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Young buyers, not snowbirds, driving Florida’s hot real-estate market. Last year, Canadians comprised 31.6 per cent of all foreign buyers in the state, more than from any other country, according to the National Association of Realtors (NAR). In South Florida, Canadians accounted for 7 per cent of foreigners buying,
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Foreign buyers are taking over.but it’s Canadians in Florida By Jamie Henry Font size : The National Association of Realtors in Florida has confirmed that Canadians are still the number one buyers of property in the state.
Canadians are about to be bluffed because not even government officials understand the flaw with their method of data collection. Here’s the problem, and why the numbers are going to soar. Even though an increase in foreign buying is very unlikely here. Foreign Buyers. When I think of a foreign buyer, I think non-productive speculator.
15% Non-Resident Buyers Tax. Ontario’s rules have not yet been released but it appears the 15% non-resident speculation tax or NRST will be imposed on purchasers of residential real estate who are neither Canadian citizens nor permanent residents and who do not reside in the province.
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Florida is one of the major U.S. destinations of international residential real estate buyers, according to the National Association of Realtors/Florida Realtors Profile of International Home Buyers in florida. canadian buyers account for the largest share of international buyers (32 per cent), followed by the United Kingdom (seven per cent).
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Florida, California, and Texas: Top Foreign Buyer Destinations. – Foreign buyers purchase property across the United States, but 52. California was the second major destination, and its share. Sixty-two percent of Canadian buyers purchased residential property in Florida, Arizona, and California.
New Jersey and Arizona round out the top five destinations for foreign buyers. While Florida was the most popular state for Canadian buyers, California was the favorite among Chinese and Mexicans.