Migration season is upon us, and it's not just the geese that are flying south. Snowbirds are flocking to Naples beaches more than ever, but not just for vacations. Canadian investment in Florida homes – including in Naples – is definitely on the rise this year.
At our firm alone, at least 30% of our 2012 customers have been Canadian. They've gravitated towards the higher end properties in areas that include: Olde Naples, Aqualane Shores, Port Royal, Park Shore. Beachfront condos and waterfront homes are especially popular.
Naples Daily News recently posted an article describing a team of Canadian investors who purchased multiple properties, using one as a yearly rental, and the other a seasonal rental which they will enjoy as well. Better than a timeshare, these properties will pay for themselves, while the owners get free vacation accommodation.
The beautiful beaches, warm climate, and safe friendly atmosphere make Naples a popular choice for Florida real estate, and now with the Canadian dollar being so high, and rumors of possible price increases, the timing is perfect.