Canadians buying Florida Real Estate!

By
Real Estate Agent with Bradenton Realtor and Sarasota Homes for Sale Anna Maria Real Estate

The number of Canadians buying homes in Florida doubled in only one year, according to a current NAR report.

With the Canadian dollar hovering around par with the U.S. dollar, buying Florida homes seems to be a nice investment for many Canadians (The Canadian dollar was worth only 80 cents three years ago).
Also Canadians benefit from a continued strong housing market and increasing home equity.

According to the Canadian Real Estate Association, overall home prices grew 11 percent in 2007 to an average of $307,265, and they are expected to rise an additional 5.3 percent in 2008.

A Canadian bank has also made it easier to secure a mortgage. It set up a program that allows Canadians to buy U.S. property worth up to $2 million with a down payment of less than 25 percent!

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