PHOENIX, 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]