snowbirds-leave-the-us.:-where-will-they-fly-to-now?
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Snowbirds Leave the U.S.: Where Will They Fly to Now?

Canadians account for the largest group of international tourists in the United States, and 40% of all foreign visitors to Florida alone. In 2024, they spent an estimated $20.5 billion USD stateside, which is why, according to the U.S. Travel Association, even a 10% drop in Canadian visitors could result in a loss of $2.1 billion in spending and 14,000 jobs. But the annual spending and visitation are rapidly changing, and it’s no longer just about boycotting American products or avoiding U.S. politics. The deepening rift between Canada and the United States—driven by policy shifts, travel restrictions, and economic uncertainty—has many snowbirds rethinking their winter plans. Increasingly, they’re packing up, selling off their U.S. real estate, and looking to invest further south for their seasonal migrations. What Is a Snowbird? Commonly associated with Canadians, “snowbirds” are retirees over the age of 65 who spend many months (approximately up to 6 months) out of the year in warmer climates, typically during the harsh winter months. They may rent or, more often, own a property, such as a vacation home, to stay in. Why Are Snowbirds Leaving the U.S.? For decades, Canadian snowbirds have flocked to the United States to escape the winter months and have become the largest group of foreign investors in U.S. real estate. Approximately 1 million Canadians are reported to own vacation properties in the country, with the most in Florida (27%), California (11%), and Arizona (11%). Other popular states include Texas, Hawaii, Louisiana, South Carolina, and New Mexico, reflecting the widespread appeal of warm-weather destinations. The Canadian Snowbird Visa Act was initially proposed in June 2019, allowing snowbirds over the age of 50 to extend their visitation from 182 days (nearly 6 months) to 240 days (8 months) per year. However, this bipartisan bill has yet to be passed by the American Congress. Meanwhile, Canadians and foreign visitors to the United States had to wait for the proposed Trump administration’s travel policy, which was officially enacted on April 11, 2025. While Canadian nonimmigrants may be exempted from registering their fingerprints at the border, they must still report to the United States Citizenship and Immigration Services (USCIS) if their intended visit is over 30 days, under this new policy. The antagonism around the visa policy, combined with increasing scrutiny and bureaucratic hurdles, has made long-term planning uncertain for many retirees. Beyond visa hurdles, the Canada-U.S. tax treaty that helped avoid double taxation for many snowbirds may not be enough incentive for them to invest, as the ongoing tariff war raises questions about the long-term viability of U.S. real estate. The political climate has even worsened with controversial rhetoric, including suggestions of America annexing Canada, which has offended many Canadians and further chilled cross-border sentiment. Unsurprisingly, more and more snowbirds are opting to sell their American properties to fly back home or invest elsewhere. This trend is now visibly disrupting real estate markets in snowbird-heavy regions like Florida and Arizona, which are experiencing a sharp increase in home listings from Canadian owners. Where Will Snowbirds Venture Next?

what-every-first-time-home-buyer-should-know
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What Every First-Time Home Buyer Should Know

The Recipe You Need to Succeed Attend our seminar where we’ll give you real answers, home-buying strategies, and a recipe for success proven by our clients. We will provide you with a step-by-step guide with everything you need to know when it comes to buying your first home. Even if you are not a first-time buyer, all buyers are welcome! Our First-Time Home Buyer Seminar will offer you the perfect roadmap for your buying journey, where you can expect: In-depth insight into market trends A comprehensive understanding of the buying process, including where to start Clarity on what you can afford and how to prepare your finances At the end of the seminar, you will also connect one-on-one with our award-winning agents. With your dedicated guide, you can ask all your questions and receive valuable tips that reflect your unique circumstances. Whether you are looking to buy a pre-construction or a resale property, our GTA-Homes agents are prepared to walk with you while connecting you with other reliable real estate professionals you will need to have on your team. Decision to Rent or Buy Although buying a home may seem out of reach, most renters don’t realize how much money they’re actually spending each year on someone else’s mortgage and profit. Owning a home almost always comes out ahead because your monthly rental payments could have been helping you build equity in your own home instead! It also helps to factor in tax benefits, property appreciation, and other incentives when you buy. Let’s compare the numbers to give you a clear picture. If you are currently renting at $2,500 per month, plus about $130 in utilities, you’re paying $2,630 monthly or $31,560 a year. This money will only cover your cost of living and won’t do much else for you. It primarily goes toward paying off your landlord’s mortgage. Now let’s look at the monthly carrying costs of owning your own home. Let’s say you purchased a $500,000 home with a 20% down payment to avoid additional mortgage insurance fees and took on a fixed 30-year mortgage at 4% interest. Your monthly payments will need to include your mortgage payments, property taxes (1% of the property’s value annually), home insurance, and utilities.

no-gst-for-first-time-home-buyers-on-new-homes

No GST for First-Time Home Buyers on New Homes

The Government of Canada has just announced a new GST relief program to make homeownership more accessible for first-time buyers. Effective May 27, 2025, this First-Time Home Buyer’s GST Rebate offers significant savings on newly built homes valued up to $1.5 million. The current real estate market is already seeing lower average sale prices, and this rebate has lowered the entry barrier even further for young Canadians. Eligible buyers will have the Goods and Services Tax (GST) eliminated for new homes valued up to $1 million and a linear reduction for new homes between $1 million and $1.5 million. For example, a new home valued at $1.25 million will receive a 50% GST rebate for up to $25,000. The full rebate will save buyers up to $50,000 upon purchase, and it is projected to result in a total of $3.9 billion in tax savings for Canadians over the next five years. FTHB GST Rebate Eligibility This rebate will have similar eligibility criteria and conditions as the existing GST/HST New Housing Rebate, where it is required to either: Buy a new home from a developer Build or contract the build of a new home on owned or leased land Buy shares of a co-operative housing corporation The amendments to the new rebate will ensure accessibility and affordability for first-time buyers while emphasizing the advantage of paying no GST for new homes up to $1 million. In order to qualify for this rebate, the Agreement of Purchase and Sale for the home must be signed with the developer between May 27, 2025, and December 31, 2030, meaning that the home’s construction must begin before 2031 and be substantially completed before 2036. In order to qualify for this GST rebate, you must be a first-time buyer who: Is at least 18 years of age Is a Canadian citizen or a permanent resident of Canada Has not lived in a home (in or out of Canada) that you have owned or your spouse or common-law partner has owned in the last 4 years Other limitations to the rebate state that an individual buyer must not claim the FTHB GST Rebate more than once in their lifetime, and they cannot claim the rebate if their spouse or common-law partner has already claimed it. The rebate also will not apply to homes purchased through an assignment sale if the original purchase agreement was signed before May 27, 2025. In addition, if the purchase agreement is originally signed before this date and is cancelled or altered to appear new, the rebate may be denied entirely. The Rebate’s Impact on the Housing Market Aimed at reducing upfront costs for first-time buyers in 2025, this policy is expected to increase homeownership rates across Canada—particularly among younger Canadians and new families who have been priced out of the market in recent years. By making newly built homes more affordable, the rebate also encourages demand for new construction, which could help stimulate development as well. By incentivizing both buyers and builders to increase housing supply, this measure could play a significant role in easing the pressure of Canada’s predicted housing shortage over the coming decade. Looking to take advantage of this rebate? Connect with GTA-Homes today to learn more about first-time home buyer incentives! Our award-winning agents are here to guide you through every step of the process and to help you find your perfect home. Or if you still have homebuying fear or uncertainty, join us for our First-Time Home Buyer Seminar, where you can learn more about the current market, receive the recipe for buying success, and ask all your purchasing questions in a one-on-one meeting with one of our professional agents. The post No GST for First-Time Home Buyers on New Homes appeared first on Realinsights.