Canadians are flocking to Arizona these days and it’s not just for the blue skies and warm temperatures. Arizona real estate is on many people’s minds when they touch down at Phoenix Sky Harbour Airport and it’s for good reason -low, low prices, a Canadian dollar near par and the lowest interest rates in history. These three factors combined make this a unique opportunity for Canadians looking for a cash flow investment or great vacation property.
Arizona is the fastest growing state in the U.S. and its economy is faring better than the other sunshine states such as California, Nevada and Florida. With a population forecast to double by 2035 and an unemployment rate lower than the U.S. national average, Arizona is poised to continue to lead the nation in job growth in the areas of health care, green technologies, education and tourism-related industries.
Arizona real estate prices have dropped more than 50 per cent since their peak in 2006 and newer homes can be purchased for as little as $50 per square foot, making this a great opportunity to purchase a second home for those in retirement or planning to spend more time in the sunny south sometime in the future. Contrast that to the historical average annual increase of seven per cent per year since 1980 and this market bottom has nowhere to go but up over the medium to long term. Homes are in great demand for seasonal or full-time rental and property management companies tell us that there are not enough rental properties available for the large number of qualified tenants.
It is important that Canadian buyers work with an experienced realtor who understands the market, and is familiar with the process as it pertains to Canadians. The transaction process, financing and tax rules for Canadians are not the same as they are for Americans -knowing these differences can be crucial in making sure your purchase goes smoothly.
Arizona for Canadians is an Arizona realtor that specializes in finding homes for Canadian buyers. As a Canadian who has purchased real estate in Arizona, I am familiar knowledge and experience to help fellow Canadians obtain financing, property management, home insurance, and assist them every step of the way in purchasing the right vacation or investment property.
Feel free to call me at my toll-free U.S number 1-877-477-2578 or cell @ 602-284-9822 and please visit my our website at http://www.JoyceHazen.com.