I was talking with someone from Deloitte, who does business throughout the west coast of Mexico, and he informed me that the markets are quite down in places like Puerto Peñasco and Los Cabos, compared to Vallarta’s. His reasoning? There is no established Canadian market, and there seems to be not much interest by Canadians, to own or live in these areas.I concur with that. I think (and not just because I happen to be one) that Canadians prefer places that are “more Mexican”, where the Mexican culture is more prevalent. That is certainly not the case in Cabo or Peñasco, where often times English is the primary language and the US dollar the primary currency. They are, in many respects, sort of extensions of the Southern California.
Thank you Canadians