As Hurricane Irma barrels toward southern Florida, what do Canadians who own property in the state need to know?
Florida is the U.S.’s most popular destination for Canadian homebuyers, according to a 2017 report by the National Association of Realtors. More than half a million Canadians own property there, according to a 2013 tally by the Bank of Montreal.
Many of those homes might be on Irma’s path, but Canadians who don’t have U.S. citizenship, permanent residence or a U.S. work visa don’t qualify for federally-backed mortgages, which require flood insurance. These Canadians are also less likely to qualify for a slew of government disaster relief programs, experts told Global News.
Read full story here: Many Canadians With Homes In Florida Likely Excluded From Insurance Requirements, Disaster Relief – National | Globalnews.ca
