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Canadian Buyers Looking to Florida

Posted by Amanda Hicks on Thursday, February 22nd, 2018 at 4:18pm.

Canadians are growing more and more fond of the idea of having a vacation home in South Florida, according to the numbers on new marketing reports from the Florida Association of Realtors. 

Canada has an especially cold winter which is part of the reason they've been moving to the area, and its consistently strong housing market has seemed to motivate Canadians to sell their primary residences.

In 2016, Canadians accounted for $8.9 billion residential property purchases in the U.S. according to the National Association of Realtors, but in 2017 they more than doubled their purchases to $19 billion.

South Florida, particularly Palm Beach County, has proven to be an attractive destination. For example, Canadians account for 15% of the 3,400 condo units at the Boca West Country Club and the population in Boca is expected to grow with the new residential developments being created there. While Canadian tourism numbers have dropped across the board, they continue to grow in our area. 

There is an online social network connecting Canadians in Pam Beach County together, which is a great way to meet new people also from Canada, keep up with local events, and it's a good tool for Canadians looking to move to the area. See more about that here.

To view Waterfront Properties' Palm Beach County listings click here.

 

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