The allure of owning property in the U.S. sunbelt is facing new headwinds, prompting some Canadians, including GTA residents, to reconsider their investments. A cooling U.S. real estate market, coupled with factors like currency fluctuations, higher costs due to natural disasters (especially in Florida), and even political tensions, are all playing a role. Florida condo and townhouse median sale prices were down 5.8% year-over-year in Q3, landing at $305,998. While some are selling, others are opting to rent out their properties, navigating U.S. tax implications. For GTA residents weighing similar decisions, understanding these cross-border financial and market dynamics is crucial. Read the full article on Financial Post to learn more about this trend and see if it affects your real estate plans in the US.
[https://financialpost.com/personal-finance/decision-sell-us-real-estate-cost-canadians](https://financialpost.com/personal-finance/decision-sell-us-real-estate-cost-canadians)
Read the original story here: https://financialpost.com/personal-finance/decision-sell-us-real-estate-cost-canadians
