“For us Canadians, it’s a double whammy,” Cedrone said, pointing to a loonie that trades for roughly 69 American cents, on top of rising maintenance costs.
“In Canadian dollars, last week I paid $18 for 18 eggs,” Cedrone said.
“We love this place. But it came to a point now — we are in our 70s — and it’s cheaper for me to come here two months and rent.”
Canadians made up nearly one-quarter of foreign sellers in Florida between April 2023 and March 2024 versus 11 per cent in the same period a year earlier, according to a National Realtors Association report.
Wait, but they’re going to make more loonies on the sale because of the same currency differential.
Let me introduce you to the world where Boomers ALWAYS win!
Yet they still complain…
Yes, but it costs more (in Canadian dollars) to go there and actually use that second home.