Canadian Investors. Phoenix. Opportunity.With Canadian to US monetary exchange rates finally favoring the Canadian dollar against the US dollar – coupled with the decline in US home prices – now is a terrific time for Canadian investors to consider purchasing US properties. The Phoenix area is especially primed to capitalize on this opportunity. Let us help you make your US investment acquisition. We’ll ensure a smooth process and will find exactly what you are looking for and what makes sense for your portfolio. In addition, we will provide consultation to ensure your understanding of the process, and as complex questions to unique situations arise, feel confident we’ll have the answers. Call us today to learn more about this unique opportunity. CLICK HERE TO VIEW THE CANADIAN BLOG
Understanding the Phoenix Opportunity: When taking a one year look-back (March 2008 to March 2007) you really get a sense for how much this market has changed and favors Canadian investment. Consider the following:
1. Source: Bank of Canada 2. Source: Arizona State University News; April 9, 2008 What this means is that a Canadian investor wanting to purchase a median-priced, resale home in the Phoenix area would have seen a 29% reduction in cost in just one year. In addition, since they will generally need at least 30% down if financing, what they bring to the table is reduced from $93,100 CAD to $66,200 CAD – a much easier pill to swallow. Of course, the lower monthly mortgage payment helps as well. |
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