Canadians Encouraged to buy Florida Homes

Canadians Encouraged to buy Florida Homes

Buy Florida Homes…

IMG_5454A study by the Bank of Montreal says that the housing market in the US is heathy and prices are expected to rise. It added that Florida destinations for Canadians remain affordable with a median priced home approximately half the cost of a home in Canada.

Over a half million Canadians own homes in Florida. Southwest Florida is a popular wintering spot for our northern neighbors and many are finding a Florida home a very good investment. Prices are down about half of what they were at their peak in 2006 but are set to rise again, albeit not too fast. Canadian currency exchange rates are strong at this time but as the US dollar rebounds the investment appreciates.

Sal Guatieri, senior economist, BMO Capital Markets said, “We expect prices to rise over time alongside growing family incomes.” Guatieri also says BMO expects “capital gains appreciation for Canadians who purchase U.S. property.”

If buyers anywhere, especially our friends in Canada, are considering the purchase of a second home in Florida, there is no better time than now. If you would like to discuss Florida real estate, please email or call Your Suncoasteam today. We guarantee to answer your questions quickly and honestly and you will never be pressured by one of our agents. When you buy a home through Suncoasteam Realty, we want you to consider us your friends. We want you to be so happy that you tell all your friends to buy Florida Homes with our help.

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