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Change in the Forecast: Canadian Sellers Could Mean Cool Deals in Florida

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Change in the Forecast: Canadian Sellers Could Mean Cool Deals in Florida

Change in the Forecast: Canadian Sellers Could Mean Cool Deals in Florida
A rare real estate shake-up is unfolding. Here’s what local buyers need to know.

Author

Apr 4, 2025

Trivia Question❓

Which Florida neighborhood was originally developed as a “city of tomorrow” in the 1950s, featuring futuristic architecture and a space-age theme—but ultimately fell into decline before being rediscovered by modern homebuyers and preservationists?

A) Celebration
B) Lehigh Acres
C) Cape Coral
D) Belle Terre

Answer at the bottom of the newsletter

In case you missed it....

A couple of Interesting Market Trend Facts

  • Price Stabilization and Inventory Growth: As of early 2025, Florida's housing market is showing signs of stabilization. The median home sale price is approximately $410,900, reflecting a modest 1.8% year-over-year increase. Additionally, homes are spending an average of 70 days on the market, indicating a shift towards a more balanced market favoring buyers. (Houzeo)

  • Regional Highlights: In Southeast Florida, home sales prices are projected to increase by 6.9% in 2024 and 6.5% in 2025. Notably, the median single-family sales price is expected to accelerate by 9.7%, while condominium and townhome prices may see a more modest rise of 2.5%.Regional Highlights: In Southeast Florida, home sales prices are projected to increase by 6.9% in 2024 and 6.5% in 2025. Notably, the median single-family sales price is expected to accelerate by 9.7%, while condominium and townhome prices may see a more modest rise of 2.5%. (Realtor.com)

Thought to self...

According to the Wall Street Journal...

(Could this possibly be true)?

Florida is contemplating the elimination of property taxes in response to escalating homeownership costs driven by soaring home prices and increased insurance premiums. This proposal aims to shift reliance towards sales tax, sparking debates about funding essential services like education and public safety without property tax revenue.

Canadian Snowbirds Are Selling U.S. Homes—Here’s Why That Matters

A growing number of Canadian homeowners are saying goodbye to their U.S. vacation properties—especially in Florida, Arizona, and California—as political tensions and rising costs make them rethink their snowbird lifestyle.


🏠 Real Estate Agents Are Seeing a Shift

Alexandra DuPont, a Florida broker who works with Canadian clients, says she’s now helping more than 3x her usual number of Canadian sellers—and no new buyers.“My Canadian sellers are worried. They feel like they have to take a break from the U.S. for now and see where it goes.” – Alexandra DuPont


📊 Quick Facts:

  • Canadians made up 11% of foreign homebuyers in the U.S. over the last decade. Florida is still the #1 destination, followed by Arizona and California.Interest is cooling in part due to rising insurance premiums and HOA fees, especially in Florida.


💸 What’s Driving the Sell-Off?

  • A weaker Canadian dollar makes U.S. homeownership more expensive. New immigration policies may require Canadians staying longer than 30 days to register with U.S. authorities.Plus, ongoing political tensions and trade uncertainty are making some Canadians uneasy about investing in U.S. property.


🧭 Where Are They Headed Instead?

Some agents report that snowbirds are now exploring other winter destinations—like Mexico—that may offer lower costs and less red tape.


⚠️ But Not Everyone Is Leaving...

Matt Christopherson of the National Association of Realtors says that tight inventory, not politics, may be the bigger obstacle for Canadian buyers right now.


💬 The Takeaway

In this turbulent Florida Real Estate economy, realtors may be wise to target Communities with a higher concentration of Canadian ownership for listings that just might sell quicker due to motivated Canadian sellers.

💡 Answer to Trivia Question:

 

The answer is C) Cape Coral
Cape Coral was launched in the late 1950s by the Rosen brothers, who bought massive swaths of land and marketed it nationwide as a futuristic, canal-filled paradise. It featured themed model homes with sleek, mid-century modern designs and a plan for thousands of miles of canals—more than any other city in the world!

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Information, Tips and Trends about the Florida Real Estate Market, sponsored by Lora Keller of SWFLAppraisal.com

© 2025 The Florida Real Estate Newsletter.