A country deep-dive in the Sovereign Canadian international real estate series. Like everything here, this is personal documentation of how I work through my own portfolio decisions, not financial or legal advice. The Canadian-side machinery that sits above every country in this series – the CRA reporting, the financing reality, the four reasons any of us do this – lives in the foreign real estate investing pillar post. Honduras did not turn up in my offshore real estate survey as a place Canadians are buying in volume, and that absence is part of the story I want to explain here.

Mexico sells proximity. The Dominican Republic sells USD pricing and the only Canadian tax treaty in the Caribbean. Costa Rica sells titled freehold in your own name and political calm. Honduras sells one thing the others can’t match at the price: a world-class coral reef with a condo on top of it, in a market cheap enough that a diver on an Ontario salary can own a piece of it. Roatán is the pitch. Everything else about Honduras is the fine print.