Users' questions 

Do Canadians pay higher property tax in Florida?

Leia Doyle

Do Canadians pay higher property tax in Florida?

There is a myth that Canadians have higher property taxes on their rental properties than local landlords. This is FALSE. All owners of investment property in Florida are taxed the same, whether you are Canadian, Floridian, or Martian! The taxable value the local authority places on the property.

How many Canadians own real estate in Florida?

500,000 Canadians
500,000 Canadians own Florida Homes. Canadians are one of the largest group of Foreign Buyers and Investors in Florida real estate.

Can I own a house in Florida?

Foreign buyers can purchase property in Orlando, Florida just like any American Citizen can. There is currently no special U.S. Visa requirement for foreign nationals buying Florida real estate. This can change, if you plan to stay longer than 90 days at a time.

Can a Canadian buy a house in Florida?

There are no restrictions on foreign nationals buying U.S. property. What are the closing costs and fees associated with buying a property in Florida? fees vary greatly from lender to lender and from one loan program to another. Most Canadians are paying all cash so, of course, they are paying no loan fees.

Can Canadians buy property in Miami?

You should consult an accountant about this. What restrictions are there for Canadian or Foreign National buyers purchasing homes in Florida? There are no restrictions on foreign nationals buying U.S. property.

Can a Canadian buy a home in Florida?

Do Canadian banks give mortgages to buy US properties?

If you are considering financing the purchase of your U.S. vacation home with a mortgage against the U.S. property, it’s important to understand that Canadian lenders don’t offer mortgages against U.S. real estate, as they don’t have legal jurisdiction in the U.S.

Can a Canadian own a house in the US?

Whether it is for your family, retirement, investment or a rental vehicle for extra income, Canadian citizens can buy real estate in the United State without any major restrictions. Buying in the U.S. can be very appealing to Canadians due to the warmer weather and the strong real estate market currently.