Home insurance premiums in Florida are projected to rise by 40% this year, making it more expensive and harder to obtain for both foreign and domestic buyers. This is adding to the already increasing costs of owning property in Florida, which is becoming less affordable for Canadian buyers.
Home insurance premiums in Florida are projected to rise by 40% this year, making it more expensive and harder to obtain for both foreign and domestic buyers. This is adding to the already increasing costs of owning property in Florida , which is becoming less affordable for Canadian buyers. The rising cost of home insurance is now surpassing mortgage payments as the most significant expense of owning property in Florida .
This raises the question of whether escaping the northern winter is worth the financial burden. Canadians have traditionally been strong investors in Florida real estate, but the increasing costs are making it less accessible
Home Insurance Florida Canadian Buyers Rising Costs Property Ownership
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