With the Loonie at parity with the US Dollar and across the board price reductions, many Canadians are now considering an investment in Southwest Florida real estate. The Canadian Press reports that the currency equality is very enticing but shouldn’t be the key driver in your decision to buy real estate in Florida. Some of the drivers that should be considered include lifestyle goals and investment expectations.
An investment by a Canadian in Florida real estate is certainly a decision that should not be rushed into. It can be most helpful to visit or rent in a community prior to making the decision to buy. Our team is hearing from many Canadians who have previously taken this approach and are now considering a purchase primarily due to the significant price reductions on much of the real estate inventory in Southwest Florida. Popular areas for Canadian buyers include Fort Myers, Fort Myers Beach and Estero.