Rising costs driving Canadian snowbirds to sell Florida condos, spend winters elsewhere

Описание: Snowbirds are flying elsewhere!

According to South Florida real estate agent Catherine Spino, some Canadians are flocking out of Florida.

Spino, a Canadian American, tells CBS12 News most of her clients are Canadian snowbirds looking to winter in Florida. However, since mid-January, she’s noticed it's gone from a buyer’s market to a seller's market.

She notes there are three main reasons for this shift in the market: the U.S. to Canadian dollar exchange rate, the new condo assessments, and the cost of insuring your property.

Most of the snowbirds Spino is working with are looking to sell their condos, which are second homes for her clients. She says some families just can’t keep up with the rising cost of HOA fees which have increased to keep up with the rising cost to insure condo buildings.



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