By: Michelle Farber Ross
I am honored to have been asked to sit on the panel to speak about Doing Business with Canada. Not only are one of the partners of MMD Realty, LLC from Toronto, but we do a fair amount of business with Canadians. This is the perfect time for Canadian investors and buyers to enter the South Florida market. CDN dollar is very strong, prices are still low and Florida offers a great escape to the long Canadian winters.
As realtors, we know that now is the time to buy! The pending sales are up 40.2% for single family and 27.6% for condos YTD. Inventory is down 32.3% for single family and 35.9% for condows YTD. These are strong statistics....But, the strongest one: Average sales prices are up 6.8% for single family and 11.2% for condos. Wow! This is music to our ears! (According to Florida Association of Realtors)
MMD Realty, LLC will be embarking on a Canada road trip mid-November to educate Canadian buyers about the South Florida real estate market today. Next, we will look at spreading the word in South America and UK.
It's a great time to be a realtor!
Michelle Farber Ross