You may of heard this before, but that’s because it’s true. With a strong Canadian Dollar, now is the best time to buy property in the U.S. Sunbelt. And Florida — a long-time favourite destination of Canadians — is among the best places to invest your money today. The fact is, Florida’s Real Estate market is at an all-time low. In some areas, prices are 60% to 75% below what Florida housing prices were in 2005.

To this day, the small section of southeast Florida (Miami and Ft. Lauderdale) still draws the majority of the Canadian buyers (roughly 25%), and the rest are scattered amongst other areas along the east and west coast. Waterfront properties are holding their values better than any other property type; simply because there is no endless shoreline. Waterfront properties are only about 20% off their peak values in 2005, unlike waterfront properties, some interior golf and gated communities with expansive facilities are down drastically. People are cutting back on club memberships—that’s usually the first to go in a poor economy, and residents are trying to lower their costs. Now is a great time to buy!

Canadians are among the growing number of people that are snapping-up the bargain priced houses and condos in Florida. In fact, according to a recent state wide survey conducted by the Florida Association of Realtors, Canadians lead the list of foreign real estate buyers by 26%, and 78% of those buyers buy for personal use. This number is growing!

To keep on top of developments in Florida, and to help you decide if and when to buy, you can register with YourFloridaSource.com to attend FREE seminars, or receive our up to the minute e-newsletter, The Orange Report.