Arizona Mortgage Guru » Phoenix Real Estate in Canadian Dollars

The Phoenix, Arizona area is an attractive real estate market for Canadians. Not only did our Governor just recieve a commitment from a Canadian company to expand its operations here, but with the fall of the American dollar homes in Phoenix just got a whole lot cheaper.

Just to illustrate this dramatic fall, I have graphed what a $250,000 home in Phoenix, Arizona would cost in Canadian dollars. This chart plots prices from the beginning of the year (2007).

us-home-in-canadian

The maximum price was $296,350, reached on February 9 and we just hit bottom at $241,825 on October 21st. That is a 18.4% fall from the peak! Stunning.

It’s going to start snowing up there in Canada really soon. So just hop on a plane and come on down to catch some sun and see some real estate! You’ll be sure to find lots of bargains!

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Tags: canadian dollars, currency, Real Estate
Categories: Arizona, Phoenix, Real Estate

7 Responses to “Phoenix Real Estate in Canadian Dollars”

Jessica Bennet wrote a comment on October 31, 2007, 8:26, am

That’s a pretty good fall in home prices. Hope the real estate market and also the mortgage industry in Arizona makes some good business.

Shailesh Ghimire wrote a comment on October 31, 2007, 8:30, am

Jessica,

It sure is. One thing that people don’t see is that once the dollar becomes stronger they make instant money. So, the currency fluctuation can be in their best interest.

Arizona Mortgage Guru » Fed Cuts Interest Rate by a Quarter sent a pingback on December 11, 2007, 11:44, am

[...] further erode the dollar against the major currencies (making Arizona real estate even cheaper for Canadians, British and Europeans). According to Bloomberg: The Federal Reserve cut its benchmark interest [...]

Financing Options for Canadians Buying US Property | The Phoenix Real Estate Guy sent a pingback on January 27, 2008, 11:01, am

[...] are many reasons to buy real estate in the United States. If you’re Canadian, parity of the two currencies (USD and CD) could be one of them. While [...]

bern wisner wrote a comment on April 7, 2008, 10:02, am

i have a beautiful 1440 sw ft manufactred home for sale in sun lakes, a 55+ community, nicely furnished for only $169,000. how can i contact the canadian market without going through hundreds of realtors?

bern wisner

Shailesh Ghimire wrote a comment on April 10, 2008, 10:51, am

Bern,

I guess you could set up a webpage and market it through some networking. I really wouldn’t know where to start when it comes to marketing properties. I guess that is why I always get a listing agent.

Jack Cando wrote a comment on April 12, 2008, 7:04, pm

Hi,
Can you give me some more detais on:
How can Canadian buy house in US but not working in US?
Any residence concern?
Thanks!