Canadians Buying Up Arizona Real Estate

Arizona Real EstateResidential property in Arizona continues to be a hot commodity for Canadians.

According to the Canada Arizona Business Council, there has been a $1-million luxury home sold to a Canadian buyer every week in Arizona for nearly two years.

“And the statistics does not reflect the total residential and commercial real estate categories where Canadians have been some of the most dominant investors and/or buyers,” says the council.

“Not only are the Canadians buying luxury residential real estate in Arizona, the majority are cash buyers and the trend is increasing in all industry segments due directly to the 84 non-stop flights a week in season,” said Glenn Williamson, founder and chief executive of the council. “There are over 600,000 Canadians coming to Arizona and this increased connectivity is having a direct impact on Arizona’s economic development, which now includes Canada as a major bi-lateral trade partner on the state and municipality levels.”

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Full Story from The Calgary Herald

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