There has never been a better time to purchase Arizona real estate for Canadian investors. The Canadian dollar is up, the US housing market is depressed, and there are plenty of investment properties in the greater Phoenix area. The absolute safest transactions, of course, are new builds or regular resale properties. There is no shortage of short sale/pre-foreclosures or bank owned homes. Phoenix is expecting one last wave of foreclosures in the next 12 months. After that, the housing market should begin it's recovery - some say over the next five years the buyer's market should begin fading.
Location, location, location - there are so many unique, established and well maintained communities to choose from in Phoenix and surrounding suburbs. Ahwatukee is a prime area to begin a search. This golf course mecca is not far from a number of key points of interest in the Phoenix area - like 20 minutes to the Phoenix International Airport, Chandler Fashion Square, hospitals, sports venues, and lush golf courses abound!
People have to live somewhere - all the unfortunate homeowners who have lost their homes in this declining market are now seeking rental properties. It is the perfect time for investors' real estate in Arizona.
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