PANAMA: Paradise Found


Looking for an exotic destination with exceptional eco-tourism? A sun filled location that is ranked top 3 in the world for travel enthusiasts and retirées? A country that is safe, politically stable, and offers exceptional investment opportunities? Look no further – welcome to Panama…!
Forbes Magazine ranked Panama as the #1 retirement country in the world – and it is no wonder. Offering a perfect mix of hot sun and glorious fun, Panama has attracted a wide global audience for relocation and retirement with its open immigration policies, US currency denomination, and political stability.
Prime residential and hotel developments are popping up all across Panama. Amongst the leading developments is El Palmar Residences & Hotel – a gated, beachfront condominium funded by Scotiabank Central America. Located on Panama’s Pacific shores, El Palmar blends tropical elegance with first-class service and modern amenities. All suites offer unobstructed ocean views, terraces, parking, and a private gated road from the Panamerica Highway.
Located just 15 minutes from the brand new Tocumen International Airport, El Palmar is a destination hotel and residences complex. Comprised of 88 hotel suites and 190 condominium units, the complex offers an abundance of amenities including multiple lap and infinity pools; gym facilities; spa services; an on site property management company, and much, much more. Tower 1 is nearing completion, with Tower 2 occupancy ready for 2015.
David Oey, a top producing realtor from Harvey Kalles Real Estate in Toronto who is ranked in the top 1% of sales performance in the city, recently visited the country and was extremely impressed by the skyline, climate, and shopping. “When travelling in the Caribbeans or South America,” Oey stated, “you would normally find a level of compromise – nice beaches and sun but for example, terrible infrastructure. What I found in Panama was the perfect mix of everything that my family and my clients are looking for in a destination country: safety, stability for investment, rain forests, beaches, and an international friendly climate. My family loves it here, and I love the country for its nightlife. It even has a subway system – never experienced that anywhere in my travels in Central America.”
With a population of almost one million people, Panama City is one of Latin America’s most cosmopolitan cities. Reminiscent of Miami with a skyline to match, it offers a rare balance of New World development and a rich heritage. Large, modern malls provide a diversity of luxurious shops where merchandise can be had tax-free. At night, guests can indulge in excellent eateries, clubs and casinos, or explore the culture with its costumes, music and dance.
Visitors to Panama embrace its tropical climate with year round daytime temperatures sitting at a constant 27 °C (81 °F). Warm ocean temperatures and sugar-sand beaches enhance water sport activities, and the deep-sea

fishing is among the best in the world. Panama also benefits from the absence of earthquakes and aggressive storms that affect other areas like Florida or Thailand.
The country is a renowned ecotourism travel destination. The Punta Bruja Nature Reserve, the Gamboa Rainforest, and El Valle, combine with Panama’s many historical ruins, the wonders of the Panama Canal, the colonial and shopping districts, and the stunning waterfront development of Cinta Costera to create an exciting exploration opportunity with something to please everyone.
Panama tourism and immigration continues to grow exponentially every year. The US Dollar is the official currency in Panama, which makes travelling and residency for Canadians comfortable and familiar. All the major hotel brands are present in Panama, including the Trump, Four Seasons, Waldorf Astoria, Hard Rock Hotel, Le Meridien and the Hilton. And, for those ready to enjoy the peace and tranquility of retirement, Panama offers ‘World Class’ health care at discount pricing. In fact, all tourists receive free health care coverage during their stay – a uniquely warm gesture not seen anywhere else. An online search will highlight the abundance of hospitals, attentive care and services available.
Finally, political stability in Panama is protected by USA interest in the Panama Canal, with over 70 percent of ships traveling through the canal destined for North American cities. Global financial security is also key. With over 100 international banks operating their Central/South American headquarters in the region, Panama is positioned as one of the world’s most important banking centers.
With direct flights available from Toronto, Panama is your ideal Central American oasis.

FEATURE DEVELOPMENT: El Palmar Condominium Residences and Hotel.
• 1 Bedroom, 2 Bedroom and 3 Bedroom suites • From $122,000
USD • Penthouses: $1.4 M (2 Remaining) • Tower #1 Ready
in June 2014, Tower #2 in mid 2016 • 5 Star Amenities: Spa,
Fitness Centre, 4 Pools,Restaurant, Bar & Beach Club • Rental &
Property Management On Site: Full Services For Investors • Ranked