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Canadian Retirees Find Luck in Real Estate in Valley of the Sun

The fact that so many Canadians are looking for real estate investments in Arizona should be an indicator that real estate in the area is recovering. And of course it shows that Canadians are very familiar with why now is the best time to buy. If nothing else, there are some surprisingly good bargains and returns on investment, especially in Phoenix right now. Phoenix real estate costs are at their lowest point in about a decade. Also, the Canadian dollar is gaining. If you are Canadian and planning to retire, you would never pass up this opportunity.

Canadians recently beat out Californians as the number one out-of-state real estate investor in the Phoenix area. You’ll usually see the Canadian flag along the houses in San Tan Valley in Mesa. The Canadian dollar has been on the rise, going from an average of 80 cents per US dollar to 97 cents. Meanwhile, property prices in the location are down about 50 percent from their peak in 2007.

Lenders generally do not offer financing since Canadians do not have a credit history in the US and you cannot borrow from Canadian lenders on property in the United States. However, there is now a growing number of property management services and real estate firms targeting Canadian investors. These stores were developed to help Canadians who want to buy homes in Arizona. So if you’re looking to retire in the area, it’s much easier to do so now.

Aside from the simpler process provided to Canadian homebuyers, there are many more advantages to retiring in places like Phoenix and Scottsdale. Let’s not forget the forgivable weather. Some Canadians make this their main reason for wanting to retire in Arizona, along with the ridiculously low price of course.

While it’s a bit chilly in Arizona, frosts are rare and, if they do occur, they are extremely short-lived. Winter evenings will only require winter light or fall attractions at most. Full sunlight encourages a wide range of flowers and plants to bloom even during the winter. The valley is full of life even in the coolest times of the year.

For sun lovers, Arizona is the place to be. But if you are not very fond of heat, most establishments and homes in the area are equipped with air conditioning. Even stadiums have that. Another way to cool off is to head to Flagstaff or Payson, both of which are dotted with pine trees.

Golfing in Arizona is particularly a favorite among locals and foreigners alike. Southwest Scottsdale and North Mesa offer a wide range of landscapes and views, be it nature or city lights. Retiring in such places is definitely paradise. Not only can you enjoy golf, but you have many other options in Arizona. Gilbert is a well populated place with all the restaurants and shopping malls for those who are also looking for a bit of excitement here and there.

You may be lucky enough to retire in Arizona if you start looking now. Find a Phoenix real estate agent who is prepared to commit to working with you full-time and become your personal guide to Arizona real estate.

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