Rising costs that Canadian snow birds drive to sell condominiums in Florida are spending the winter elsewhere

West Palm Beach, Fl. (WPEC) – Snowbirds fly elsewhere!

According to Catherine Spino Catherine Spino in Südflorida, some Canadians from Florida flock.

Spino, a Canadian American, says CBS12 News. However, she has noticed since mid -January that he has gone from the buyer market to the market for sellers.

She finds that there are three main reasons for this market shift: the USA for the Canadian dollar exchange rate, the new condominiums and the costs for the insurance of your property.

Most Snowbirds Spino are working to sell their condominiums that are second houses for their customers. She says that some families simply cannot keep up with the increasing costs for HOA fees that have risen to keep up with the increasing costs to insure condominiums.

She also says that some families cannot afford to find large amounts of money that pay for the new 40-year-old condominiums and all corrections that uncover these reviews.

See also: Florida Snowbirds from Canada are subject to new federal rules

Some families take their investment just to sell them.

If you don't even have the money to pay the rating of 20,000 to 25,000 US dollars that you put on the market and in the contract for sale, the buyer is liable for his assessment.

“If you don't even have the money to pay the rating of 20,000 to 25,000 US dollars, you will bring it onto the market, and in the contract the buyer is liable for his assessment when closing,” Spino told CBS12 News. “So sell it a little less.”

Spino tells CBS12 News, the exchange rate is also a big factor for Canadians who want their money to continue. From mid-March, $ 1 $ 70 cents in Canada.

Even the rent during the high season in Florida is expensive. For a condominium of $ 4,000 per month, this would currently cost Canadians to $ 6,000 due to the exchange rate.

According to Spino, some of their Canadian customers want to go in places such as Mexico in winter.

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