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Proposed Law Will Help Realtors Sell More Property to Canadians

By
Services for Real Estate Pros with Marketing Advisor & Squeeze Mortgage NMLS# 377413

Did you know that Canadians are targeted in a specific measure of the immigration legislation currently being debated in Washington? We hear a lot about the immigration debate from and we tend to associate it with targeting Mexicans and other Central Americans crossing the border to find work. 

However, there is a component of the current immigration bill which would allow Canadian snowbirds (and those of us in Florida know how many thousands there are), to stay longer in the United States.

Passing this bill into law will increase rent revenue for investors and commissions for real estate professionals that match leasors with leasees.  

Candians in Florida

The measure would allow Canadian visitors to stay up to eight months in the U.S. - two months longer than current law allows. 

This will boost travel and tourism and purchase of second homes by Candians. The trickle down effect of those home purchases is huge. More mortgages, more restaurant visits, more grocery store stops, more fuel, you name it.

When business grows, business owners add jobs in the way of both part-time and full-time staff to support the growth in their client base.

According to the Canadian embassy in Washington, in 2012 Canadians spent about $4.4 billion in Florida. More than 500,000 Canadians already own property in Florida and many thousands more rent.

If you want to contact your elected House representatives about this legislation and encourage them to get it brought to the floor for a vote and passed, reference the Job Originated through Launching Travel Act.

Posted by

John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Randy, thank you so much for bringing this information on Canadians and the effort to increase their length of stay. It would have an impact on our business here in Florida.

Apr 09, 2014 09:08 PM
Chuck Willman
Chuck Willman - Alpine, UT
NewHouseUtah.com

The Canadians have also discovered Arizona as well. There are inexpensive flights and the housing situation has allowed them to pick up some very good deals over the last few years.

Apr 10, 2014 02:20 PM
Randy Mitchelson,APR
Marketing Advisor & Squeeze Mortgage - Bonita Springs, FL
First Impressions are made at First Click

@Chuck - It makes sense that Canadians from Vancouver and other areas in Western Canada would migrate to AZ vs FL. But your missing the Canadian baseball teams! Thanks for following my blog

 

@John - Hopefully our elected officials from Florida will make this happen

Apr 11, 2014 01:41 AM
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Hi Randy, thanks for the update. However if any Canadian stays in USA more than six months they will lose their medical benefits, unless the government is working on the issue. Just closed on a condo with a Canadian buyer.

Apr 11, 2014 12:36 PM
Randy Mitchelson,APR
Marketing Advisor & Squeeze Mortgage - Bonita Springs, FL
First Impressions are made at First Click

@Kwee - wow, interesting conundrum. We must look more into this.

Apr 12, 2014 08:03 AM
Tamir Ness
Ness Property Management Group - Brickell, FL
Love It, Breath It, Live It!

I manage a lot of investment properties for Canadian investors so this is welcome news to my clientele.

Apr 15, 2014 07:28 AM
Bradford Bateman Jr.
Coldwell Banker - Cape Coral, FL
Managing Broker - Coldwell Banker

Lots of Canadians buying second homes in Bonita Spring, Florida.  This is welcome news

May 10, 2014 08:19 AM