More Canadians than ever are considering buying Phoenix, Arizona investment properties for use in the winter months. Falling U.S. real estate prices and a rising Canadian loonie has created a unique buying opportunity for Canadians looking for property in the U.S. Sunbelt. Last year in 2008, Canada became the largest foreign real estate investor in the U.S. 23.5% - double its percentage from the previous year!
Crossing the border however, and engaging in a financial transaction, such as purchasing a Phoenix, Arizona home for personal or rental usage can carry legal and tax implications both in Canada and U.S. Before heading down the path on the road to acquiring a Phoenix, Arizona investment property - we strongly suggest that you consider adding several of the following recommended books to your library and select an Arizona real estate agent like The Share Team that specializes in dealing with Canadians.
