If you’re a Canadian snowbird dreaming of owning a winter escape in sunny Florida, especially a beachfront condo, new legislation could impact your budget and decision-making more than ever before. Recent safety-focused laws are changing how Florida’s condo market operates—particularly for properties near the coast.
🏢 New Rules That Affect You as a Buyer
- Milestone Inspections
- Applies to condo/co-op buildings 3 stories or higher
- Must be inspected by a licensed engineer or architect
- Required at:
- 30 years of age, or
- 25 years if the building is within 3 miles of saltwater
- Must be repeated every 10 years
What’s included?
- Visual (and sometimes invasive) inspection of structural systems: foundation, load-bearing walls, floors, roof, etc.
- If issues are found, the building must take corrective action
- Structural Integrity Reserve Study (SIRS)
- Also applies to buildings 3 stories or higher
- Requires condo associations to:
- Identify all key structural components (e.g., roofs, plumbing, elevators, windows)
- Estimate life spans and replacement costs
- Set aside funds in fully funded reserves for these items
🔍 What to Look for When Buying
As a buyer, especially from out-of-country, it’s critical to:
- Review inspection and reserve reports (SIRS and milestone results).
- Ask if the condo is in full compliance with the new laws.
- Understand any pending or recent special assessments.
- Request budgets and HOA/Condo board meeting minutes.
- Work with a Realtor who knows the local legislation and can help interpret condo association documents.
✅ Final Word: Go In With Eyes Wide Open
The Florida condo market still offers incredible opportunities for Canadians seeking a warm retreat, but it’s not the “buy and forget” landscape it once was. Due diligence is no longer optional—it’s essential.