CANADIANS BUYING U.S. PROPERTIES
With the strengthening Canadian economy and the favorable exchange rate for the Canadian dollar, Canadians are beginning to buy U.S. properties. It has always been the case that our upstairs neighbors are finding places to move out of the frigid winter weather. Arizona’s Maricopa County near Phoenix has boasted that 4% of their home sales have been to Canadians. The Arizona market has experienced a 50% loss in home values since the downturn began.
While Arizona has experienced activity from our Northern borders, California has also experienced its share of home purchases from Canada. This activity has mostly been focused in our southern areas such as Palm Springs and other desert areas.
Don Schaller
Broker/Owner
Schaller Family Realtors
Dickson Realty, Truckee
