The Canadian dollar is once more reaching for parity with the US Dollar. As a result buyers are again considering buying because of the strength of our dollar.
Condos in Florida are selling much less than they were a year ago and with housing crisis still ongoing a second home in Florida offers a real lifestyle change.
Florida, a popular destination for Ontario and Quebec natives is a favourite for people wanting to buy however taxes are very high for non residents and insurance for Hurricanes can be costly as well.
Canadians are also finding it difficult to qualify for a mortgage south of the border due to the recent sub-prime meltdown.
Even the American estate tax system taxes the estates belonging to non-US citizens so buyers have to be careful to develop an estate plan to ensure they are not left with a huge tax burden if they die there.
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