this post was submitted on 29 Jan 2025
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β€œFor us Canadians, it’s a double whammy,” Cedrone said, pointing to a loonie that trades for roughly 69 American cents, on top of rising maintenance costs.

β€œIn Canadian dollars, last week I paid $18 for 18 eggs,” Cedrone said.

β€œWe love this place. But it came to a point now β€” we are in our 70s β€” and it’s cheaper for me to come here two months and rent.”

Canadians made up nearly one-quarter of foreign sellers in Florida between April 2023 and March 2024 versus 11 per cent in the same period a year earlier, according to a National Realtors Association report.

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[–] chuck@lemmy.ca 2 points 4 hours ago

Well it's not like you can insure the houses anymore in Florida and with enough time there's going to be a hurricane that wipes the region out again. Better to let some hillbilly be the bag holder

[–] mPony@lemmy.world 7 points 17 hours ago

The loonie did not "tank". it's around 69 cents on the dollar, just like it has been for about 2 months.

https://wise.com/gb/currency-converter/cad-to-usd-rate/history

More horseshit reporting from CTV looking for rageclicks. They'd sell their children, I swear.

[–] reddig33@lemmy.world 8 points 1 day ago (2 children)

Dumb question β€” how do you magically live in another country for three months with no green card or no dual citizenship?

Foreign ownership is just a thing. You don't need a residence to own anything. Same here in Canada.

From there, you get 6 months visitors visas every year.

That's exactly how long you can stay in the country under the visa waver program.

If you have to stay longer you can get a B1/B2 visa.

[–] avidamoeba@lemmy.ca 21 points 1 day ago (2 children)

Wait, but they're going to make more loonies on the sale because of the same currency differential.

[–] GrindingGears@lemmy.ca 10 points 1 day ago

Let me introduce you to the world where Boomers ALWAYS win!

Yet they still complain...

[–] kent_eh@lemmy.ca 9 points 1 day ago

Yes, but it costs more (in Canadian dollars) to go there and actually use that second home.

[–] kent_eh@lemmy.ca 8 points 1 day ago (1 children)

I expect the chaos that Trump is creating, and his threats against Canada also play a significant part in their decision.

[–] reddig33@lemmy.world 5 points 1 day ago (1 children)

Meathead Ron and his dumbass policies can’t be helping either.

[–] kent_eh@lemmy.ca 2 points 18 hours ago

Meathead Ron and his dumbass policies

Yeah, I'm sure that's also a contributing factor.

But Agent Orange and his speed run of Project2025's agenda was the straw that broke the camel's back.

[–] Sunshine@lemmy.ca 4 points 1 day ago (1 children)

All part of Trump’s plan to get more real estate for his cronies.

[–] ControllerCat@lemmy.ca 5 points 1 day ago

Yeah, Namor the Sub-Mariner.

[–] dhtseany@lemmy.ml 3 points 2 days ago (7 children)

What the heck is a loonie? Slang for the Canadian dollar?

[–] garden@lemmy.blahaj.zone 31 points 2 days ago (1 children)

Just wait until you hear about toonies

[–] Sturgist@lemmy.ca 10 points 1 day ago (2 children)

See, I know it's always been "toonies" but I've always struggled with why they didn't go for twonies...

[–] hume_lemmy@lemmy.ca 7 points 1 day ago (1 children)

At the time, I was pitching for the doub-loon, but sadly society went for the lame option. :(

[–] Sturgist@lemmy.ca 3 points 1 day ago

Uuuuuuugh.... that's so fucking good too.... people suck

[–] vastard@lemmynsfw.com 6 points 1 day ago* (last edited 1 day ago) (3 children)

Twonies feels wrong somehow. Like I want to pronounce it so it rhymes with β€œponies”

[–] Sturgist@lemmy.ca 5 points 1 day ago

I live in Scotland, after making that comment wrote it out both ways and asked a coworker which he thought looked more right..... forgetting he's dyslexic. So that was a fun lunch conversation.

I remember when toonies were first issued and got the nickname. America thought it was hilarious and typically Canuck. 🀣🀣

[–] Kichae@lemmy.ca 19 points 2 days ago (1 children)

I cannot tell whether this is being asked in an aggressive or derisive tone. Out of curiosity, how would you respond to:

What the heck is a greenback? Slang for the American dollar?

if it was asked in c/USA on lemmy.us?

You want me to give you a buck? What do I look like? A hunter? We're in the middle of New York City buddy!

[–] TomatoPotato69@lemmy.ca 19 points 2 days ago

A Canadian one dollar coin is often referred to as a Loonie because they have a picture of a Loon on one side. A two dollar coin is generally referred to as a Toonie as play off of Loonie, although it has a picture of a Polar Bear.

[–] sh4zi@lemmy.ca 14 points 2 days ago

Yes, because the Canadian $1 coin has a loon on the face.