Canadians selling more homes than they are buying in Phoenix area

By Catherine Reagor | The Republic

Oh, Canadians, why aren’t you buying more homes in metro Phoenix?

Our neighbors north of the border are spending a record amount on U.S. houses, but their pace of purchases hasn’t picked up much in the Valley.

Canadians spent about $19 billion on American homes during the past year, says the latest National Association of Realtors report. That’s more than double the $9 billion they spent during the 12 months that ended in April 2015.

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