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58°F, Fair

THE CANADIANS ARE COMING...THE CANADIANS ARE COMING!

Posted by V.K. [Mel] Melhado P.A. on Wednesday, February 27th, 2008 at 1:36am.

I am totally amazed about the amount of Canadians that having been opting in to my web site during the past month or so, and even more amazed about the number scheduling trips to Naples and actually writing contracts to purchase. When I look at Google Analytics for the web site, I’m shocked to see that the site has reversed the former trend of more hits from Europe than Canada.

For years Naples has been a destination for Canadians to rent, more especially in ‘high season’ certainly because of the cold weather at that time of year. They have been coming in droves this year with their Canadian dollar now almost on par with the U.S. dollar, making greater Naples real estate a real bargain for them.

What I find even more interesting, since I always kiddingly accuse my Canadian friends of being cheap, (actually they call themselves frugal,) is the fact the many have been purchasing vacation homes in the upper end of the spectrum. You would normally think that because, in many cases these are just that, vacation homes, that they would be more interested in smaller condos. Not necessarily so though, in a lot of cases, their interest is in the upper and single family homes with land.

Whatever the reason is that they are here buying, we welcome them with open arms, because they, along with others, are helping to stimulate the down real estate market!

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