Florida Real Estate
Monday, March 22nd, 2010Canadians flock to buy U.S. real estate ORLANDO, Fla. – March 19, 2010 – Canadians were the largest group of foreign homebuyers in the United States in 2009, according to the National Association of Realtors – and Florida Home Finders says they accounted for 30 percent of purchases by foreigners in the Sunshine State. Canadians find U.S. properties less expensive, and they’re rushing to take advantage of a favorable exchange rate and warmer climate. “You have this rare perfect storm in the United States where you have low interest rates, still falling prices and a Canadian dollar that keeps going up,” says Arnold Porter of Phoenix-based realty brokerage Arizona for Canadians. Toronto resident Stacey Lynn recently purchased two condominiums in Florida: a one-bedroom in Naples for $54,900, or the cost of a parking space at an upscale condo in downtown Toronto, and another in Sarasota for $86,000 that would have been worth over $200,000 at the height of the housing boom. Experts predicted that a flood of Canadians would enter the U.S. real estate market during their March break. Source: Hamilton Spectator (03/16/10) Wong, Tony © Copyright 2010 INFORMATION, INC. Bethesda, MD (301) 215-4688 The combination of our low prices and the Canadian dollar near par makes it as good a time to purchase as when I moved here from Ontario in 1992. Please let me know if I can help you or any of your clients with their search for a Florida home. You can search our MLS by visiting my website at www.johndanzey.com Looking forward to working with you and your clients.


