COVID-19 has put a damper on Canadian snowbirds’ travel habits but that doesn’t mean they won’t soon have the opportunity to travel to warmer locales, and an upcoming virtual expo will showcase some of those places.
On May 26, Buying Your Piece of Paradise Virtual Expo will bring together real estate professionals from the United States and the Caribbean who will showcase investment properties for Canadian investors and share cross-border financing tips, including home insurance and taxes.
“There will be people from different real estate brokerages in the Caribbean, including the Bahamas, and from the U.S. we’ll have representatives from the Sun Belt states,” said Alain Forget, director of business development at RBC Bank, which organized the event. “We have lined up a panel of market experts mainly to represent where Canadians are buying the most.”
Canadians are particularly bullish on Florida, Nevada, Arizona and Southern California, the latter two locations favourites of British Columbia and Alberta investors. RBC’s guests will include reps from key markets, including Orlando, West Palm Beach and Fort Myers, Florida.
“If you look at the area between Arizona and the coast, like San Diego, there are hot destinations for Canadians who are coming from B.C. and Alberta, but it’s higher priced and more expensive real estate there,” said Forget, who added that there are already over 3,000 registrants for Buying Your Piece of Paradise Virtual Expo. “What we’re going to include are some of the resources RBC Bank in the U.S. has built, like cross-border legal tax experts and homeowner insurance. We want to showcase to Canadians the resources they can get through RBC’s network of external trusted partners.”
The expo, which takes place May 26 from 12:30-4:30 (ET), will also feature segments on retirement planning, individual housing markets and purchasing, insurance, taxes, and legal and immigration issues.