Florida & Canadian Real Estate Associations Agree to Collaborate
Snowbird and summer migrations are big businesses in Florida and Canada. Thousands of Floridians escape to Canada during Florida’s too hot and steamy summers and thousands of Canadians flock to Florida during Canada’s too freezing, snowy winders. All that flocking to and escaping from have brought increasing internal real estate sales in both places.
In 2017, according to the National Association of Realtors, Canadian buyers spent $19B in the US on homes. More specifically, Canadian buyers generated approximately 22% of all real estate sales in Florida. Both Florida realtors which are around 1,80,000 and Canadian realtors which are around 12,000 want to capitalize on those sales. As a result, the Florida Realtors Association (FRA) and Canadian Real Estate Association (CREA) have agreed to collaborate.
This would increase opportunities and transaction leading to good revenue generation to the respective regions.