According to a report by Florida Realtors, Canadians remain the biggest foreign spenders on Florida real estate, with $1.9 billion in investments in 2025. They are followed by Colombians ($925 million), Brazilians ($762 million), Argentines ($627 million), and Mexicans ($489 million).
In terms of the number of purchases, the top five countries of origin for international buyers were Canada (18%), Colombia (10%), Brazil (7%), Argentina (6%), and the United Kingdom (5%), while 14% of respondents did not specify a country of origin.
The report shows that nearly half of all real estate purchases by foreign buyers in 2025 were made in the South Florida metropolitan area, with 45% of real estate investments in the Miami–Fort Lauderdale–West Palm Beach metropolitan area. It is followed by Orlando-Kissimmee-Sanford (13%), Cape Coral-Fort Myers (8%), Tampa-St. Petersburg-Clearwater (7%), Naples-Immokalee-Marco Island (6%), and North Port-Sarasota-Bradenton (4%).
Among Canadian investors, 20% purchased properties in the Miami–Fort Lauderdale–West Palm Beach metropolitan area. The rest invested in the Cape Coral–Fort Myers metropolitan area (17%), the Naples–Immokalee–Marco Island metropolitan area (15%), the Tampa–St. Petersburg–Clearwater metropolitan area (13%), North Port-Sarasota-Bradenton (8%), and in other metropolitan areas/non-metropolitan areas (<5% each), accounting for 27% of Canadian real estate investments in Florida.
Among foreign buyers in Florida, approximately 60% purchased real estate entirely with cash, a proportion lower than the 67% recorded in 2024, and Canadians are more likely to make purchases entirely with cash (75%).
In terms of the type of properties purchased, 47% of Canadian investors opt for condominiums or co-ops, and 39% for single-family homes, while 4% choose townhouses, 5% for land to build on, and 6% for other types of properties. As for the intended use of the property, 58% of Canadians buy for a vacation home, 8% for residential rental, 14% for both (mixed use), 13% for a primary residence, and the remainder for student housing, other purposes, or “don’t know.”
All in all, the real estate market among Canadian investors in Florida remains strong. For any real estate investment in the Sunshine State, we invite you to work with agents and other real estate experts who advertise in the pages of this newspaper and speak your language.
Article translated by DeepL.
