According to the World Property Channel, Year 2016 in Florida Real Estate may very well become the “Year of the Canadians.”
With the Canadian dollar still stronger than the U.S. dollar, Canadians have been able to purchase real bargains in Florida real estate over the past few years. Over 50% of the Florida properties purchased by Canadians were priced below $200,000.
Bradenton-Sarasota-Venice on the Gulf Coast remains the most popular area for Canadians to buy real estate in Florida.
Here are more Florida – Canadian facts of interest:
- Canadian buyers represented over 30% of Florida’s international real estate purchases in 2014
- 3.6 million Canadians visited Florida in 2014 and spent approximately $4 billion here.
- Bilateral trade between Florida and Canada amounts to over $7 billion.
- 300 Canadian-owned companies provide high-wage employment to over 24,000 people throughout Florida.