NEWS
Orlando REALTORS® trek north to woo Canadian buyers
Canadian nationals made up about 12 percent of Orlando’s global homebuyers in 2017, second only to Brazilians
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.
Lou Nimkoff, Donna Morton,
Jen Torres, Ed Hru, Ana
Gazzara, Cleberto Copetti,
and Brianna Sawyer were
among the 11 ORRA members
who travelled to Toronto to
promote Orlando real estate.
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