Recent articles in the Globe and Mail and the Toronto Star both reported that Canadians are buying up more Florida real estate than ever before.
For maybe the first time ever, Canadian Snowbirds are buying vacation properties not only for themselves, but it would seem, also for their kids and grandchildren as well.
So many ask, how is the housing market down there? Is it really bleeding badly? Can I pick one up for, say, 1/2 the price as they were a year or so ago. Quite possibly yes, however it really depends on the area - yes, the good old real estate mantra location, location, location.
I recently had the pleasure of cruising along the Fort Lauderdale Intracoastal Waterway on a 80' power yacht (not mine to get used to... I suffer from a mild case of "the Canadian middle-class syndrome" but happy to maintain my modest sensibilities ; a yacht that size or bigger is too sinfully indulgent, environmentally insensitive, and a colossal amount of scrubbing!) . Miles and miles of extravagant mansions, pools and jumbo yachts got me confused - where is the recession? I can't say I saw one... Definitely not bleeding, a small cut perhaps.
