What’s the attraction?
Are you kidding? Canadians ache for the sun and warm weather in the
winter months and for a winter holiday destination, it is hard to beat
Florida.
Getting back and forth is convenient and cheap. The locals speak
English, they accept our driver licences and car insurance, the water
and food is safe and the crime rate is not a big concern.
So who are buying condos in Florida?
Snowbirds
It makes sense for them. Retirees who can afford it, can spend six
months a year in Florida and keep their Canadian health care benefits.
Getting away from our harsh winters can add years to their lives.
Investors
By Toronto standards, Florida condos can seem cheap. By a unit and rent
it out to a local who may pay your expenses and give you some cash flow
to boat.
Holiday
seekers
Buy a condo instead of a cottage and make Florida your holiday and
vacation destination.
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