Foreign buyers are taking over…but it’s Canadians in Florida

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The National Association of Realtors in Florida has confirmed that Canadians are still the number one buyers of property in the state. The new report shows that US$2.2 billion was spent by Canadians in the Sunshine State last year, accounting for 31.6 per cent of all international transactions. Even though there has been a shift towards buying recreational homes in domestic markets these figures show that we still like a bit of southern sunshine; Canadians are the top foreign buyers in Florida for the seventh year in a row.  Tampa-St. Petersburg-Clearwater is the favourite place to buy followed by Naples and Fort Lauderdale. Prices are typically below US$200,000. Read the full story.
  • Jennifer Rossides on 2014-09-17 11:20:29 AM

    Funny - coming from the person who started it all with the CT "Powerline" and hooked it up as overdraft on peoples accounts and linked it to a Mastercard. Overspending started with it and the never, never plan. TD with their penalties, high loan and unsecured line of credits. Seriously we need to give these people in glass towers making $200k per year a reality check on what is really happening with the Canadian consumer. Let's bring them down to the national average and see how they make ends meet with these ridiculous restrictions they are putting on mortgages. Never mind how they are cutting the arms off of the self-employed and what that will do the the economy long run.

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