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.
31 Articles
31 Articles
Winnipeg Free Press
‘People are panicking’: Snowbirds rush to sell Florida homes as loonie tanks
Breaking News, Sports, Manitoba, Canada
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…
Every fall and winter, many Canadian snowbirds escape the cold and head to the southern United States to enjoy the warm sunshine. But since last year, the Canadian dollar has fallen and hit a record low against the U.S. dollar. Many Quebec snowbirds living in Florida have listed their properties for sale, citing the rising cost of living and the potential profit of selling their homes.
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