Canadian Snowbirds Hot on Florida Real Estate Investing

Posted: March 22nd, 2013

A recent report published by the Bank of Montreal has demonstrated that Canadian Snowbirds now make up the majority of Florida's property buyers. Recent studies have shown that the median price of a single-family home in Florida is almost half that of a single-family home in Canada. In 2010, thirty-six percent of all real estate transactions in Florida involved Canadian investors, who also provide the top source of tourism income in the state. According to the same report, over half a million Canadians now own Florida property.

As prices continue to plunge and the strength of foreign currency increases, now is a great time for investors and snowbirds to look at Brevard County properties for sale. Investment properties are a steal at this point in the market, enabling investors to make quick and easy profit. But the market will not stay in this state forever. A recent BMO study has shown that the market has hit its bottom and the real estate market is beginning to make a turn for the better. In future years, prices will increase once more. Anyone interested in real estate investment should peruse Brevard MLS for Space Coast investment property opportunities.