Canadian snowbirds, an important factor in AZ's real estate market |
The AZ real estate market is very different from what is seen both with and outside the "sand states" of Cal, Nev, Fla & AZ; bcuz the bulk of the snowbird in AZ are from different states of U.S. and from different provinces of Canada than in Cal, Nev or Fla What this report tells U.S. is that Canadian snowbirds are a very important factor in AZ's real estate market. However, keep in mind that the Canadian Dollar - the Loonie - is now almost at par, again. That makes it VERY desirable for them to come down here and buy - their money is now worth 25% more than a few years ago, AND property in some parts of AZ is very cheap - compared to back home in Canada OR in Cal or Fla. |
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Canadians Are Buying 5% of Phoenix Homes
MARCH 26, 2010
A perfect opportunity coupled by supporting strong assets.
http://www.phoenixmarkettrends.com/public/item/252883
DATE | CANADA | California | TOTAL | CAN% | CAL % |
Feb-10 | 293 | 260 | 6158 | 4.76 | 4.22 |
Jan-10 | 274 | 256 | 5549 | 4.94 | 4.61 |
Dec-09 | 342 | 297 | 7820 | 4.37 | 3.8 |
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