Monday, November 21, 2022
HomeWealth ManagementCanadian snowbirds in Florida experiencing a cost-of-living squeeze

Canadian snowbirds in Florida experiencing a cost-of-living squeeze

The group’s knowledge reveals that whereas Canadians continued to characterize the biggest worldwide purchaser phase in Florida in 2021, representing 19% of purchases, the share of patrons they account for has drastically decreased from 2019, once they represented 23% of all international purchasers.

Learn extra: Snowbirds take successful

The scenario isn’t any higher for renters.

Fort Myers, a popular trip spot for Canadians and one which was straight struck by Hurricane Ian earlier this month, had the biggest improve in leases, at 32.4% over the identical interval in 2021, primarily based on a Florida Atlantic College evaluation of 107 vital actual property markets carried out in April.

The Missouri Financial Analysis and Info Heart’s Composite Value of Dwelling Index, Florida’s value of dwelling is 0.3% greater than the nationwide common. With a 5.6% improve in worth over the nationwide common, groceries are the most expensive good in Florida.



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