Canadians buying real estate in Arizona
SCOTTSDALE - When Matt Horton's cellphone rings these days, it's often from someone north of the border looking to buy one the luxury homes he lists with Realty One Group.
As if on cue, Horton receives a text message, then holds up his phone and chuckles. Another Canadian.
"What happens is word of mouth starts spreading up there," he said. "Everybody and their mother has a place down here."
A strong Canadian dollar and Arizona's depressed housing market have created an opportunity for Canadians looking to capitalize not just on the exchange rate but a strong economy back home.
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