How I Helped a Client Save $18,000 on a U.S. Property Purchase from Canada
Here’s the problem — banks often add a hidden margin to the exchange rate, on top of transfer fees. In this case, the margin was around 2.5%. That’s over $30,000 CAD in hidden costs for this single transaction.
Instead, we explored using a specialized foreign exchange service that offered:
- Live rate booking to lock in the exchange rate before market swings
- Bank-beating rates that were 1–2% better than the bank’s quote
- Secure, regulated transfers compliant with FINTRAC and bank-level encryption
This isn’t just about real estate. If you’re paying tuition abroad, sending funds to family, or managing cross-border business transactions, the difference in rates can be huge.
If you want to see exactly how much you could save, I’ve put together a free rate comparison tool that works in real time — you can check it in 30 seconds here: MTFX Rate Comparison and MTFX currency converter
Out of curiosity — how many of you factor currency exchange into your deal analysis?