Monday, June 29, 2009

Canadians clean up in Lee County's real estate field

Terry Dona, sales manager at Gulf Coast Associates Realtors in Bonita Springs, said Canadians comprise most of her foreign buyers at about "80 to 1."

"We have quite a few Canadians who are looking for property all the time," Dona said. "It's obviously picked up even more in the last 12 months."

Dona attributed the influx of Canadian home buyers partly to the dollar's rate of exchange and also to appealing prices.

Canada has experienced an advantageous rate of exchange the past year, with exchange rates as high as $1.30 in March.

The U.S. dollar is currently equivalent to about $1.15 in Canadian currency.

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