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Buying a property abroad or in Canada is often the realisation of a personal dream and probably represents one of the greatest expenses of your life. As part of the purchase process, you will inevitably need to transfer a sum into another currency in order to pay for your property. This vital element of the purchase process - one that is often overlooked - can make a huge difference to the price that you will have to pay for your property. Your currency can be delivered any time within two years at an exchange rate fixed at the time of purchase. This is called 'forward buying' and it will help you secure an exchange rate at an advantageous level even if you do not have all your available funds to transfer at the time of purchase. Forward buying removes the risk of adverse currency movements that could lead to the value of your overseas property increasing between the time of signing and the contract and the actual payment. IPD - can offer through its partner the following benefits.
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