Canadians Are Investing in Phoenix. Why Aren’t You?
Have you noticed more Maple Leaf flags on your street? Are more patrons of your favorite bar drinking Molson? Have you had to file noise complaints against a neighbor that won’t stop blasting Celine Dion across the neighborhood?
Have you asked yourself why?
Canadians are flying south in record numbers, buying properties in search of warmer climates found in places like, you guessed it, Phoenix, Arizona.
It’s been reported everywhere from the Wall Street Journal to the Vancouver Sun.
As reported by the Wall Street Journal:
For the two years that ended in March, Canadians made up the largest percentage of foreigners buying homes in the U.S.—23%—up from 11% in 2007, according to the National Association of Realtors.
That’s a lot of Canadians, eh?
Canadian investors are beginning to choose Phoenix over previous hotspots in California such as Palm Springs. Warm climate, affordable properties, and Phoenix’s low cost of living all contribute to Canadian buyers’ decision to invest in the Valley of the Sun.
And Phoenix real estate agents are noticing, some tailoring their websites to Canadian investors, while others are going so far as to buy ad space in major Canadian cities like Vancouver, Montreal, and Toronto.
I’ve mentioned before that the Phoenix housing market is hot as investors are buying up homes in Phoenix.
Canadians are traveling over 1,500 miles to invest in lucrative property right in your neighborhood.
Why aren’t you doing the same?
Related posts:
- What does a 68,000 investment property in Phoenix look like?
- Investors Buying Up Homes in Phoenix Market
- Phoenix Investment Property in 85043
