Skip to content

Call Us Today
(520) 877-2656

  • Home
  • Sales
    • 1st Quarter Sales
    • 2nd Quarter Sales
    • 3rd Quarter Sales
    • 4th Quarter Sales
  • Leases
  • Advertise
  • Subscribe
  • Listings
  • Login
Menu
  • Home
  • Sales
    • 1st Quarter Sales
    • 2nd Quarter Sales
    • 3rd Quarter Sales
    • 4th Quarter Sales
  • Leases
  • Advertise
  • Subscribe
  • Listings
  • Login

Internationally Owned CRE in Maricopa is 90% Canadian-Owned

  • Home
  • Archive
  • Internationally Owned CRE in Maricopa is 90% Canadian-Owned
Archive
/
September 16, 2014
/
Karen Schutte
image_pdfimage_print

Canada arizonaPHOENIX, AZ -- The Maricopa Association of Governments unveiled the following data on Canadians doing business in the Greater Phoenix area at the Canada Arizona Business Council meeting held at Silverleaf in Scottsdale Arizona last week.

Canadian residents account for 93% of all internationally owned residential property in Maricopa County (Greater Phoenix) worth $4.8 billion. Of the 1.2 million residential properties in Maricopa County 31% are owned as winter homes or by investors. Of these, 5.8% are internationally owned and Canadian residents account for 93% of the internationally owned residential properties.

Canadians also account for 90% of all internationally owned nonresidential (commercial) properties in Maricopa County (Greater Phoenix) worth $7 billion. Average assessed value per property is $764,451. The 2,034 nonresidential properties in Maricopa County owned by Canadians in 2014 accounts for over 6,000 acres, with 1,810 properties (89%) of these commercial properties owned by Alberta and British Columbia residents.

In addition to this, there are 275+ Canadian owned companies in Maricopa County, with 13,400+ employees.

The trends show moving from residential property purchases to commercial, combined a $12 billion investment. This doesn’t include money spent in the areas such as furniture cars, grocery, gas, restaurant spending, etc.

For the full version of this new report please go to the Canada Arizona Business Council website www.canaz.net or to go directly to the slide presentation of Sept. 12, 2014 click here:CABC_Presentation-09-12-2014 [Compatibility Mode]

Share Now!

Recent Posts

  • Office Condo in Tanque Verde Place Sold to be owner-occupied
  • West Valley Retail Demand Brings Phoenix’s Agua Fria Plaza to 100% Leased
  • Free spay and neuter event offered Oct. 20-22 for community cats
  • Marcus & Millichap Negotiates the Sale of Ocotillo Oasis, a 42-Unit Apartment Property in Glendale, Arizona
  • California Investor Buys Shoppes at Mirador Square

Archives

Newsletter

  • 1st Quarter Sales
  • 2020 SoAZ Forecast Competition
  • 2nd Quarter Sales
  • 3rd Quarter Sales
  • 4th Quarter Sales
  • 5905 East Speedway Blvd, Tucson, AZ
  • Account
  • Advertising
  • Annual Site Access Conditions
  • Archives
  • ASP Test
  • displaycomp
  • Executives Prefer CCIM
  • HELP WANTED
  • Home
  • Ina Capital Development
  • Link Page
  • Login
  • MARKET LEADERS – CCIM DESIGNEES
  • Newsletter Subscription
  • Pima County Real Estate Research Council
  • Privacy Policy
  • RED Comps Terms and Conditions
  • Red Leases
  • Registration-Login
  • rss
  • Sample RED Comps
  • Search Comps
  • searchanalytics
  • searchmapselection
  • searchresults
  • searchshortreport
  • SearchTool
  • Southgate Commerce Park
  • Subscription
  • Team Management
  • Terms of Service
  • Test
  • Test Comp Search
  • Thank You
  • Thank You For Subscribing
  • www.realestatedaily-news.com Privacy Policy
  • About Real Estate Daily News

Copyright © 2023 Real Estate Daily News
Website by: Heart and Soul Web Design

Scroll to Top