Recent Posts: Canada and Canadians

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Canadians still love the U.S.

Overnight travel by Canadians to the U.S. for business and pleasure increased each month during the eight months prior to May 2017. And between Jan and April of this year, Canadians made 4.8 million non-business trips to the U.S., an increase of 6.3% over the same period in 2016. The increase in April alone over […]

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Canadian Home Searches Spike.

Homes.com® reports that a dramatic surge in location-based home searches for Canadian destinations occurred in response to the U.S. presidential election. Starting Tuesday evening, as state by state results began to come in showing Trump ahead, Canadian home searches increased by the hour. If you’re thinking of moving to my home town of Toronto or […]

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New Canadian Entry Rules.

Starting November 10, 2016, all air travelers will need to have certain documents to travel to Canada before they can board their flight. American citizens will have to have a passport and meet the basic requirements to enter Canada. Canadians, including dual citizens, will need to show proof they are Canadian citizens through a Canadian […]

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Canadian Travel Campaign Lures U.S. Visitors.

The Connecting America tourism campaign (http://tiac.travel/ConnectingAmerica.html) is Canada’s latest effort to attract more American visitors. The U.S. is Canada’s largest inbound tourism market, representing approximately 70% of overnight tourists to Canada. Other notable examples to strengthen Canada’s tourism sector included campaigns to increase awareness for the 100th anniversary of the Calgary Stampede rodeo, to boost […]

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More Chinese, Less Canadians.

U.S. real estate purchases by Canadians used to lead the way in U.S. international sales, but that’s not the case anymore. Chinese buyers represented 45% of all purchases totaling $27 billion in sales, followed by Canada ($8.9 billion), India ($6.1 billion) the U.K. ($5.5 billion) and Mexico ($4.8 billion). As a result, the dollar volume […]

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Canadians Love the Islands.

Trailing Japanese buyers, in 2014 Canadian buyers became the 2nd largest foreign investors in Hawaiian real estate — investing some $165 million in Hawaiian properties. It remains to be seen whether the dramatic drop in the value of Canadian currency is likely to bump Canadians down from second on the list for 2015 and 2016.

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When a High Dollar Hurts.

The contribution of international purchasers to our real estate market is highly dependent on currency fluctuations, and the strong dollar is keeping foreign buyers away. Particularly hurt are Canadians, whose currency is worth around 60-65 cents U.S. Taking their profits, last year more than twice as many homes were sold than bought by Canadians in […]

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Phoenix Area in Top 10.

For the first time the Phoenix area appeared as one of the top 10 areas for foreign commercial investment. Last year a couple of large purchases by Artis REIT, a Winnipeg, Manitoba company, helped push the Valley of the Sun into the record books. Besides Canadians, purchasers from Europe, the Middle East and Asia were […]

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Did you Know?

Water (USA) Inc. is a wholly owned subsidiary of Edmonton, Alberta-based EPCOR Utilities Inc. Water (USA) builds, owns and operates water and wastewater treatment facilities in the Southwest, servicing 22 communities and 7 counties in Arizona and New Mexico. Headquartered in Phoenix, it employs approximately 265 workers. Go to corp.epcor.com/watersolutions/operations/Pages/epcor-water-usa.aspx for more info.

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Charting Canadian Home Buyers.

Home buyers from Ontario – my home province – have traditionally been the most active home purchasers of east coast U.S. homes. Ontario is located roughly above New York to Minnesota, so its logical that its residents would be oriented towards Florida and the other south-eastern states. In the Phoenix metropolitan area, western Canadian buyers […]

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Loan Options for Global Buyers.

U.S. lenders will loan to international purchasers, but there are significant limitations. For example, the list of “qualified foreign nationals” is usually restricted to Canadians, Aussie’s, and other English speaking former U.K. colonies. The good news is that U.S. credit or a U.S. Social Security Number is not required. The typical requirements include: Must be […]

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The Top 10 Sources for Non-Arizonan Buyers.

Wonder where the people who buy in Arizona come from? With the exception of San Diego, since May 2012 the top 10 buyer sources for those living elsewhere all have cold winters. Which answers the question of why they purchase here – to escape the weather there. Albertans and people from inland northwestern U.S. appear […]

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Canadians – Where art Thou?

The number of Phoenix metro area homes bought by Canadian buyers has dropped by at least half compared to last year. As an example of how that trend has progressed, according to Mike Orr of ASU less than 1% of homes were sold to Canadians in August, 2015. A few years ago that percentage was […]

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We Love the Frozen North!

America’s favorite country is Canada. A survey conducted since 1974 by the Chicago Council on Global Affairs asked about feelings for other countries — with 1 being the lowest, and 100 being the best.  Canada came out with a top score of 79%.  Britain was next, at 74%.  Germany, Japan and France all scored in […]

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Canada still the top U.S. trade partner

For many decades Canada has been the largest importer of U.S. goods. Currently Mexico is 2nd and China comes in 3rd. But in the next two decades, China is expected to top Mexico as the second largest trading partner. That is because China’s share of U.S. exports could more than double over the next 30 […]

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