U.S. Realtor Appreciation Week
Cross border banking leader celebrates realtors across the U.S.
RALEIGH, N.C. (April 13, 2015) – RBC Bank, the leading provider of banking solutions for Canadians visiting or staying longer-term in the United States, is proud to announce the inaugural U.S. Realtor Appreciation Week, April 13 – 17, in celebration of its close collaboration with U.S. realtors. RBC Bank, a wholly-owned subsidiary of the Royal Bank of Canada, truly appreciates the efforts of realtors in the U.S. and Canada to make the dream of home ownership a reality for so many individuals and families.
Canadians are the top foreign real estate investors in the U.S., spending nearly $14 billion between April 2013 and May 2014. With this in mind, many U.S. realtors are taking steps to better understand the unique needs of Canadian buyers and take advantage of this business opportunity. In honor of U.S. Realtor Appreciation Week, a few of these realtors shared their top tips for Canadians house-hunting in popular snowbird markets:
Finding a Contractor: Finding the right contractors in the U.S. to do any remodeling can be a challenge. To make sure the job is done properly and adheres to all current building codes, ask your realtor for local referrals who understand the unique obstacles faced by Canadians property owners looking to renovate. – Caren Nealon, The Caren Nealon Group with Keller Williams Realty, Ft. Lauderdale, Florida
Finding an Accountant: Seek out advice from a cross-border tax accountant. Many Canadians wintering in the U.S. need to fully understand all tax ramifications including when buying, selling or renting their homes as well as the best way to hold title. – Diane Olson, Diane Olson Team with Glass House International Real Estate, Phoenix, Arizona
Purchasing Travel Insurance: Make sure to purchase a travel insurance policy before you head south, regardless of the length of your stay. Even minor health issues could cost you thousands of dollars! – Lana Butsky, Neapolitan Realty LLC, Naples, Florida
RBC Royal Bank started RBC Realtor Appreciation Week in Canada to acknowledge the ongoing dedication of real estate professionals to provide expert advice and guidance to their clients. RBC Bank is proud to continue this tradition by recognizing realtors who are helping Canadians find and purchase properties in the U.S.
“We appreciate the support and expertise of U.S. realtors, who are working diligently to support Canadians throughout the home buying process,” said Alain Forget, director of U.S. business development, RBC Bank. “With the kickoff of U.S. Realtor Appreciation Week, we look forward to strengthening our relationships with realtors to improve and streamline our service to Canadian clients.”
RBC Bank offers tailored mortgage solutions and makes it easier for Canadian clients to access, manage and transfer funds when they make the trip down south. Additionally, RBC Bank is the only U.S. bank that can use a client’s RBC Royal Bank history to help secure a mortgage anywhere in the U.S.
About RBC Bank
RBC Bank (Georgia), N.A., a wholly-owned subsidiary of the Royal Bank of Canada, provides U.S. banking solutions to RBC consumer clients with a cross-border lifestyle, including snowbirds, expats, student, businesses and more. RBC Bank pioneered cross border banking and has been serving clients who visit, shop, study or relocate in the U.S. for more than ten years. Today, the Bank provides everyday banking, business banking and real estate lending solutions to Canadian clients in all 50 states. For more information, visit www.rbcbank.com.
About RBC Royal Bank
Royal Bank of Canada is Canada’s largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We employ approximately 78,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 39 other countries. For more information, please visit rbc.com.
RBC supports a broad range of community initiatives through donations, sponsorships and employee volunteer activities. In 2014, we contributed more than $111 million to causes worldwide, including donations and community investments of more than $76 million and $35 million in sponsorships.