The Miami Beach Ritz-Carlton Residences is Offering a 35% Discount for Canadians

As Canadians dry up throughout the United States on account of our meek money, businesses and entire states throughout America are clamouring to lure us back stateside.

Earlier this year, Myrtle Beach said it will accept the Canadian loonie at par with the U.S. dollar to keep us coming to South Carolina, while businesses across Washington State enacted similar woo tactics just over a month later.

With the Canadian dollar still hobbling along, it’s not just break-even tourist traps that are trying to entice us. The Ritz-Carlton Residences in Miami Beach – where units run between $2 million and $40 million – recently announced they will offer condos at a 35-per-cent discount to Canadians. That’s an extra 10 per cent on top of the current 25 per cent disparity between the Canadian and U.S. dollar.

Ritz-Carlton Residences, Miami Beach

Ritz-Carlton Residences, Miami Beach

Ritz-Carlton Residences, Miami Beach

“No other developers have done this type of deal before,” a spokesperson for the developer said in a statement.

The only catch? You have a two-hour window to fetch a space.

Those interested in a Ritz slice of Miami Beach property will need to attend the Ritz-Carlton in Toronto on Wednesday, March 30, 2016, from 7pm to 9pm to stake their claim on a first come, first serve basis. You can also make a reservation by phone if you prefer.

Canadians now have to spend 30 per cent more on real estate in the United States compared to two years ago as a result of the slumping loonie. Only 11 per cent of foreign buyers in Florida in 2015 were Canadian, down from 32 per cent a year earlier.

Just something to consider if you have some spare cash collecting dust around the house and wouldn’t mind having some more sunny weather in your life.