For decades Arizona, and more specifically Maricopa County, has been a favorite location for real estate buyers from across the United States. Many of these buyers were looking for a vacation home and others were choosing to make it their primary residence. They were typically coming from the Midwest and east coast to take advantage of the 334 days of sunshine each year or they were coming from California, where they found home prices to be half the cost and the overall price of living substantially lower.
Phoenix has long been a popular 2nd home destination for Canadians because of the weather, lifestyle and golf, but as a result of the stronger purchasing power of the loonie combined with a severe decline in US real estate prices, these numbers have exploded in the past 3 years. In 2010, Canadians supplanted Californians as the largest group of out-of-state home buyers.
Whether buying a home as a vacation home or as a rental investment, there are currently once in a lifetime buying opportunities in the Phoenix market right now. Having worked with numerous Canadian buyers, I have the necessary resources to make buying a home in Arizona a smooth transaction. These resources include lenders with mortgage programs specialized for Canadian citizens, cross-border financial planners that will advise minimizing tax implications for investments on real estate as well as contacts for the local curling club!