Carl Stars - Burlington Ontario Real Estate Condominium MLS Listings » Florida Real Estate

Real Estate market. Things are changing in Cuba.

Carl — Thu, 17 Nov 2011 23:04:37 +0000

MIAMI, FL) — Raul Castro, Fidel's brother, has just made a significant move to open up Cuba's real estate market.

Since 1959, Cubans have had to go through months, if not years, of wading through local government bureaucracies, mountains of paperwork and even corruption in the forms of pay-offs to get approval to buy or sell a piece of property in Cuba.

Cubans who moved abroad also had their homes confiscated by the Cuban government as well.

But all that is about to change.

Cuba's new home ownership rules state that the purchase, sale, donation or trading of homes in Cuba would be recognized and allowed without government approval in cases of divorce, death or permanent departure from Cuba.

These home ownership changes were approved by Cuba's National Assembly back in April, and are about to go into effect November 10, 2011.

It is believed by many that Cubans living abroad in the US, mainly in Miami, who have remitted as much as $1 billion a year back into Cuba to help relatives, will start investing in Cuba's housing market via their relatives, which will stimulate Cuba's property markets over the next few years.

Reaction to Cuba's property policy move was swift in Miami.

David Pearson

Veteran Caribbean and Latin American real estate consultant David Pearson tells the World Property Channel, "Of course the unanswered 'million-dollar' question that is most critical to those of us in South Florida is what happens to all the private property that Castro expropriated in 1959? That includes not only thousands of residences, but also sugar mills, textile factories, ranches and farms all over Cuba. International law calls for just compensation to the owner when a government expropriates his property. If the Cuban government is serious in its apparent intent to put real estate back into the free market, it will embark on a plan to identify and compensate those whose land it confiscated."

Pearson further states, "Another unanswered question is, will the Cuban property owners be able to sell their land to foreigners, i.e., non-Cubans? Until now, foreign developers like the Spanish resort hotels in Varadero Beach have always had to have the government as a partner."

Florida Real Estate

Carl — Mon, 22 Mar 2010 13:28:09 +0000

Canadians 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.

Florida Real Estate

Carl — Tue, 26 Jan 2010 19:58:28 +0000

On a recent trip to Naples Florida, I was amazed at how affordable owning a Florida Home could be. Naples and surrounding area is a beautiful community comprised of many gated communties which now are priced at all time lows.

Due to the overwhelming demand of inquiries I have partnered with a Florida Estate Company to sell Florida Properties in the Naples Area.

For more information please contact me :

Carl 905 730 5919