The Canadian Invasion: Why Canucks are Flocking to Lee County

Posted by Mary Ray on Wednesday, July 15th, 2009 at 11:28am.

Southwest Florida has always been a hot spot among Canadian "snowbirds,' looking for a warm locale to spend their winters. The beaches here are incredible, the people are friendly, and the lifestyle can't be beat.

The National Association of REALTORS® recently conducted a survey and discovered that Canadians represented a whopping 27% of all buyers in the state of Florida. This has been due in large part to favorable exchange rates, but as SWFL home prices continue to sit at record lows, the number of Canadians scooping up Lee County real estate is expected to rise even more. With properties in Fort Myers and Lehigh Acres selling for as low as $50,000, Canadian buyers know a deal when they see one.

Many Americans have been unable to take advantage of rock bottom real estate prices in places like Lehigh Acres because of the economic downturn. Canadians on the other hand, are in a good position to buy right now, as their economy has taken much less of a hit than ours has.

This influx of Canadian buyers has helped to offset the damage caused by the record number of foreclosure filings in Lee County, as well as infuse local communities with optimistic new faces who are happily fulfilling their dreams of owning SWFL real estate.

To all our Canadian buyers, we say 'welcome home'!

By David Sporleder | Sporleder-Ray Realty Group | david@davidsporleder.com| Google+

 

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