Posted by Mark Washburn on Monday, March 15, 2010 at 9:04:23 AM By Mark Washburn / March 15, 2010 Comment
Canadian buyers are very active in the real estate market here in Southwest Florida. At this time, approximately 7% of our website traffic originates in Canada and over 10% of our transaction in the last year have been with Canadian buyers. Canadians are drawn to the Fort Myers area for our average annual temperatures of 72 F, our year round golfing and our Gulf coastline. The Southwest Florida market downturn has reduced home prices in many upscale communities to a level of unprecedented affordability. Buying a Fort Myers foreclosure property from a bank is an approach many Canadians are taking to get the absolute best deal. If you are considering a real estate investment in Southwest Florida, it is important to understand all the costs involved with both the transaction itself as well carry costs after you own the property. A Montreal Gazette column titled, Is it time to bottom fish for real estate in the U.S.? discusses these issues and is a must read for any Canadian considering an investment in Southwest Florida.
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