Is Now a Good Time to Buy a Vacation Home?

The month of March has a tendency to bring up thoughts of warmer weather as families head South for some fun in the sun. If you happen to be thinking about a vacation home investment, then you might want to consider Florida!

Not only have Snowbirds been buying up Florida real estate for their own enjoyment, but their younger friends and counterparts are among the growing numbers of Canadian investors snapping up deeply discounted vacation homes with the intention of renting them out until they retire. These are people, known as “endvestors,” are planning ahead, and planning well!

“Endvestors” understand that if they don’t purchase now there is a chance they might not be able to afford a second home when the time comes to enjoy their retirement in a warmer climate. That being said, Florida is an ideal destination due to its accessibility by car, a bonus for those who prefer not to fly.


Throughout Florida, especially areas like Naples, Fort Myers, Fort Lauderdale and Palm Beach where values have seen huge declines in both single family homes and condo prices, opportunities are ever present for the Canadian buyer. Although it appears that prices have leveled off, properties are still selling for less than it would cost to build them today.

Combined with the fantastic housing prices in Florida, our strong dollar and low interest rates make for an excellent long term investment.

Over 500,000 Snowbirds enjoy the Florida sun each year. Today, with the strength of our economy and our dollar, the time is right to purchase. For Oakville buyers who are comfortable with the lifestyle that the Sunshine State has to offer, house hunting can be loads of fun when you have your pick of the litter from high-rise condos to single-family homes in luxurious neighborhoods.

Over the many winters I have spent at our own family condo in West Palm Beach, I speak from experience. The buying opportunities in South Florida are still good and prices don’t seem to be rising, so whether you are considering an investment for personal use now or a rental property to serve you in the future, an experienced local realtor can help you through the process. Should you wish to pursue this fantastic real estate opportunity, Re/Max Aboutowne and The Invidiata Team would be happy to refer you to a knowledgeable agent in your desired area.