People walk along the beach in Surfside, Fla. on Dec. 17, 2024. Canadian snowbirds are scrambling to sell their homes in Florida amid a weak loonie and high insurance costs.
A former Albertan who sells real estate in Arizona vows, "I ain't going nowhere that's got hurricanes" as the costs of owning property in Florida add up.People walk along the beach in Surfside, Fla., in December 2024. Canadian snowbirds are scrambling to sell their homes in Florida amid a weak loonie and high insurance costs. Cesidia Cedrone has been soaking up the rays at her Florida condo every winter since 2011.
"We love this place. But it came to a point now — we are in our 70s — and it's cheaper for me to come here two months and rent."Home insurance rates likely to spike in 2025 following severe weather events, insurers warn "I've never had this much in a decade. I picked up three new listings on Monday. That's never happened to me in one day," she said last week.
The Canadian dollar has been hovering below 70 cents US in recent weeks, continuing a decline that kicked off in early October because of a slower pace of rate cuts by the U.S. Federal Reserve.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Weak loonie has ‘panicking’ snowbirds looking to sell Florida homesMany snowbirds are scrambling to sell their homes in Florida as a weak loonie and high insurance costs drive a Canadian exodus from the sunshine state.
Read more »
Canadian Snowbirds Flock Out of Florida as Loonie Plunges and Costs SoarThe Canadian dollar's decline and rising living expenses in Florida are prompting many snowbirds to sell their homes and seek more affordable winter getaways. Canadians are increasingly looking to rent temporary accommodations or explore alternative destinations like Portugal, Mexico, and the Dominican Republic.
Read more »
Canadian Sports News Roundup: Taylor's Triumph, Canadian Curling Trials, and MoreThis roundup covers a range of Canadian sports news, including Nick Taylor's victory at the Sony Open, updates on the Canadian mixed doubles curling trials, and more.
Read more »
Aritzia, Canadian Tire, Lululemon among Canadian retailers shifting production outside ChinaShoppers come and go from a Canadian Tire store in Ottawa on Aug. 11, 2023.
Read more »
Trump Hints at February Tariffs on Canadian Goods, While Canadian Politicians Back Away from Carbon PricingThis article covers several news stories from The Canadian Press. It starts with US President Donald Trump's suggestion of 25% tariffs on Canadian imports by February 1st, despite earlier indications of a study on trade practices. The article also discusses the three frontrunners in the Liberal leadership race shifting away from the Liberal government's carbon pricing policy. Other news covered includes Statistics Canada's upcoming release of December's inflation figures, thawing permafrost in the Arctic tundra, and a focus on the benefits of small care homes for long-term residents.
Read more »
Trump to Implement Tariffs on Canadian Goods, Prompting Canadian ResponseU.S. President Donald Trump's inauguration speech signaled his intention to impose tariffs on Canadian goods, reversing earlier reports that suggested a delay. Canadian officials have expressed preparedness for this move, outlining plans to defend Canadian interests and jobs.
Read more »