OH CANADA!

During July, a total of 31 Maricopa County homes were purchased by Canadians. That is the lowest sales total in 10 years and represents only a .035% share of the market. With the current strength in the dollar, few foreigners are venturing into the Phoenix market to buy. During the same month of July, 167 homes were sold by Canadians, so we now see sales outnumber purchases by over 5 to 1.

The net change of -136 Canadian owners contrasts strongly with the last several years:

  • July 2016 -136
  • July 2015 -108
  • July 2014 +12
  • July 2013 +78
  • July 2012 +223
  • July 2011 +307
  • July 2010 +310
Source: Cromford Report

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