Canadian buyers loom larger in South Florida’s residential market

Canadians’ interest in South Florida vacation homes has increased as an especially cold winter continues in their home country.

Record-breaking cold weather hit Canada in December and January. During a six-day cold snap in Montreal, temperatures didn’t exceed -17 degrees Celsius (1.4 degrees Farenheit).

In addition to cold weather, Canadians also have loomed larger in the South Florida real estate market this winter because of the sustained strength of  Canada’s housing market, which has encouraged them to sell their primary residences.

The Four Seasons Private Residences condominium development in Fort Lauderdale got 221 inquiries from Canadians in the six months that ended in January, far more than in the preceding six-month period.

Despite Hurricane Irma’s destructive landfall in Florida in September, the appeal of warm-weather living apparently has trumped Canadians’ concerns about hurricane risks and rising sea levels.

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