this post was submitted on 29 Jan 2025
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“For us Canadians, it’s a double whammy,” Cedrone said, pointing to a loonie that trades for roughly 69 American cents, on top of rising maintenance costs.

“In Canadian dollars, last week I paid $18 for 18 eggs,” Cedrone said.

“We love this place. But it came to a point now — we are in our 70s — and it’s cheaper for me to come here two months and rent.”

Canadians made up nearly one-quarter of foreign sellers in Florida between April 2023 and March 2024 versus 11 per cent in the same period a year earlier, according to a National Realtors Association report.

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[–] avidamoeba@lemmy.ca 21 points 6 months ago (2 children)

Wait, but they're going to make more loonies on the sale because of the same currency differential.

[–] GrindingGears@lemmy.ca 10 points 6 months ago

Let me introduce you to the world where Boomers ALWAYS win!

Yet they still complain...

[–] kent_eh@lemmy.ca 9 points 6 months ago

Yes, but it costs more (in Canadian dollars) to go there and actually use that second home.

[–] kent_eh@lemmy.ca 8 points 6 months ago (1 children)

I expect the chaos that Trump is creating, and his threats against Canada also play a significant part in their decision.

[–] reddig33@lemmy.world 5 points 6 months ago (1 children)

Meathead Ron and his dumbass policies can’t be helping either.

[–] kent_eh@lemmy.ca 2 points 6 months ago

Meathead Ron and his dumbass policies

Yeah, I'm sure that's also a contributing factor.

But Agent Orange and his speed run of Project2025's agenda was the straw that broke the camel's back.

[–] mPony@lemmy.world 8 points 6 months ago

The loonie did not "tank". it's around 69 cents on the dollar, just like it has been for about 2 months.

https://wise.com/gb/currency-converter/cad-to-usd-rate/history

More horseshit reporting from CTV looking for rageclicks. They'd sell their children, I swear.

[–] reddig33@lemmy.world 7 points 6 months ago (2 children)

Dumb question — how do you magically live in another country for three months with no green card or no dual citizenship?

[–] wholookshere@lemmy.blahaj.zone 15 points 6 months ago

Foreign ownership is just a thing. You don't need a residence to own anything. Same here in Canada.

From there, you get 6 months visitors visas every year.

[–] anachronist@midwest.social 2 points 6 months ago

That's exactly how long you can stay in the country under the visa waver program.

If you have to stay longer you can get a B1/B2 visa.

[–] Sunshine@lemmy.ca 4 points 6 months ago (1 children)

All part of Trump’s plan to get more real estate for his cronies.

[–] ControllerCat@lemmy.ca 5 points 6 months ago

Yeah, Namor the Sub-Mariner.

[–] chuck@lemmy.ca 2 points 6 months ago

Well it's not like you can insure the houses anymore in Florida and with enough time there's going to be a hurricane that wipes the region out again. Better to let some hillbilly be the bag holder