The Canadian Influx: How Migration to Florida Is Shaping the South Florida Real Estate Market
The E-2 visa has allowed Canadians to make long-term investments in the United States, which has significantly impacted local economies, such as South Florida.
November 01, 2024 at 11:44 AM
6 minute read
Board of ContributorsAs a Canadian who made the move to the United States, I have witnessed firsthand how Canadian migration is transforming South Florida, especially in the real estate market. My journey to the United States was fueled by the same opportunities that attract many others to the country, and it is made possible through programs like the E-2 visa. The E-2 visa opens doors for Canadians to create new opportunities such as investing in businesses, purchasing real estate, and more. As an immigration lawyer, I see this shift not only from a personal perspective but also through the experiences of my clients, many who are also Canadians who are contributing to the booming real estate market and driving economic growth across Florida.
The E-2 visa has been instrumental in allowing Canadians to establish themselves in the United States. This visa offers the chance for individuals to invest in U.S. businesses, and with that investment comes the need for real estate—whether it's commercial spaces to run businesses or residential properties for families. This visa takes approximately three to six months to get, and a minimum investment of $80,000 is required. Though the E-2 visa does not lead to a Green Card, many Canadians like that it is good to five years initially, and then after that, they can renew it indefinitely in two-year increments. The E-2 visa has allowed Canadians to make long-term investments in the United States, which has significantly impacted local economies, such as South Florida.
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