob)

 

[ando1991]

Destroying Cabarete because the real estate prices are going up or because crime has risen?

 

[chico bill]

The Canadians aren't destroying DR, well yeah maybe the French Canadians, but they have pretty much focused on Las Terrenas, and you can see the result.
But Canadians are cool, cheap but cool