Our neighbors to the north made up the second-largest population of Orlando’s international homebuyers in 2017, spending millions to buy hundreds of homes. To entice more of those buyers, the Orlando Regional REALTOR® Association and the Global Real Estate Council of Orlando, an ORRA specialty group, sent a delegation of members to the world’s largest trade show for Canadian real estate agents.
Eleven Orlando REALTORS®, including ORRA President Lou Nimkoff, Brio Real Estate Services LLC, travelled to Toronto for REALTOR® Quest 2018, May 30 – 31, and set about touting the virtues of owning a vacation home in the City Beautiful. The event is produced by our friends at the Toronto Real Estate Board.
"The international real estate market is crucial to Orlando’s real estate industry and overall economy,” explains Nimkoff. “Orlando captured 11 percent of Florida’s international homebuying activity in 2017, which for the second year in a row makes it the state’s second most popular location for foreign nationals from around the world to purchase a home.”
According to the National Association of REALTORS® 2017 Profile of International Residential Real Estate Activity in Florida, Canadians made up 12 percent of Orlando’s global homebuyers in 2017, behind only Brazil (13 percent) and ahead of the United Kingdom (10 percent). The study findings also show that 55 percent of Canadians favor purchasing homes in Florida for vacation and investment purposes, furthering local REALTORS’® intent to make certain Canadian real estate agents are well aware of all that Orlando offers to their clients.