Tag: investing

Investors Flock to Phoenix Metro Area

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Canadians seeking a winter reprieve should look no further south than Phoenix. According to Realtor.com, the Phoenix-Mesa-Scottsdale area is ranked as the number 1 housing market for 2017.

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These figures are based on price and sales gains. The Phoenix metro area is expected to jump 5.9% in price and sales growth is expected to exceed 7.2%. Canadians who are looking for a second home somewhere warmer will find Phoenix the perfect place to be. Investors seeking a sound investment will find Phoenix to be an up and coming location, as more and more businesses move to the valley of the sun. More than 65,000 jobs have been added in 2016; a number that is expected to grow in the new year.
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According to Forbes, investing in Arizona no longer means dubious retirement projects in the desert. Jobs are being added at twice the national rate- many of them in healthcare, retail, and the large finance sector. The company believes home prices in the Phoenix Metro Area will increase by 25% over the course of the next three years, which means investors shouldn’t wait if they want to buy properties. Rentals will be increasing, as more and more company flock to Phoenix, and new employees look for living accommodations.

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