Wednesday, August 10, 2016

Canadians buying fewer homes in SWFL but have more choices

http://www.naplesnews.com/story/money/real-estate/2016/08/09/canadians-buying-fewer-homes-swfl-but-have-more-choices/88483374/

It is logical that Canadians wouldn't buy right now with such poor exchange rates.  At the end of the article they joke about how even though Americans threaten to move there after elections the won't! 

Because of unfavorable exchange rates and increasing U.S. home prices, Canadian buyers have been shying away from buying homes in Southwest Florida lately.

The current exchange rate pegs the Canadian dollar at 76 cents for every U.S. dollar, and it has been trending lower since the end of 2013.

Canadian buyers in Southwest Florida tend to be in their 40s and 50s and still in the workforce, Henderson said, and are looking for homes in the $200,000 to $500,000 price range.

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