We had a fantastic day collaborating with our long-time friends and Canadian partners, Rock Star Real Estate. Our friendship spans nearly two decades, and in the past six months, we’ve started partnering on real estate deals. Here’s why Canadian Real Estate Investors are excited about Florida Properties!

1. Affordability

Despite exchange rate considerations, properties in Florida are significantly more affordable than those in the greater Toronto area, averaging about one-third the price. This cost advantage translates directly into immediate cash flow.

2. Favorable Landlord Laws

Florida offers a landlord-friendly environment with laws that simplify rent collection, expedite the eviction process for non-paying tenants, and allow for rental increases without caps. Unlike Canada, you have the discretion to non-renew leases for problematic tenants. Moreover, Florida recently enacted a law that grants no rights to property squatters, unlike states such as New York and California. Additionally, we offer comprehensive property management services to ease your investment process.

3. Accessible Financing

For the first time in decades, Canadian investors can secure financing in the U.S. with just a 25% down payment and interest rates around 5.5%, fixed for 30 years. This opportunity is available without the need for a U.S. credit score, green card, or visa. We assist in setting up the necessary entity structure and a U.S. bank account to streamline the process.

4. New Construction Focus

Historically, Canadian investors have bought inexpensive properties in less desirable U.S. areas, often leading to poor outcomes. We take a different approach by focusing on new construction in better areas, including single-family homes, duplexes, and quads. This strategy minimizes potential issues, offers longer warranties, and sets you up for success in the long-term “buy and hold” market.

5. Diversification with the U.S. Dollar

Many Canadian investors seek more exposure to the U.S. dollar for its stability and growth potential. Florida’s consistent upward growth trends, coupled with significant population increases (with 60% of U.S. population growth concentrated in Texas and Florida), indicate a promising future. The ongoing housing shortage, particularly in the affordable workforce housing sector where we focus, suggests continued growth in both property values and rental rates over the next five years.

Canadian Real Estate Investors excited about Florida Properties! Are you? If you’re interested in exploring these opportunities further, feel free to reach out to us. We’re here to help you navigate your real estate investment journey in Florida. 

Pin It on Pinterest