Information for Canadian buyers
The Bank of Montreal, one of Canada’s largest banks, has published a circular stating that “U.S. housing affordability remains healthy, and prices are expected to increase in Florida.” The bank is bullish on Florida real estate despite the strengthening US dollar and more strict border crossing rules. “Overall, U.S. house prices have soared 2o percent…
Who tops the list of top foreign real estate buyers in Florida ? It’s not even close. Canadians purchase nearly 1/3 of all international transactions. The UK, Brazil, China and Germany follow, but none of them account for more than 7% of the total. So why are Canadians so well represented at 31.6% ? Three…
Canadian snowbirds have returned to their homes in Canada for the summer. While they are home in Canada, it is important for them to stay up to date with Sarasota real estate news. The Homeowner Flood Insurance Affordability Act The Homeowner Flood Insurance Affordability Act has been signed into law, which is incredible news for…
Canadians are by far the largest international purchasers of Sarasota real estate. Additionally, the vast majority of Canadians pay cash for their Sarasota property. The reasons are threefold. Firstly, the lending criteria is very strict for Canadians. Whereas American citizen’s commonly obtain loans for 80% to 90% of the properties value, Canadians and other international buyers…
