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Canada Snowbirds reconsidered by calling the United States their second house

CNN –
Sharon Savoy, a 65-year-old retiree outside Toronto, had planned a three-month-old stay in his holiday home in Miami earlier this month. But then she suddenly decided to put the journey on hold, and now she wonders when Shell returns to her second house.
I should be there now, Savoy told CNN. But were trying to debate if it's a good idea or not.
Savoy is one of the hundreds of thousands of Canadians who make their homes in warmer regions of the United States during the colder months of Canadas. In fact, Canadians are the best foreign buyers of American properties representing 13% of all house purchases in 2024, mainly concentrated in Florida and Arizona according to a July report of the National Association of Realtors.
But as business tensions develop between the two countries, many Canadians have taken the conflict to heart, loudly oating the star banner during sporting events and boycotting products made in the United States. Some Canadian snowbirds completely reconcile their lives in the United States. Real estate agents based in the United States in Arizona and Florida told CNN that they gave calls from Canadians who were looking to sell their homes, and recent data show that Canadian tourism in the United States has slowed down.
Stephen Fine, president of Snowbird Advisor, a Canadian company that provides real estate, legal and insurance advice to Canadians who travel south for the winter, said many members of his business felt angry, upset, disappointed and frustrated.
A number of them are considering alternative destinations in the United States next year. Some want to sell their American properties, said fine.
Savoy said that although she loved her house in Miami, she takes over a visit to show solidarity with her Canadian compatriots.
I am in these snowbird groups where people said that we should not spend money in the United States, she said. I do not want my country to have the impression of betraying them during this threat period.
A drop in Canadian tourism could bruise the American tourism industry.
Canada is the main source of international visitors to the United States, according to the US Travel Association. A hypothetical reduction of 10% of Canadian trips could mean $ 2.1 billion in lost spending and 14,000 job losses.
There are already signs of slowdown: Canadian residents have made 13% of air travel in the United States in February and 23% car travel by car, compared to a year ago, according to Statistics Canada, National Office of Canadas.
Canada flight reservations in the United States have dropped more than 70% each month from March to the end of September, according to OAG, a travel data provider.
Share Ross, a real estate agent based in southeast Florida, said that Shes had recently seen a strong increase in Canadians listing their homes in Florida for sale.
Some of the customers I have dealt with want to sell at all costs, even at a loss, said Ross.
Rental properties have also experienced a sharp drop in demand this year, she said.
The Canadian Rental Market is just finished, said Ross. I generally have a few people from various provinces looking for houses for rent. I didn't have this season.
An increasing exodus of Florida Canadians could reduce the housing market already in difficulty. Florida currently has a record number of houses for sale, because the owners are faced with arrow insurance premiums and an increasing risk of floods induced by hurricanes fueled by climate change.
The Canada's trips to the United States is deposited in the midst of a bubbling tatre-tatre trading quarrel between the two nations. The last blow came last week: US President Donald Trump said he would place a 25% rate on all automotive imports, that Canadian Prime Minister Mark Carney has qualified a direct violation of American trade agreements with Canada.
Earlier this month, the Trump administration officially placed a 25% rate on most other imports from Canada and Mexico. The president also increased threats to annex Canada and make the 51st state. Canada has responded by announcing reprisals on billions of dollars in American goods, although the trade war is threatening to plunge Canada's economy into a recession.
It is clear that the United States is no longer a reliable partner, said Carney on Thursday, adding that Canada would seek to transform more with other countries.
Miles Zimbaluk, an Arizona -based real estate agent who offers cross -border real estate advice to Canadians who seek to buy and sell American goods, said that he was thinking that politics was not the only thing that motivates more Canadians to list their properties for sale.
Zimbaluk said that a weakened Canadian dollar had taken into account a decision -making process for snowbirds. Last month, the Canadian dollar fell to its lowest level compared to the US dollar since 2003, which means that daily goods such as grocery and gas have become much more expensive for Canadians. It also means that Canadians are expected to achieve a profit in their money from the United States in Canada.
There are people in money now and bringing this dollar to Canada and converting it into Canadian dollars, Zimbaluk said. We have definitely seen a great increase in people who wanted to sell their house for many different reasons at the moment.
Savoy, the retiree based in Toronto, said that she was not entirely ready to put her house in Miami on sale.
I appreciate my life there. Miami has an excellent nightlife and beautiful beaches. He has everything you need, and I never had a problem, she said. But if things continue to get worse, I will sell my house in the United States. Not because I'm afraid of being there, but because, why would I like to do business there?
Sources 2/ https://www.cnn.com/2025/03/30/business/canada-snowbirds-trump-trade-war-tariffs/index.html The mention sources can contact us to remove/changing this article |
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