Snowbirds rush to sell Florida homes as loonie tanks
Snowbirds rush to sell Florida homes as loonie tanks
Many snowbirds are scrambling to sell their homes in Florida as a weak loonie and high insurance costs drive a Canadian exodus from the sunshine state.
“For us Canadians, it’s a double whammy,” Cedrone said, pointing to a loonie that trades for roughly 69 American cents, on top of rising maintenance costs.
“In Canadian dollars, last week I paid $18 for 18 eggs,” Cedrone said.
“We love this place. But it came to a point now — we are in our 70s — and it’s cheaper for me to come here two months and rent.”
Canadians made up nearly one-quarter of foreign sellers in Florida between April 2023 and March 2024 versus 11 per cent in the same period a year earlier, according to a National Realtors Association report.
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All part of Trump’s plan to get more real estate for his cronies.
Yeah, Namor the Sub-Mariner.