With bitter cold winters in Canada, Miami Florida is a tropical haven for Canadian snowbirds who would like to purchase a new vacation home as well as make a sound real estate investment. As an evolving metropolis, Miami not only has it’s tropical beaches and warm weather to offer, Miami ranks fourth in standard of living, eighth in political power, ninth in economic activity, and tenth in cultural activity and commerce according to a 2014 ultra wealth report. Therefore investing in Miami real estate offers the following benefits to Canadians interested in taking advantage of the Miami pre-construction condominium market in Sunny Isles, Florida where there is a supply of 18 months worth of inventory compared to other areas in Miami.

1. Better ROI: According to a 2015 survey by Deutsche Bank AG, Canada has the most overpriced housing market in the world. At 63% overvalued, the Canadian dollar will go much farther and is a much sounder investment in the Miami Florida real estate market.

2. Great Income Producer: The rental market in South Florida is strong. So if you’re looking for something that will start paying off immediately, an investment property in Miami offers great potential for monthly cash flow.

3. The Perfect Vacation Home: For those not interested in rental income or even long-term investment earnings, there simply isn’t a better place for Canadians to escape to during the long, cold winter! The weather in Miami is sunny and warm plus there’s tons of culture and art, great shopping and night life, and don’t forget the gorgeous beaches and beautiful natural areas to explore!

4. The Best Selection At The Best Price: There are dozens of new construction properties being built and an enormous supply of luxury homes available on the market right now. A Miami Beach condo or home offers a lifestyle filled with entertainment and relaxation, and right now you’ll have your pick of location, amenities, and price!

5. Economic Stability: The Miami, Florida real estate market is stable and the economy is robust, with growth expected to continue performing better than the national average across a broad range of industries. In addition, job growth is up and unemployment going down.

Therefore, if you are a Canadian interested in investing in Miami’s pre-construction condominium market, contact us to discuss which property would be most suitable for your needs and investment parameters. Our consultants are able to advise you all pre-construction condominiums from downtown Miami to Sunny Isles to Fort Lauderdale, enabling you to fully understand all your options and make a wise investment decision.

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