“For us Canadians, it’s a double whammy,” Cedrone said, pointing to a loonie that trades for roughly 69 American cents, on top of rising maintenance costs.
“In Canadian dollars, last week I paid $18 for 18 eggs,” Cedrone said.
“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.”
Canadians made up nearly one-quarter of foreign sellers in Florida between April 2023 and March 2024 versus 11 per cent in the same period a year earlier, according to a National Realtors Association report.
28 Comments
avidamoeba@lemmy.ca · 21 pts · 1y
Wait, but they're going to make more loonies on the sale because of the same currency differential.
GrindingGears@lemmy.ca · 10 pts · 1y
Let me introduce you to the world where Boomers ALWAYS win!
Yet they still complain...
kent_eh@lemmy.ca · 9 pts · 1y
Yes, but it costs more (in Canadian dollars) to go there and actually use that second home.
kent_eh@lemmy.ca · 8 pts · 1y
I expect the chaos that Trump is creating, and his threats against Canada also play a significant part in their decision.
reddig33@lemmy.world · 5 pts · 1y
Meathead Ron and his dumbass policies can’t be helping either.
kent_eh@lemmy.ca · 2 pts · 1y
Yeah, I'm sure that's also a contributing factor.
But Agent Orange and his speed run of Project2025's agenda was the straw that broke the camel's back.
reddig33@lemmy.world · 8 pts · 1y
Dumb question — how do you magically live in another country for three months with no green card or no dual citizenship?
wholookshere@lemmy.blahaj.zone · 16 pts · 1y
Foreign ownership is just a thing. You don't need a residence to own anything. Same here in Canada.
From there, you get 6 months visitors visas every year.
anachronist@midwest.social · 2 pts · 1y
That's exactly how long you can stay in the country under the visa waver program.
If you have to stay longer you can get a B1/B2 visa.
mPony@lemmy.world · 8 pts · 1y
The loonie did not "tank". it's around 69 cents on the dollar, just like it has been for about 2 months.
https://wise.com/gb/currency-converter/cad-to-usd-rate/history
More horseshit reporting from CTV looking for rageclicks. They'd sell their children, I swear.
Sunshine@lemmy.ca · 5 pts · 1y
All part of Trump’s plan to get more real estate for his cronies.
ControllerCat@lemmy.ca · 5 pts · 1y
Yeah, Namor the Sub-Mariner.
dhtseany@lemmy.ml · 3 pts · 1y
What the heck is a loonie? Slang for the Canadian dollar?
garden@lemmy.blahaj.zone · 31 pts · 1y
Just wait until you hear about toonies
Sturgist@lemmy.ca · 10 pts · 1y
See, I know it's always been "toonies" but I've always struggled with why they didn't go for twonies...
hume_lemmy@lemmy.ca · 8 pts · 1y
At the time, I was pitching for the doub-loon, but sadly society went for the lame option. :(
Sturgist@lemmy.ca · 3 pts · 1y
Uuuuuuugh.... that's so fucking good too.... people suck
vastard@lemmynsfw.com · 6 pts · 1y
Twonies feels wrong somehow. Like I want to pronounce it so it rhymes with “ponies”
Sturgist@lemmy.ca · 5 pts · 1y
I live in Scotland, after making that comment wrote it out both ways and asked a coworker which he thought looked more right..... forgetting he's dyslexic. So that was a fun lunch conversation.
Cephalotrocity@biglemmowski.win · 2 pts · 1y
2nies
HellsBelle@sh.itjust.works · 1 pts · 1y
I remember when toonies were first issued and got the nickname. America thought it was hilarious and typically Canuck. 🤣🤣
HellsBelle@sh.itjust.works · 24 pts · 1y
TomatoPotato69@lemmy.ca · 19 pts · 1y
A Canadian one dollar coin is often referred to as a Loonie because they have a picture of a Loon on one side. A two dollar coin is generally referred to as a Toonie as play off of Loonie, although it has a picture of a Polar Bear.
Kichae@lemmy.ca · 19 pts · 1y
I cannot tell whether this is being asked in an aggressive or derisive tone. Out of curiosity, how would you respond to:
if it was asked in c/USA on lemmy.us?
wildbus8979@sh.itjust.works · 3 pts · 1y
You want me to give you a buck? What do I look like? A hunter? We're in the middle of New York City buddy!
sh4zi@lemmy.ca · 14 pts · 1y
Yes, because the Canadian $1 coin has a loon on the face.
Tramort@programming.dev · 5 pts · 1y
Yes
ProgrammingSocks@pawb.social · 1 pts · 1y
chuck@lemmy.ca · 2 pts · 1y
Well it's not like you can insure the houses anymore in Florida and with enough time there's going to be a hurricane that wipes the region out again. Better to let some hillbilly be the bag holder