Municipal governments are starting to put green standards in place for developers and builders to follow to help protect the planet. But will it really work?
It’s fair to say that the state of Florida is booming. The state’s economy continues to grow after the financial crisis of 2007-2009 and is consistently outperforming the nation as a whole. As well as being home to a robust tourism industry, Florida is also a hub of new technology, aerospace, digital media and medical research.
All of the economic signs mark cities like Orlando out as flourishing vacation destinations and investment locations. More Canadians purchase property in Florida than anyone else and over 500,000 Canadians own homes in Florida – that’s approximately 1 in every 72 Canadians. Canadians accounted for 37.0% of all foreign purchased real estate in Florida. In fact, Canadians purchased $7.03BN of real estate in Florida between April 2016 and March 2017, which represents an increase of 227% against $3.09BN invested in 2015-2016.
This level of investment is creating ample opportunity for shrewd Canadian investors to bolster their portfolios, but for some reason the appetite to capitalize doesn’t seem to exist. “We don’t think that Canadian investors are taking full advantage of the opportunities, which is strange given the fact that so many Canadians are buying properties here,” says Garry Walmsley, Senior Global Real Estate Advisor at The Orlando Agency, a Division of Global Real Estate Services.
Seeing a gap in the market, Global Real Estate Services launched the Orlando Agency to help out-of-state and foreign nationals in the buying and selling of investment properties for short-term or long-term rental.
“We aim to build select, strategic partnerships with real estate investors who are eager to expand their horizons and look beyond the Canadian market,” Walmsley says. “Each partnership will be developed over time, allowing the investor to get to know the Central Florida real estate in the manner which they feel to be the most informative and practical. We provide continuous "on the ground" support for our partners at every stage of the process.”
The survey shows that buying a home in a major city centre has risen 5% since last year.
The more time and money a developer spends navigating the extensive labyrinth of procedural processes, the costlier it becomes to build a new home.The more time and money a developer spends navigating the extensive labyrinth of procedural processes, the costlier it becomes to build a new home.
Coming to Toronto May 14-15 is an in-person event discussing multifamily investing and the benefits it can have for new and experienced investors.
Many Torontonians and GTA investors perceive Windsor in a different light. But the reality is, it's a growing city that has much to offer investors, homebuyers, students, immigrants, and retirees alike.
While Calgary has continued to increase in popularity, prices have remained steady unlike in markets like Toronto and Vancouver. It holds many benefits for investors.
The Scott McGillivray Real Estate Fund helps people understand passive real estate investing. Scott McGillivray himself has been speaking to people about how to invest in real estate for over 15 years.
From February 2022 to April 2022, there have already been significant price decreases. However, that doesn't mean affordability is around the corner.
According to OSFI, the real estate market in Canada has seen a massive run-up resulting from low-interest rates and supply/demand imbalances.
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