“For us Canadians, it’s a double whammy,” Cedrone said, pointing to a loonie that trades for roughly 69 American cents, on top of rising maintenance costs.
“In Canadian dollars, last week I paid $18 for 18 eggs,” Cedrone said.
“We love this place. But it came to a point now — we are in our 70s — and it’s cheaper for me to come here two months and rent.”
Canadians made up nearly one-quarter of foreign sellers in Florida between April 2023 and March 2024 versus 11 per cent in the same period a year earlier, according to a National Realtors Association report.
The loonie did not “tank”. it’s around 69 cents on the dollar, just like it has been for about 2 months.
https://wise.com/gb/currency-converter/cad-to-usd-rate/history
More horseshit reporting from CTV looking for rageclicks. They’d sell their children, I swear.
Wait, but they’re going to make more loonies on the sale because of the same currency differential.
Let me introduce you to the world where Boomers ALWAYS win!
Yet they still complain…
Yes, but it costs more (in Canadian dollars) to go there and actually use that second home.
Well it’s not like you can insure the houses anymore in Florida and with enough time there’s going to be a hurricane that wipes the region out again. Better to let some hillbilly be the bag holder
Dumb question — how do you magically live in another country for three months with no green card or no dual citizenship?
Foreign ownership is just a thing. You don’t need a residence to own anything. Same here in Canada.
From there, you get 6 months visitors visas every year.
That’s exactly how long you can stay in the country under the visa waver program.
If you have to stay longer you can get a B1/B2 visa.
I expect the chaos that Trump is creating, and his threats against Canada also play a significant part in their decision.
Meathead Ron and his dumbass policies can’t be helping either.
Meathead Ron and his dumbass policies
Yeah, I’m sure that’s also a contributing factor.
But Agent Orange and his speed run of Project2025’s agenda was the straw that broke the camel’s back.
All part of Trump’s plan to get more real estate for his cronies.
Yeah, Namor the Sub-Mariner.
