Re: Rent it or sell if for cheap?
Julius,
It shouldn't matter if the Mexican currency devalues as your mortgage is in Canadian dollars, so Canadian currency will rise compared to the Mexican currency. The value of your property should increase by the amount of the devaluation of the Mexican currency, and rents should follow suit, all things being equal. (of course that doesn't account for civil unrest, nationalizations, price controls, etc. that can accompany a currency devaluation)
That should make you look better on paper with your Canadian bank. Of course the caveat, 'best laid plans of mice and men...'
Peace
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