Tag: Disaster relief

Many Canadians With Homes In Florida Likely Excluded From Insurance Requirements, Disaster Relief – National | Globalnews.ca

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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.…

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