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Top Facts About Canadians Buying US Real Estate Property In Florida

Top Facts About Canadians Buying US Real Estate Property In Florida

Top Facts about Canadians buying Florida real estate:

  1. More than 500,000 Canadians own property in Florida.
  2. Canadians are the largest foreign buyers of Florida real estate.
  3. The place Canadians buy the most real estate is in Sarasota-Bradenton-Venice (17%). This is followed by Orlando real estate (13%), Miami real estate (13%), Cape Coral real estate (9%), Tampa real estate (9%), Naples real estate (9%), and Other (30%).
  4. About 36% of Florida real estate is bought by Canadians.
  5. Great weather, beautiful beaches, historically low Florida real estate prices, and strong Canadian dollar.
  6. A general survey of Canadians indicated that about 16% of the Canadian population was interested in Florida real estate property. Out the people that are interested in Florida real estate 56% were interested in a vacation home or secondary home. 44% were interested due to affordability. About 33% were interested in purchasing Florida real estate as a long term investment opportunity.
  7. Florida real estate remains at about 50% off their peak levels (as at 2013)
  8. If real estate prices grow at 5% per year, similar to recent year growth rates, it will take until 2015 to 2020 for Florida real estate prices to get back to the peak year levels (assumed starting in 2013).