Why Canadians Are Investing Heavily in Tampa's Real Estate

[Jorge Vazquez]

I recently had the privilege of meeting with 15 seasoned investors from Canada, and the insights gathered have been quite enlightening. There's a discernible trend where Canadian investors are increasingly gravitating towards Tampa's real estate market, and it's not difficult to understand why:

1. Economic Viability: Toronto's real estate prices are astronomically high, making Tampa appear significantly more economically attractive for property investments.
2. Robust Financing Options: The lending landscape in Canada is notably challenging. However, the U.S., especially with instruments like DSCR loans and specialized private loans, provides much-needed relief, making the investment process smoother.
3. Demand in the Rental Space: With the paradigm shift towards remote work, Tampa has become a sought-after destination. This surging demand in the rental market provides an excellent opportunity for substantial returns on investments.
4. Untapped Potential: Areas such as Ybor and Seminole Heights epitomize the untapped potential that Tampa offers. These regions promise robust ROI and can be likened to goldmines for discerning investors.

Is anyone else observing this trend in their regions? I would be keen to hear your experiences.

[Mike Lambert]

@Ali Nichols

Investors in Mexico don't sell assets in pesos because assets in Mexico are traded in US dollars. I think what's actually happening and what you likely meant to say is that Mexican nationals are buying even more real estate in Mexico because they earn pesos and can buy in US dollars.

@Wyatt Wolff

It's almost all over in Mexico, as your buck goes much further there and the US has lost the competitive advantage it had with low mortgage rates.

I've replied on hundreds of posts in the forum on investing in Mexico, including different areas so you could check that out. I know that the search function on BiggerPockets doesn't function optimally so feel free to let me know if you get any trouble.

@Ali Nicholsundefined