When Canadians want to escape their cold, snowy winter days, it’s no secret where they like to head for their winter destination. We all know they head south to Florida. But did you know that the largest percentage of Canadians buy their homes in the Cape Coral-Fort Myers region after Naples-Marco Island?
As U.S. housing recovers, Canadians are playing a big role in buying Fort Myers real estate. Market watchers say bargain-hunting Canadians are eyeing potential investment or getaway properties in Southwest Florida as home prices in the U.S. are showing fresh signs of recovery.
Legislation now being debated in the Senate would allow retirees from Canada to stay up to 8 months in the U.S.—two months longer than current law—if the Immigration Reform bill passes Congress. Nine percent of Canadians who own real estate in Florida have property in the Fort Myers region, the 4th highest number in the state.
CNN/Money ranked Cape Coral/Fort Myers region as the 3rd fastest growing MSA in the nation for the decade of 2000-2010 with a growth rate of 60.8%. Cape Coral/Fort Myers closely trailed Charlotte (64.6%) and Raleigh (63.4%) for top national growth rates.
A report provided by DataQuick and analyzed by Inman News details that 81.5 percent of the Canadian real estate purchases in the Fort Myers area were made by Ontarians in the nine month period ending January 2012.
The Montreal Gazette highlights the significant number of Canadians buying property right now in the State of Florida. In the 12-month period from mid-2010 to mid-2011, 10% of all homes sold in Florida were purchased by Canadians.
Canadians buyers have flocked to the Fort Myers area this winter in great numbers. Our team has worked with more Canadian buyers this season than any in recent memory.
An article in the The New Brunswick Business Journal titled Becoming a snowbird can make good sense offers tips to Canadians looking to buy a second home in the US. The article details why it is a good time to buy in the US right now and an organized approach to completing a purchase.
The Fort Myers market on Florida’s southwest coast is very popular with Canadian second home buyers. Our climate is tropical, so chances are you are going to experience warm weather throughout your winter visit. The beaches of Southwest Florida are beautiful and a magnet for young and old alike.
Canadian buyers are very active in the real estate market here in Southwest Florida. At this time, approximately 7% of our website traffic originates in Canada and over 10% of our transaction in the last year have been with Canadian buyers.
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