“For us Canadians, it’s a double whammy,” Cedrone said, pointing to a loonie that trades for roughly 69 American cents, on top of rising maintenance costs.

“In Canadian dollars, last week I paid $18 for 18 eggs,” Cedrone said.

“We love this place. But it came to a point now — we are in our 70s — and it’s cheaper for me to come here two months and rent.”

Canadians made up nearly one-quarter of foreign sellers in Florida between April 2023 and March 2024 versus 11 per cent in the same period a year earlier, according to a National Realtors Association report.

  • reddig33@lemmy.world
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    16 hours ago

    Dumb question — how do you magically live in another country for three months with no green card or no dual citizenship?

    • wholookshere@lemmy.blahaj.zone
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      16 hours ago

      Foreign ownership is just a thing. You don’t need a residence to own anything. Same here in Canada.

      From there, you get 6 months visitors visas every year.

    • anachronist@midwest.social
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      11 hours ago

      That’s exactly how long you can stay in the country under the visa waver program.

      If you have to stay longer you can get a B1/B2 visa.

  • Avid Amoeba@lemmy.ca
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    1 day ago

    Wait, but they’re going to make more loonies on the sale because of the same currency differential.

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      1 day ago

      Yes, but it costs more (in Canadian dollars) to go there and actually use that second home.

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    1 day ago

    I expect the chaos that Trump is creating, and his threats against Canada also play a significant part in their decision.

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        1 day ago

        See, I know it’s always been “toonies” but I’ve always struggled with why they didn’t go for twonies…

        • hume_lemmy@lemmy.ca
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          16 hours ago

          At the time, I was pitching for the doub-loon, but sadly society went for the lame option. :(

        • vastard@lemmynsfw.com
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          1 day ago

          Twonies feels wrong somehow. Like I want to pronounce it so it rhymes with “ponies”

          • Sturgist@lemmy.ca
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            20 hours ago

            I live in Scotland, after making that comment wrote it out both ways and asked a coworker which he thought looked more right… forgetting he’s dyslexic. So that was a fun lunch conversation.

          • HellsBelleOP
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            1 day ago

            I remember when toonies were first issued and got the nickname. America thought it was hilarious and typically Canuck. 🤣🤣

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      I cannot tell whether this is being asked in an aggressive or derisive tone. Out of curiosity, how would you respond to:

      What the heck is a greenback? Slang for the American dollar?

      if it was asked in c/USA on lemmy.us?

      • wildbus8979
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        1 day ago

        You want me to give you a buck? What do I look like? A hunter? We’re in the middle of New York City buddy!

    • TomatoPotato69@lemmy.ca
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      1 day ago

      A Canadian one dollar coin is often referred to as a Loonie because they have a picture of a Loon on one side. A two dollar coin is generally referred to as a Toonie as play off of Loonie, although it has a picture of a Polar Bear.