Canadian Property Buyers Account For 75 Percent Of Miami FL Real Estate Purchases In February 2012
According to the Miami Association of Realtors, Canadians account for 70.5 percent of all property owners within the South Florida region today. It is clear to see that the tropical climate, beautiful beaches, and unique atmosphere has definitely taken a hold of many Canadians who are particularly keen about being able to make their purchase since their currency exchange rate is now in their favor which explains why many of them seem to be cash-buyers.
While people from Canada have always been attracted to the brilliant qualities that make Miami so exceptional, it is only in these recent times that the Miami FL real estate market is receiving so much attention from people who are originally from areas such as Quebec, Toronto, and Montreal.
More often than not, Canadians seem to have a penchant for two-bedroom and two-bathroom home properties within the region. While investor-type property buyers seem to be interested in being able to purchase Miami FL real estate properties for their own investment purposes, it seems that the older Canadians are interested in being able to purchase vacation as well as retirement homes within the most scenic locations across the region, particularly along the Intracoastal Waterway.
Nevertheless, it seems that Canadians are very enthusiastic about a variety of areas within Miami such as Sunny Isles Beach, Miami Beach, Coral Gables, and also the Downtown Miami area.
The fact that the different areas within Miami FL have their own distinctive set of great qualities which make each area so unique provides property buyers with exceptional options to choose from. Of course, Canadians are definitely going to love being able to go through all of their available options which include a wide range of apartments, single-family homes, condominiums, as well as a fabulous selection of luxury real estate properties which can be found on today’s property market.
People are quite certain that there will be more Canadian property buyers who will want to purchase Florida condo properties, not just because their currency allows them to get great deals on the market, but also because the international vibe found in Miami definitely helps to make them feel right at home.
Yaz Morgan
