With approximately 1,350 miles of attention-grabbing coastline, sandy beaches, and a sunny climate most of the year, it is no surprise that Florida is one of the most loved destinations among people – especially Canadians. Since people from other countries, especially Canada, love to explore the beauty of the world, the Sunshine State proves to be the top-visited and highly captivating place to own an Airbnb rental house or a vacation home. Hence, Florida’s real estate market ranks as the top-performing in the United States, with more and more Canadians buying properties.
Why Buy a House in Florida as A Canadian?
The Sunshine State is a great place to buy a house since it offers countless benefits. You will have plenty of options when buying a house in Florida, from gorgeous beaches and breathtaking forests to calm and cozy environments, as well as employment opportunities in major cities like Miami, St. Augustine, and Tampa. The state also has an ever-evolving real estate market with seamless and reasonable property purchases and investment possibilities.
Best cities in Florida to Buy a House as a Canadian
Whether you want to invest in Airbnb property or looking to buy your own house and relocate here with your family, Florida has everything to offer. The state has many wonderful cities to consider for buying a property or a rental vacation home as per your unique requirements, needs, and preferences.
If you are thinking about investing in Florida real estate and property, we have compiled a list of the best cities in Florida to buy houses in 2023.
- Fort Lauderdale
Commonly titled as the “boating capital” of Florida, Fort Lauderdale is the ideal spot for those who have a keen interest in daily sailing trips. Sail around Florida, living the best days of your life! The city’s sun-drenched greyish sandy beaches, various canals, and bustling art are why Canadians buy homes in Florida.
For decades, the city’s metro area experienced rapid development and growth, which attracted Canadians from and across Canada. Fort Lauderdale is the perfect place for those looking for a reasonable investment, a good monthly cash flow, and a chance to spend vacations every year.
- Miami Beach
One of the most popular places in Florida, Miami Beach has plenty of attractions, including captivating restaurants, shopping centers and malls, art and science galleries, alluring nightlife, and much more. Along with its mesmerizing beaches and tropical climate, Miami has countless attractions to offer, including getting internationally recognized for having some of the country’s best resorts and hotels.
Construction is also booming in the city with various development projects, including Monad Terrace, 57 Ocean Miami, Monaco Yacht Club & Residences, and Ten30 South Beach. The rapid construction in the city ultimately evolved Florida’s real estate market. Miami is undoubtedly a go-to place to buy real estate for Canadians. Moreover, it is safe to say that if you don’t end up spending much time in Miami in your luxurious home, you will still have an opportunity to earn plenty of rental income.
- Palm Beach County
Located in the Southeastern region of Florida, Palm Beach has a glamorous and lavish lifestyle that attracts buyers looking to enjoy pristine sandy beaches in a sophisticated and blissful environment. The city also has top-class shopping centers and malls, as well as other amenities and facilities to help you enhance the quality of your life while living in a comfortable atmosphere.
Early in 2021, Palm Beach witnessed an increase in sales of all dwelling categories. Real estate sales in the first three months of 2021 exceeded by $1.2 billion, compared to $398 million in the corresponding period of 2020. The city’s year-round and ever-increasing inflow of tourists and foreign visitors made it a prime destination for both short and long-term real estate investment. If you are really looking for a place where not only can you buy a reasonable property to spend your yearly vacations but earn a good amount of rental income, then look no further than Palm Beach County in Florida.
- Sarasota
One can’t list the top-notch real estate markets in Florida without mentioning Sarasota, a destination of captivating beaches reflecting shallow waters and eye-catching sunsets to Tampa homes and more. The city also offers various recreational activities, including golf courses, parks, and art galleries.
Offering a more upscale atmosphere, Sarasota is known for its cultural offerings, including its renowned Ringling Museum of Art and its high quality of life. A thriving real estate market with some of the best investments in a vacation property is also shown by its 22.5% increase in median selling price over the previous year. And while this is an ideal pick for pensioners, Sarasota also has a variety of nightlife alternatives for younger residents, too.
- Orlando
Known for its theme parks and entertainment, Orlando is also a great place to live, with a strong job market and a diverse population. The residential real estate in Orlando is among the best in all of Florida. Its climate strikes the ideal balance between Jacksonville’s winters and Miami’s summer heat. It is also a popular location for long-term real estate investments due to its low cost of living.
Canadian looking to invest in real estate and properties in the United States are encouraged to look no further than this surprisingly captivating city. Make your days of retirement worth living by spending quality time with your loved ones in Orlando. Or you may want to buy some Airbnb property to spend your vacations and generate some dollars – a win-win deal!
Conclusion
Whether you are looking for a vacation home, a long-term rental property, or an Airbnb rental, the real estate market in Florida offers a wide range of investment opportunities for people looking for long or short-term rental property. Although the state has various attractions for you to make money and spend quality vacations there; however, the greatest Florida city for you to purchase a home will ultimately depend on your individual interests and goals. It is also crucial to thoroughly explore each place to be sure it offers the lifestyle you want and matches your demands.