With the advent of the strength of the Canadian dollar and the low price points for real estate in the United States, more and more Canadians are purchasing property. Exchange rates are at historical favorable levels and prices are low making it extremely attractive for our neighbors to the north to purchase real estate in Florida. It is important for our Canadian friends to understand the implications of their purchase.
Recently Donald Webster, a real estate law attorney from Marco Island, put out a timely piece about the best way for Canadians to hold real estate in the U.S. The instrument is called a Canadian Land Trust and is a must-read for any Canadian contemplating a property purchase here in Naples.
V.K. [Mel] Melhado PA
Fine Home Specialist
Preview Naples Group
Premiere Plus Realty Co.