Canada is buying Arizona real estate due to 3 key trends

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As the U.S. housing market looks to get back on its feet, more and more foreign investors have benefited from depressed house prices in a hard-hit area. One such area is Phoenix, Arizona. The latest number indicates that Canada has surpassed Californians as foreign buyers over Arizona real estate. To understand this emerging trend, it is important to see why the market is very appealing to Canadian investments and what types of investments are being purchased

There are three key trends that are happening now making investments by Canada in the Arizona market so attractive. None of these will be around forever, so time is the essence in the market today. This trend is favorable housing prices, landlord law, and desired location. All these trends currently exist for Canadian investments in Arizona.

The first trend of making investments in Arizona's attractive real estate is a profitable housing price. With the decline in house prices, in some areas, by more than 50%, over the past 4 years it has allowed foreign investors to make investments that will result in a much higher return rate than other areas in the state. Since Arizona is one of the 3 most hard-hit countries, the price there has suffered a staggering degree. Canadian investors sitting in cash can take 2 or 3 properties now for the same price with one property in Canada. And, after being hired, this property removes triple cash that can be made in other parts of the United States.

For example, the average home price in Calgary, Alberta is about 300k. When you contrast that with the fact that the current small investment house in Phoenix sells for 50k and the lease for any home will be 750-900 dollars per month, the return on investment is quite high. In some cases upwards of 20% higher! You just can't get that when you exit 300k for one rental property. You will be lucky to get a 4% ROI.

The second Item helps to push Canada to Arizona is a legal system related to leasing. Arizona is appreciated by Canada for its friendly legal owners. In Arizona, unlike other parts of the United States and Canada, an investor should find himself in a state with a tenant who refuses to pay the lease or vacate the property he can use the legal system to repel. And while this is true of many areas, the Arizona process only takes a few weeks. In other parts of the US and Canada, it can take months during which time the investor does not receive the lease.

For Canada, which usually has this property remotely, it is a tremendous benefit for them to know that they have the ability to free themselves from tenant problems through the use of a good property manager and the law while never leaving Canada to handle such a thing in person.

And finally, the third aspect and the impossible trend is changing, is only that Arizona is a desirable area for recreational activities such as Hiking, cycling, and Golf. Obviously, during the winter months, the majority of Canadians are frozen solid. With the weather of Arizona, especially in winter, which is so fantastic, many Canadians are looking for penalties from cold and unlike other parts of the United States, most airlines offer direct to the Arizona area relatively inexpensive, leaving for the Arizona area just making it an easy and enjoyable go.

All of these items taken together consist only of a few of the main reasons Arizona has found its way into the Canadian mind.

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