Why Are Canadians Buying Property In Arizona?
The recent collapse of the US housing market has definitely left it’s imprint on human psyche; however there is one group that has actually benefited from this event. Foreign real estate purchasers are enjoying the current smorgasbord of cheap real estate. According to the 2010 National Association of Realtors (NAR) Profile of International Home Buying Activity Report, foreign real estate purchasers made up 4% of the US real estate market (accounting for $41 billion of the $907 billion market). International buyers were made up of people from 53 countries, with Canada leading with 23%. These buyers were reported in 39 states; however 53% of these buyers were concentrated in the states of Arizona, California, Florida, and Texas. The number of Canadians buying property in Arizona has increased over the past few years. Why are so many Canadians buying property in Arizona? This article will highlight the 3 top reasons behind this trend. Those include a desirable location, reasonable home p
