Canadians Snap Up U.S. Properties

[Rickson9]

Phoenix saw the largest numeric increase during that time frame, adding 25,288 people for a total population of 1,660,272.

This is the third year in a row that more people moved to Phoenix than any other city in the country.

https://amp.azcentral.com/amp/1204621001

 

[Rickson9]

Blast from the past:

“These are the best buying prices I have ever seen for U.S. houses," declares Bob Keats, a financial planner since 1981 and author of The Border Guide: A Canadian's Guide to Living, Working and Investing in the United States

https://www.theglobeandmail.com/glo...alls-of-buying-us-real-estate/article1319161/

 

[Rickson9]

Build-to-rent housing market explodes as investors rush in

The build-to-rent business is growing fast, with several companies, including big names, dipping into it. Toll Brothers recently announced a $60 million investment in a joint venture with BB Living, a build-to-rent company based in Phoenix.

“We’ve got clients, multiple, well over a couple billion dollars worth of capital looking to place in this space,” said Michael Finch, executive vice president at SVN/SFRhub Advisors, a new Phoenix-based commercial brokerage firm focused on single family rental and build-to-rent investment portfolios. “They are looking to acquire 5-6,000 homes in the next two years.”

https://www.cnbc.com/2019/06/26/sud...ingle-family-housing-market-is-exploding.html

 

[Rickson9]

Apartment rental demand soars as more millennials believe it’s cheaper than owning a home

“The metrics that we’ve seen this year have been off the charts,” said Toby Bozzuto, CEO of The Bozzuto Group, which currently has over a billion dollars worth of residential, Class A construction in the works across the North and Southeast. Bozzuto’s Chevy Chase development will offer 530 residential units comprised of 466 apartments, 64 condominiums and over 100,000 square feet of retail and restaurants. It is also connected to a metro rail line, which is exactly what today’s renters — both millennials and downsizing baby boomers—want.

https://www.cnbc.com/2019/07/08/ren...ennials-say-its-cheaper-than-owning-home.html

 

[Rickson9]

Arizona ranks No. 2 In U.S. for year-over-year job growth

This growth was driven by hiring in the education and health services (23,200 jobs), construction (18,200 jobs) and professional and business services (13,500 jobs) sectors.

More than 300,000 new jobs have been added since 2015 and Arizona is projected to add another 165,000 new jobs by 2020.

https://azbigmedia.com/business/jobs/arizona-ranks-no-2-in-u-s-for-year-over-year-job-growth/

 

[Rickson9]

Signs point to reheating in housing market as home price gains stop slowdown, S&P Case-Shiller July index says

The hottest cities for home price appreciation were Phoenix, Las Vegas and Charlotte, North Carolina. Home prices in Phoenix rose 5.8% year over year. In Las Vegas, they were up 4.7%, and Charlotte saw a 4.6% increase.

Overall, home price gains are strongest in the Southwest (Phoenix and Las Vegas) and Southeast (Charlotte and Tampa)

https://www.cnbc.com/2019/09/24/home-price-gains-stop-slowdown-in-july-sp-case-shiller-index.html

 

[Thomas Beyer]

Good Morning,

I'm new to the forum, I was wondering if someone might be able to answer this question for me.

Being an investor in Canada, would I be able to move to the united states, to continue my business there, considering that wholesaling across the united states is exponentially easier, with more tools available to find available properties.

If so, what steps would need to be taken, so that I could be able to relocate, and continue my business in the united states?

Are you looking for visa and immigration advice?

Or are you looking to do it as a Canadian living in Canada with occasional trips to & multi-week stays in the US?


Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor www.prestprop.com

 

[Rickson9]

The hottest housing market of 2019

Whether you’re looking to buy or rent, Phoenix has always been seen as one of the more desirable and affordable U.S. metro areas.
But this year home prices along with rents have surged in the Valley of the Sun at a rate that has outpaced the nation and other major markets. Phoenix’s strong job market, proximity to more expensive housing markets in California and dry, warm climate have made it the hottest housing market of 2019.

And it’s not just home prices. Rent has also been rising faster in the city than elsewhere in the U.S. Phoenix led the The CoreLogic Single-Family Rent Index, which looks at rent price change nationally and among 20 metro areas, for 11 straight months. In October, the city posted the highest year-over-year increase at 6.8% — far outpacing the national annual increase of 3.1%.

“Since we’ve been tracking migration in 2017, Phoenix has been among the top of the list,” said Daryl Fairweather, RedFin’s chief economist, adding that most people come from Los Angeles and other California cities, where housing is more expensive.
The nation’s fastest-growing U.S. county is also situated in Phoenix. For the third consecutive year, Maricopa County, Arizona’s most populated county, was the fastest-growing from July 2017 to July 2018, according to U.S. Census Bureau data released this year.

https://finance.yahoo.com/news/phoenix-the-hottest-housing-market-of-2019-133346968.html

 

[Rickson9]

Phoenix was the most favored destination for potential homebuyers in the second quarter, during which time the net inflow of users to the city hit 9,428. The net inflow is how many more people are looking to move to the area than leave it.
Phoenix in-Migration

 

[DEWDROPS]

Phoenix was the most favored destination for potential homebuyers in the second quarter, during which time the net inflow of users to the city hit 9,428. The net inflow is how many more people are looking to move to the area than leave it.
Phoenix in-Migration

Are you still buying in the US? Get mortgage or all cash?


Sent from my iPad using myREINspace

 

[Rickson9]

QUOTE (Rickson9 @ Aug 14 2010, 11:44 AM)

I wish you all the success with your U.S. real estate investing. It is not for me.
The complexities of U.S. immigration law and tax laws and local real estate laws require too much of my time to bother with.

The risk of ever increasing mortgage defaults and foreclosures pulling down real estate values even further is too high.

Many Canadian corporations thought that they were smart taking over U.S. business concerns. Most fell on their face. Robert Campeau comes to mind and so does Jean Coutu and many oil and gas companies. Too many to count. The U.S. is fiercely competitive and if things don`t go in their favour, they are very good at making new laws to turn things to their advantage afterall. Look at the public outcry when some middle eastern countries were trying to buy some port facilities. Or look at when the Chinese were trying to buy Unocal.

Have you ever sold one of your U.S. properties and repatriated the proceeds? Just try and see how profitable it all is.

Why take all that sh...t (too many dots) when you are having one of the best real estate markets laying at your feet? Canada, in particular Alberta and Ontario (Canada`s top 10 investment towns).

I started making videos about financial literacy on social media this year and have 60,000 followers

I’m going to enjoy featuring this post and some of the other dumb things that were said about my US RE investments when I created this thread

How are those 2010 Alberta RE investments doing? I’m willing to bet that I did 10x better

 

[DEWDROPS]

I started making videos about financial literacy on social media this year and have 60,000 followers

I’m going to enjoy featuring this post and some of the other dumb things that were said about my US RE investments when I created this thread

How are those 2010 Alberta RE investments doing? I’m willing to bet that I did 10x better

Mind sharing any link to those videos?