Turks and Caicos Islands have proven to be a popular destination for Canadians, both for leisure and investment.
According to an interview between Canadian Real Estate Wealth and Kelly Sullivan, Managing Director of Alive and Well Resorts & Hotels, explains why Turks and Caicos is a great location for investors. According to him, the islands welcome investors from around the world to invest in real estate with very few restrictions,.
Moreover, he notes that Canadians are able to own real estate here, just like they do back in Canada. You have a freehold title just like you do in Canada, so this is not a leasehold type of ownership.
It is an excellent choice for Canadians since the Turks and Caicos Islands are down in the West Indies but have many close ties to Canada. Among other things, they are an autonomous British Overseas Territory.
Also, Turks and Caicos is a primarily English-speaking country due to British influence, so anglophone Canadians have an easy time adjusting to island life.
The main banks on the island are all familiar Canadian names: RBC, Scotiabank, and CIBC.
In addition, tourism is the main source of income in the Turks and Caicos Islands, which means visitors are treated with southern hospitality wherever they go.
It is important to note that the Turks and Caicos Islands are located in the Caribbean where there is plenty of sun, great beaches, warm turquoise blue seas, and warm weather year-round. Plus, it experiences the second-fewest number of rainy days in the region.
Most Canadians enjoy vacationing at their cottages or vacation homes in the southern U.S., such as Florida. There is not much distance between Turks and Caicos and Florida, so you can enjoy summer weather all year long.
Image from Kayak: https://images.app.goo.gl/644sw6ReXfNtAjkaA
Source:
https://www.canadianrealestatemagazine.ca/news/not-just-a-vacation-why-canadians-are-buying-in-turks-and-caicos-335110.aspx
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