Many 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.
With the Canadian dollar hovering near four-year lows, your trips south of the border could look a bit more expensive this year... but experts say there are ways to ease the financial stress of a weak loonie, and maybe even get ahead. Nivrita Ganguly reports – Jan 12, 2025“Sunshine all the time. Don’t have to shovel snow. The beach, the sand…” the Ontarian said from her second home in Hallandale Beach, halfway between Miami and Fort Lauderdale.
Cedrone is not alone. Residents and realtors say the higher cost of living, risk of damage from natural disasters and a growing taste for travel to different destinations each winter account for the flight from Florida. Those back-to-back cyclones followed Hurricane Ian in fall 2022, whose US$113 billion in damages made it the third-costliest storm in the country’s history. Six Florida insurance carriers folded the following year.
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