For the past four years, Canadians have been the number one foreign purchaser in the state of Florida. Why? Start a conversation with any Canadian and the first thing they want to talk about is the weather. Canada is an amazingly beautiful country where mountains, lakes, and nature abound but the one thing it lacks is the warmth of the Florida sun. Since they only normally see about four months of warm climate a year, Canadians flock to Florida for the beach and the opportunity to play golf year round on the variety of courses (especially ones where they can walk the course). Many Canadians flocked to Florida a few years ago when the Canadian dollar was at par with the US dollar. Despite the currency difference today, Florida is still the place they wish to reside. In fact, many Canadians who have US dollars are buying more property now in Florida to increase their assets. Those who don’t have US dollars are getting financing in the US (with banks such as RBC) for unlike Canada, most US banks don’t have pre-payment penalties for paying a mortgage off early.
An easy drive down I-75 or hopping on Air Canada with direct service part of the year, makes the Sarasota/Bradenton areas the number one destination in the state. The town’s laidback lifestyle provides enjoyment from those just wishing to escape the cold, traffic, and feel of living in a big city. Our Canadian friends particularly enjoy outdoor dining in places like Marina Jack or Mattison’s in downtown Sarasota or shopping on St. Armands Circle. White sand beaches like Siesta Key are plenty and visitors love getting a golden bronze tan and watching sunsets while enjoying a glass of wine.
If you’re interested in investing in the Florida real estate market, give Your Global Agents a call. We can help you with everything from understanding the process of buying in the US along with currency exchange, financing, and immigration. If you’re a Canadian and looking to sell, use Your Global Agents who can assist you in marketing your property worldwide with a personal touch and expertise.