Deals
The Election Is One More Reason for Canadians to Sell U.S. Homes
- Rising prices, American dollar benefit owners of second houses
- Nativist rhetoric dissuades some shoppers from the north
Rows of houses stand in Las Vegas on Sept. 22, 2009.
Photographer: Jacob Kepler/BloombergThis article is for subscribers only.
Fitful financial markets and signs of a southwest Florida real estate slowdown so unnerved Canadians Fab and Christa Michetti that they sold one of their two vacation homes there last month. The U.S. presidential election’s isolationist talk provided one more push.
“How safe are my assets going to be with the change in the political landscape?” said Fab Michetti, a retired Ford Canada employee who declined to discuss individual presidential candidates. He also pointed to the American dollar’s strength as a consideration. “I would rather have my money in my pocket.”