“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.
Wait, but they’re going to make more loonies on the sale because of the same currency differential.
Let me introduce you to the world where Boomers ALWAYS win!
Yet they still complain…
Yes, but it costs more (in Canadian dollars) to go there and actually use that second home.
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.
Dumb question — how do you magically live in another country for three months with no green card or no dual citizenship?
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.
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.
I expect the chaos that Trump is creating, and his threats against Canada also play a significant part in their decision.
Meathead Ron and his dumbass policies can’t be helping either.
Meathead Ron and his dumbass policies
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.
All part of Trump’s plan to get more real estate for his cronies.
Yeah, Namor the Sub-Mariner.
What the heck is a loonie? Slang for the Canadian dollar?
Just wait until you hear about toonies
See, I know it’s always been “toonies” but I’ve always struggled with why they didn’t go for twonies…
At the time, I was pitching for the doub-loon, but sadly society went for the lame option. :(
Uuuuuuugh… that’s so fucking good too… people suck
Twonies feels wrong somehow. Like I want to pronounce it so it rhymes with “ponies”
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.
2nies
I remember when toonies were first issued and got the nickname. America thought it was hilarious and typically Canuck. 🤣🤣
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.
I cannot tell whether this is being asked in an aggressive or derisive tone. Out of curiosity, how would you respond to:
What the heck is a greenback? Slang for the American dollar?
if it was asked in c/USA on lemmy.us?
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!
Yes, because the Canadian $1 coin has a loon on the face.
Yes
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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
