US Edition‘People are panicking’: Snowbirds rush to sell Florida homes as loonie tanks
- Snowbirds are selling their homes in Florida due to a weak loonie and high insurance costs, leading to a Canadian exodus from the state.
- Canadians accounted for nearly one-quarter of foreign sellers in Florida from April 2023 to March 2024, up from 11 percent the previous year, according to the National Realtors Association.
- Insurance premiums in Florida have increased significantly, with homeowners now paying more than three times the national average, as reported by the Insurance Information Institute.
- Real estate broker Alexandra Dupont noted a surge in listings, stating, 'I've never had this much in a decade,' reflecting the current market conditions.
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Winnipeg Free Press+26 Reposted by 26 other sources
‘People are panicking’: Snowbirds rush to sell Florida homes as loonie tanks
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Snowbirds rush to sell Florida homes as Canadian dollar tanks
Cesidia Cedrone has been soaking up the rays at her Florida condo every winter since 2011. “Sunshine all the time. Don’t have to shovel snow. The beach, the sand…” the Ontarian said from her second home in Hallandale Beach, halfway between Miami and Fort Lauderdale. Last week, her retirement reverie came to an end as Cedrone and her husband signed the closing papers on their home sale. “Things changed so drastically. The Canadian dollar is not a…
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Total News Sources31
Leaning Left6Leaning Right1Center3Last UpdatedBias Distribution60% Left
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- 60% of the sources lean Left
60% Left
L 60%
C 30%
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