As many of you read from my article yesterday, and probably already know from following current events in the news, the USD and the CDN are almost equal now. Today it closed at $1 USD = $1.0138 CDN. Almost no difference. And based on the current trend it won’t be long before the CDN overtakes the USD for the first time in many many years, even decades if you will (since the 1970’s).
Based on this, we’re making yet another price change to adjust to moving exchange rate. We’re now making the USD and CDN prices of LandlordMax Property Management Software the same. We’re one of the first companies to do this, if not the very first. Others will have to follow soon. The price premium from the prior exchange rates can’t continue.
“This wouldn’t be so bad if the cost of living in Canada wasn’t higher than in the US (add in the fact that I live in the most expensive city in Canada). It would also be nice if businesses that import their stuff from the US start to lower their prices, but they don’t. The price differences on cars are now huge! For example, a new Porsche 911 Turbo cost $123,000 US ($127,000 CAD at today’s exchange). Walk into MCL Motorcars and they want $177,000 CAD for it. I told MCL I could save $50K by buying the car from the US and importing it to Canada. They said Porsche would not honor the warranty. I said $50K pays for a lot of repairs!”
Well at least now there’s one product that’s in line with the exchange rates!