Owning a winter or year-round place in the Bahamas is a popular trend for Canadians right now.
According to a Globe & Mail article Canadians now own an estimated 30% of the 90 $4-million to $20-million homes at Ocean Club Estates on Paradise Island.
This interest in the Bahamas is due mainly to the non commercial, serene lifestyle and taxes. Anyone who qualifies as a resident from Canada is exempt from income taxes on money earned and from taxes on interest income.
The demand for ultra-high-end homes has attracted experienced Canadian real-estate developers who have launched projects targeting wealthy Canadians. These include Serenity Point on Great Abaco and The Beach Club Villas on Paradise Island.
Read the Globe & Mail Article “Builders on the Beach“
Chris Keleher is pleased to announce a new project underway – connecting Canadian clients with Bahamas and providing education and consultation on the process of owning real estate in new developments and resale properties.
There is a great market of options in the Bahamas and the rental income can cover costs. Flights are under $400 round trip. Direct flight. 3.5 hours. An all round great place to own and visit!
Chris Keleher has teamed up with a local Bahamas Broker, Brent Cartwright of Aisle of Palms Realty in Marsh Harbour, Abaco, Bahamas. Now Chris Keleher Team clients can gain from Brent’s experience through living and owning a brokerage there.
Curious about a potential purchase? Just contact Chris to get more information!