About Florida

Florida Flag

500,000 Canadians own Florida Homes.

Canadians are one of the largest group of Foreign Buyers and Investors in Florida real estate.

95% of Canadian Buyers are “ALL-CASH” buyers, with only a small percentage requiring traditional mortgage financing.

Canadians love Florida, and Florida loves us back. Most Canadian Snowbirds develop lifelong friendships with their American neighbors in Florida, and it is true testament to the unique and special bond of friendship between our two countries.

Demographics = Growth = $$$

An aging US population is moving south to escape the harsh northern winters.

Florida in now the 3rd most populous State in the US.

“A highly respected Sarasota luxury home builder said it best, to paraphrase, “the last wave of the baby boomers born between 1944 and 1964 are now all coming into retirement, 10,000 people retire every day in the US, and the Florida housing markets are going to have to accommodate hundreds of thousands of new residents every year for the next 10 to 15 years, and these demographic numbers are so compelling, so overwhelming, that we doubt even the government could mess this up. Most housing experts estimate, 1,000 people move to the State of Florida, every day, which translates into over 300,000 new residents annually.” – Prominent Luxury Home Builder, Sarasota, Florida.

What we are witnessing currently in Florida housing markets bears no resemblance to real estate market booms of the past.

  1. Florida property markets are trying to accommodate years of pent up demand that was held back from slow recovering housing markets like the Northeast and Midwest. The Baby Boomers have been waiting patiently for their local housing markets to recover, to allow them to sell their homes, move to Florida, purchase their dream retirement home, and pocket a big chunk of CASH.
  1. The vast majority of Boomers pay cash for their Florida homes. CASH BUYERS will never walk way from their properties in the event of a market correction, as will highly leveraged home owners, whose equity gets wiped out, and who then choose to leave the keys on the kitchen table for the bank. CASH BUYERS insulate the market going forward, from the probability of another meltdown caused by over leveraged homeowners, who get in too deep, and then bail out.
  1. We have never witnessed underlying market fundamentals, this powerful, in the history of Florida real estate, and it because most new home buyers are paying cash. They are investing for the long term, and for many, this will be their final home purchase.

Florida HammockKey IRS Tax Forms & Publications

IRS Form W-7, IRS Individual Taxpayer Identification Number

IRS Publication 515, Withholding of Tax on Non-Resident Aliens andForeign Entities

IRS Form 8288-A, Statement of Withholding on Dispositions by Foreign Persons of U.S. Real Property Interests

IRS Form 8288-B, Statement of Withholding on Dispositions by Foreign Persons of U.S. Real Property Interests

IRS Form 8288-A, Instructions

IRS Publication 527, Residential Rental Property

IRS Form 1040NR, U.S. Non-Resident Alien Income Tax Return

IRS Form 1040NR, Instructions

IRS 1042S, Foreign Persons US Source Income Subject To Withholding

IRS Form 1099-S, Proceeds From Real Estate Transactions

IRS Form 1099-S, Instructions

IRS Form 8840, Closer Connection Exception Statement for Resident Aliens

IRS Form W-8BEN, Certificate of Foreign Status of Beneficial Owner for US Tax Withholding and Reporting

IRS Form W-8ECI, Certificate of Foreign Persons Claim That Income is Effectively Connected With the Conduct of a Trade or Business in the US

Legal & Accounting Disclaimer (aka The Fine Print)

The information contained in this PUBLICATION is for general information on matters of interest only. The application and impact of US and Canadian Laws vary widely based on the specific facts involved and may be open to broad interpretation.

As a result, the information in this PUBLICATION is provided with the understanding that the AUTHORS and PUBLISHER are not rendering legal, accounting, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional accounting, tax, legal or other advisers.

Furthermore, US and Canadian Laws are subject to revision and change at any time, and while every effort has been made to ensure the timely accuracy of the information contained herein, at the time of writing this PUBLICATION, before making any decision or taking any action, you are advised to consult with a professional accounting, tax, legal or other advisor.

While we have made every attempt to ensure that the information contained in this PUBLICATION has been obtained from reliable sources, the AUTHORS and PUBLISHER are not responsible for any errors or omissions, or for any results obtained from the use of this information.

In no event will the AUTHORS or PUBLISHER, its related partnerships or corporations, or agents or employees thereof be liable to you or anyone else for any decision made, or any action taken in reliance on the information in this PUBLICATION or for any consequential, special or similar damages, even if advised of the possibility of such damages.

IRS Circular 230 Notice:

To ensure compliance with requirements imposed by the IRS, we inform you that any US tax advice contained in this PUBLICATION is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

For information please contact:

Cross Border Realty LLC | CQ1046895
Brent Leathwood, MBA
Licensed Real Estate Broker | BK3300751 

Brent can be reached via telephone:
941.882.2995 (Florida)
[email protected] 

Canadian Buyers Guide to Florida Real Estate


Buying Florida Real Estate

Buying Florida Real Estate

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