Loonie to the rescue! Florida Realtors welcome Canadian dollar’s rally…


(Source: Reuters)

Hard-hit realtors in Florida are welcoming a side-effect of the Canadian dollar’s recent rally: more Canadians buying houses in the Sunshine State.

“Now their currency is around parity with the dollar and their money is worth something, more have decided it’s time to buy,” said Bill Sontag, a realtor at Florida Realty in Naples.

So-called “snowbird” Canadians who migrate to the sun during the winter months as well as those simply looking for a holiday home are lending support to the decimated housing market in Southwest Florida, realtors there say.

Read the full article, “Florida realtors welcome Candian dollar’s rally” at Reuters (March 25, 2010).

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