CANADIANS, INVESTORS POISED TO CASH IN ON PHOENIX HOUSING RECOVERY
Canadians and institutional investors who bought Valley homes at the bottom of the market could be poised to start selling and make a windfall. The market has turned for several reasons, including exchange rates between the U.S. and Canadian dollars that have those north of the border looking to unload their properties. According to a report in the Arizona Republic, nine Canadians are selling homes in the Valley for every one that is buying them.