Blog Archives

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Eight Useful Canadian Websites

  Whether you are a US citizen seeking info on Canada, or a Canadian living in the US (as I am), there is lots information available on the following websites: 1. The Canadian Tourism Commission – www.travelcanada.ca. . Canada’s official tourism website with comprehensive information on planning a trip to Canada. 2. Connect 2 Canada […]

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Do You Know Who Dominates Our Trade?

Want to show your smarts? Try asking someone this question: who is the United States’ number one export partner? My guess is they will say China, Japan, Europe and depending on what part of the country you’re in, maybe Mexico. But the answer is in fact Canada. Although it may seem like trivia, the question […]

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Cross Border Banking Makes Owning a Home in Arizona Simple

Typically Canadians or others from other countries owning residential property here in Arizona need banking services. This is especially critical if the home is rented periodically as there will be income and expenses. The ability to deposit funds and write checks from a U.S. bank greatly facilitates property management activities. Using a credit card from […]

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Go To the SimplySOLD Library and Learn About International Buyers

As a Certified International Property Specialist, I have learned a lot about doing business with foreign buyers of Arizona real estate. To increase my knowledge of the Canadian consumer, this summer I became a member of the Canadian Snowbird Association (“CSA”). CSA is a nonprofit advocacy group which represents the interests of Canadians traveling to […]

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Can there be a Boom without Bust?

Is Canada’s real estate market headed for a repetition of bust and its plunging values and distressed sales experienced in Arizona? They don’t think so. Do they know something we don’t – or are they nuts? There definitely are differences between the two markets, but is it enough to make Canada immune to a crash? […]

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Are Canadians in Denial, eh?

The Canadian real estate market is booming, but there are signs all might not be well. Some of those same indicators were present when Arizona’s real estate market tanked, so we in Arizona know them when we see them. Read on and see if you know how to diagnose a market that may be in […]

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Is Another Boom Going to Bust?

The Canadian real estate market has been very strong for a long time. Continued rising prices would appear to be unsustainable, as they can’t continue indefinitely. We learned that lesson in Arizona when our real estate boom busted. But Canadians claim that scenario won’t happen there. Do they know something we don’t, or are they […]

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Foreign Ownership in U.S. Skyrockets!

The numbers are in, and non-U.S. citizens continue to pour money into real property purchases. According to the National Association of Realtors®, international purchases of residential property are up by $16 billion over the equivalent period in 2009-2010. This is according to the NAR’s 2011 Profile of International Home Buying Activity. According to the report, […]

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U.S. Real Estate Deals Just Got Better

Once again the value of the Canadian dollar has skyrocketed. On February 28 it rose to almost 1.03 dollars U.S. This means Canadians will get more for their money when buying real estate in the U.S. The Canadian Press (www.thecanadianpress.com) reported that the closing value of 102.94 Canadian cents to the U.S. dollar is a […]

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Canada’s Real Estate is Up, Up, Up!

In the midst of more news about the continuing struggles of the U.S. home market, the news from Ottawa last week is that Canadian home prices rose 1.3 per cent in May, their largest monthly gain since last September. On an annual basis, prices rose 13.6 per cent and are now 4.2 per cent higher […]

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Canadians Buy the Most U.S. Real Estate

Once again the latest numbers show that Canadians bought more U.S. properties than the citizens of any other country in the U.S. last year – almost one-quarter of the real estate purchased by citizens of other countries in the United States. A few blogs ago I discussed the participation of foreign buyers to our national […]

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Canadian Currency Update

My last two blogs covered the favorable influence foreigner have had on our Phoenix/Scottsdale area and national real estate market. I discussed the positive impact the exchange rate makes to my fellow Canadians when purchasing here. I wrote that favorable currency exchange rates should mean that Canadians will continue to buy more of our property, […]

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Will Foreign Buyers Buy in Arizona (Part 2)?

Last blog I discussed the participation of non-U.S. citizens in our real estate market. Foreign buyers have traditionally been a significant part of the residential market in select states. Arizona has been one of those favored states, and should be even more attractive in the future. This is because the large decline in metropolitan Phoenix […]

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Will Foreign Buyers Save Us?

Long before our latest market struggles, there has been a history of foreign buyers for U.S. residential and commercial real estate. But figures from the 12-month period ending the first half of last year show that nationally, international investors bought 10 percent fewer homes and condos compared to that same period the year before. It […]

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Canadian Resources for you, eh?

Are you a Canuck living in the United States? Are you from the U.S. and thinking of going to Canada for the Olympics or for a vacation? Are you a Canadian visiting on an extended basis here (are you a snowbird?) Or do you have dual Canada-United States citizenship like me? Whatever your Canadian connection […]

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