Throughout the discussion, we assume that Michael and Mary are Canadian citizens and residents who plan to buy a property in Phoenix Arizona. In this example, Michael and Mary are looking at buying a house for $100,000, and have a total net worth in Canada of $4million, including their home, investments, RRSPs, and life insurance.
Why is Arizona a good place to live in the winter?
Beautiful, dry and sunny Arizona offers some of the Southwest’s most dramatic scenery and has long been a snowbird destination for thousands of Canadians each year, many of whom have purchased winter homes here or travel by RV each winter. Winter residents are big business in Arizona, contributing millions to the state’s economy.
How many Canadians visit Arizona in a year?
Arizona saw nearly 1 million Canadian visitors in 2018, according to the Phoenix-based Canada Arizona Business Council. Combined, they annually spend more than $1 billion. Canadian renters and homeowners in Arizona contribute an additional $1.4 billion annually, according to the council.
When do Canadian snowbirds come to Arizona?
This has left snowbirds racing the clock to fly or drive home to Canada from their warm months in Arizona. Snowbirds typically arrive as early as October and return north by the end of April.
Can a Canadian purchase a home in Arizona?
Generally speaking it will take you less time and it will cost you less money to purchase a property in Arizona. You won’t need the services of an attorney in Arizona as all the paperwork is handled by a licensed escrow officer. You can also complete the transaction from Canada as all the paperwork can be emailed or sent by UPS or Fedex.
How much money do Canadians spend in Arizona?
Over 1,000,000 Canadians visit Arizona every year spending $1 billion dollars. Canadian snowbirds own or rent over 100,000 properties in Arizona and spend an additional $1.4 billion dollars during an average 4 month stay bringing total Canadian tourism to $2.4 billion.
Are there any real estate communities in Arizona?
Arizona is home to some of the world’s most beautiful residential communities offering high end services and 5 star amenities! Canadians own thousands of real estate properties across Arizona providing a relaxing getaway from the cold Canadian winters.
