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Canadians set record with U.S. real estate shopping spree

New report says Canadians spent $19 billion US on homes south of the border in the past year
By Steven D’Souza, CBC News Posted: Jul 22, 2017 5:00 AM ET Last Updated: Jul 22, 2017 2:34 PM ET

New Brunswick’s Joel Levesque had no idea he was helping set a record when he bought a home in […]

By |July 23rd, 2017|Florida Homes For Canadians|Comments Off on Canadians set record with U.S. real estate shopping spree

Foreign Buyers Pump Up U.S. Home Prices

Canadian and Chinese buyers help fuel 50% jump to a new record, By Laura Kusisto, US Housing Reporter, The Wall Street Journal, 18 July 2017
Foreigners are buying U.S. homes at a record rate, helping push up prices in coveted coastal cities already squeezed by supply shortages.

In all, foreign buyers and recent immigrants purchased $153 billion […]

By |July 22nd, 2017|Canadian Buyers Guide To Florida Real Estate, Canadian Buying Florida Real Estate, Canadian Florida Real Estate Guide, Moving To Florida From Canada|Comments Off on Foreign Buyers Pump Up U.S. Home Prices

SRQ REAL ESTATE MARKET UPDATE APRIL 2016

Short supply, high demand
Listings priced at median range are few, and don’t last long
By John Hielscher
john.hielscher@heraldtribune.com
If you want to buy a mid priced, single-family home in Southwest Florida, better move fast.
Homes priced around the median — $255,000 in Sarasota and Manatee counties in February (the latest data available) — sell swiftly and often attract multiple […]

By |April 20th, 2016|Florida Homes For Canadians, Helping Canadians Buy Florida Real Estate|Comments Off on SRQ REAL ESTATE MARKET UPDATE APRIL 2016

Del Tierra, New Home Community, Bradenton, FL.

DR Horton learns a hard lesson: Bad news travels around the world before good news ties its shoe.

A recent article in the Bradenton Herald brought to light problems in the Del Tierra new home community.

In a nutshell: new home owners were not happy with the builder’s slow response time to handle after sale home warranty […]

By |March 16th, 2016|Canadian Buyers Guide To Florida Real Estate, Canadian Florida Investment Properties|Comments Off on Del Tierra, New Home Community, Bradenton, FL.

2016 will be a GREAT YEAR for Florida real estate markets: here is the 30 second explanation

Conventional wisdom states 3 key metrics drive housing prices:

 Economy
Consumer Confidence
 Rates

The US economy is in good shape, yet remains fragile, and improvement would be welcomed.

Consumer confidence is also good, but it too is fragile, and improvement would be welcomed here as well.

Long term 30 year fixed rates are great. 4% mortgages are hard to beat.

But one […]

By |January 22nd, 2016|Florida Homes For Canadians, Florida Real Estate For Canadians, Moving To Florida From Canada|Comments Off on 2016 will be a GREAT YEAR for Florida real estate markets: here is the 30 second explanation

FIRPTA Withholding Increases in 2016

On December 18, 2015, Congress passed and President Obama signed into law, the Protecting Americans from Tax Hikes Act of 2015 (PATH Act), which contains changes to the Internal Revenue Code section dealing with withholding of tax on the sale of U.S. real estate. Under the Foreign Investment in Real Property Tax Act of 1980,commonly […]

By |January 12th, 2016|Canadian Buyers Guide To Florida Real Estate, Canadian Florida Homes and or Waterfront Homes, Canadian Florida Investment Properties|Comments Off on FIRPTA Withholding Increases in 2016

Weak Canadian Dollar Shifts U.S. Home Purchases

Source – WSJ

The Canadian dollar is down about 10% over the last year, changing the landscape of foreign buyers in the U.S., but Canadians continue to buy luxury property

Every day for the past six months Brian Christopher closely observed a swooning loonie. Mr. Christopher, 34, isn’t a bird nut: He’s a Canadian, who was trying […]

By |December 7th, 2015|Canadian Buying Florida Real Estate, Canadian exchange rate, Florida Homes For Canadians|Comments Off on Weak Canadian Dollar Shifts U.S. Home Purchases

Home sales and prices rise as inventory shrinks

Source: HeraldTribune.com

Rising prices and shrinking inventory couldn’t cool home sales in Southwest Florida last month.

Sales of residential real estate in June maintained what could be another record-setting pace, with deals rivaling the numbers put up during the pre-recession boom, according to data released Wednesday.

“There hasn’t been a string of four consecutive months with sales this […]

By |July 24th, 2015|Canadian Snowbird Information Florida, Florida Homes and Condos Canada, Florida Homes For Canadians Book, Florida Real Estate For Canadians|Comments Off on Home sales and prices rise as inventory shrinks

Florida Market Update: Prices Accelerating

I was recently interviewed by The Globe and Mail of Toronto, (Canada’s version of The Wall Street Journal), for a real estate investment article that ran on June 16, 2015.

You can click on the link below to read the article.

http://helpingcanadiansbuyfloridarealestate.com/young-buyers-not-snowbirds-driving-floridas-hot-real-estate-market/

Although happy with the overall message, the article failed to stress the key point, that really […]

Young buyers, not snowbirds, driving Florida’s hot real-estate market

Source: The Globe and Mail

Florida is changing dramatically and snowbirds are finding real-estate conditions less tranquil than in the past.

In the Sunshine State’s hot real-estate market, snowbirds are increasingly competing against younger buyers, both foreign and American, forcing some Canadians to consider more affordable options either in neighbouring communities or smaller homes.

“The problem that Canadians […]

By |June 26th, 2015|Canadian Buyers Guide To Florida Real Estate, Canadian Buying Florida Real Estate, Canadian Snowbird Information Florida|Comments Off on Young buyers, not snowbirds, driving Florida’s hot real-estate market