Canadians Bought 1 in 10 Florida Homes in Last Year

Florida Real Estate and Canadian BuyersCanadian buyers continue to snap up Florida real estate, says a recent survey of foreign buyers produced by the National Association of Realtors on behalf of the Florida Realtors association. The survey tracked foreign buyers for a 12-month period from mid-2010 to mid-2011.

“For that period, one in four Florida homes was purchased by a foreigner, and the largest single country represented was Canada,” says John Tuccillo, chief economist for Florida Realtors. “Canadian sales represented 10 per cent of all home sales in the state during that period.”

Canadian buyers were looking for bargains with the median price of homes purchased at a little over $151,000 US.

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