“For us Canadians, it’s a double whammy,” Cedrone said, pointing to a loonie that trades for roughly 69 American cents, on top of rising maintenance costs.
“In Canadian dollars, last week I paid $18 for 18 eggs,” Cedrone said.
“We love this place. But it came to a point now — we are in our 70s — and it’s cheaper for me to come here two months and rent.”
Canadians made up nearly one-quarter of foreign sellers in Florida between April 2023 and March 2024 versus 11 per cent in the same period a year earlier, according to a National Realtors Association report.
A Canadian one dollar coin is often referred to as a Loonie because they have a picture of a Loon on one side. A two dollar coin is generally referred to as a Toonie as play off of Loonie, although it has a picture of a Polar Bear.