The Pepper Group

5845 N Calle Tiburon
Tucson, AZ 85704

(520) 977-0003


International Real Estate Investors in Arizona

Arizona is also known as Grand Canyon State and is one of the most popular states in the United States. Tucson is synonymous with beauty and is better known for its breathtaking landscapes, pristine rivers, thick forests, high mountain ranges, lush green grasslands and perfect weather. Southern Arizona has thus become a popular destination for holiday, investments, retirement and relocation.

As a result, Arizona boasts of a booming real estate industry and is popular among both local and foreign investors. The Arizona real estate market is highly competitive and has a wide range of options to invest in.

Starting from elegantly decorated homes and luxury houses to buildings and apartments, Arizona has everything it takes to lure international real estate investors. Being such a popular state, most real estate investors consider Southern Arizona as a safe bet to invest in.

The State of Arizona has witnessed record appreciation levels and is an excellent market for the international real estate investors. Whether a single-family home, a retirement property or a rental apartment, each investment has the potential to yield high returns on your investment.

Arizona is regarded as a visitors paradise, with the number of tourists growing each year and has become one of the world's hottest tourist destinations over the last few years. The myriad of recreational activities such as fishing, hiking and horse riding that you can enjoy in beautiful Tucson, Arizona are responsible for the increase in the number of visitors to Arizona. The growing number of international investors has opened unlimited avenues for real estate investments, as tourists coming for a long stay are always on the lookout for vacation purchases and rentals.

The migrating population from different countries of the world is increasingat record numbers. People are tempted to migrate to Southern Arizona due to its low cost of living, favorable climate and relatively low taxes. These are also the major reasons why various businesses have shifted their base to the State of Arizona. As a result, there is a constant demand for real estate properties in Tucson. If you have the resources to buy a second home, your chances of getting a handsome rent for your property are very high.

Arizona is also famous for sports and entertainment, attracting retirees from every part of United States and especially snowbirds from Canada. This has led to an increased demand for custom-built homes that are built around spas and resorts. Since Arizona is particularly famous for golf and baseball, you will find a number of sports enthusiasts settled in Southern Arizona to pursue their favorite sport. The State of Arizona also excels in the field of education, with some of the best colleges and universities located here. Real estate in Arizona is reasonably priced to suit every pocket.

The ever-increasing international demand for Arizona real estate is responsible for the high appreciation rate of properties in the State of Arizona. Whether you have a single-family home in the downtown area or a business property in upscale area, your real estate investments in Southern Arizona have high profit potential.

You can get the latest International Investor's Buyer Packet about the Tucson and Southern Arizona areas by contacting us at: (520) 977-0003 or

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Canadians Snapping Up American Homes

By Chris Kahn, Arizona Daily Star

Two hours after his flight landed in Arizona, Calgary resident Mr. Farley already was cruising the city's vast stuccoed suburbs in search of the one attraction Canadians can't seem to get enough of these days, cheap homes.

There are thousands of them here: almost new, unoccupied and dropping in value. The mortgage meltdown, combined with a surging Canadian currency, has Farley -- and many of his countrymen -- dreaming of winter golf on grass that's always green.

"My dollar's the same as your dollar, finally," Farley said, grinning as he peered through a pool fence at a sparsely populated condominium complex in an Arizonan suburb.

For moderate-income Canadians like Farley, the race is on to take advantage of the "loonie," which in September reached parity with the U.S. dollar for the first time since 1976. Many are combing the Internet for anxious American home sellers and looking with an investor's eye at the condos they rented while on vacation in sunbelt states.

"Now it's more than just the snowbird coming down and staying in a condo. It's people looking for business opportunity," said Mr. Nero.

Canadian condo-builder Solterra Group of Companies also is riding the surge in the Canadian economy as it plans to snatch large chunks of land. Michael Bosa, the company's vice president for development and acquisition, said the loonie has bolstered his company's bids.

"We're looking now aggressively," Bosa said. "We think we'll see more opportunities in the next six to eight months."

In Arizona, Jason Sirockman of Edmonton, Alberta, said he watched as home owners flooded the market with 58,000 homes, more than twice the amount in 2005 when home values peaked.

Now's the time to buy, he said. Alberta, a three-and-a-half-hour flight from Arizona, is experiencing a modern-day gold rush from booming work in its vast oil sands.

"Fifteen of my friends are on buying trips down here, and we're all cheap," Sirockman said. He brought his family to Arizona this month while he submitted a lowball all-cash offer for a three-bedroom home.

"I don't want to take advantage of a guy who's having trouble in the market and is losing his shorts," Sirockman said. "But I have no problem with a guy from California who bought on spec and has five houses in Arizona and never lived in them."

Single family homes and condos in the Arizona metro area now sit an average of 99 days before getting sold. That's three times the wait for homes and four times the wait for condos compared with two years ago, according to the Arizona Regional Multiple Listing Service.

The market has shifted totally in the buyer's favor, especially those offering cash, said Jeff Russell of Alberta. Last month, Russell snapped up a patio home next to a golf course in Arizona with a $299,000 check. It was listed at $463,000.

"I was actually going to come down here and buy a seven-series BMW because cars are ridiculously cheap here," he said. "But I discovered that, forget cars, houses are on deep discount. I could never get anything on a golf course as nice in Canada for this type of money."

Real estate agents in Arizona, especially those with Canadian ties, are hustling to reach potential buyers up north while the American housing market and the U.S. dollar continue to slump.

Rick Morielli, a former real estate broker from Toronto, received his green card in November, posted a Canadian realty Web site, took out some newspaper ads in Canada, and already he has about a dozen clients looking for homes.

"There's a real 'Wow' factor here for Canadians," said Morielli, who now lives in Arizona.

"When I take them to a brand new subdivision, and for $210,000 can get them four bedrooms, 2,000 square feet, all appliances, brand new, that's something they haven't been able to buy in Canada for 10 or 15 years. In my opinion, everyone should be buying now."

Mark Dziedzic, a former financial planner from Toronto, now sells homes full time in Arizona and holds seminars in Canada to push the American housing market on fellow Canucks. Dziedzic said he's had to hire more staff at his office to keep up with the influx of Canadian investors.

"When (the Canadian dollar) hit a dollar ten, it really created a real buzz for Canadians, not only those looking to buy second homes but we're also seeing it from buying purely from an investment standpoint," Dziedzic said.

Still, with so many homes on the market, the interest by Canadians isn't about to fix the housing slump in Arizona, real estate consultant Elliott D. Pollack said.

"You have a massive oversupply in the face of a lower demand," Pollack said. "And you're going to have to work off those excess units. And to do that you'll need two or three years."

That's fine with investors like Farley, who are still learning the neighborhoods.

As he searched for his new winter home, Farley kept an eye out for condos near a pool. When it got cold in Calgary, that's where his family would be.

"I just want the ability to go outside, you know, the ability to go for a walk," Farley said.

You can get the latest International Investor's Buyer Packet about the Tucson and Southern Arizona areas by contacting us at: (520) 977-0003 or

Canadian Dollar's Strength Attracts Investment in United States

By Russ Wiles, The Arizona Republic

That "loonie" sure isn't a dodo any more.

The Canadian dollar which features a colorful bird nickname used to be a butt of jokes back when it didn't buy much U.S. currency.

But with a sluggish American economy and escalating prices for Canada's resource-rich exports, there isn't anyone laughing at the exchange rate anymore.

The Canadian currency has turned the tables, emerging as the stronger of the two dollars. Just five years ago, it was worth just 62 U.S. cents; now the Canadian dollar has climbed to over $1.03.

The new reality means big changes for places like Arizona, where Canadian snowbirds and tourists are finding that their money is stretching further and Canadian companies now see new opportunities to relocate and invest.

Consider: Gov. Janet Napolitano is in Canada this week for a trade visit, and a Phoenix luncheon earlier this month sponsored by the Toronto Stock Exchange attracted more than 200 people interested in cross-border investment opportunities.

"It's a great environment for business people to move back and forth," said Glenn Williamson of the Canada Arizona Business Council, a Phoenix organization that promotes bilateral trade. "Canadians come down here, spend some time and then start up companies."

Making the Move

Cameron Robb can speak to that. He's the co-founder and chief executive officer of a company that makes several pet-oriented products, including a cellphone-tracking collar to locate lost dogs. He started visiting Arizona five years ago with an eye toward setting up shop here.

It became a reality earlier this year, when Robb established an Arizona office for his firm, PetsMobility, bringing his family from Vancouver.

"The dollar has been very important in our move," said Robb, who also factored the Arizona lifestyle, transportation connections and more into his decision. "It's cheaper all around to do business here."

Brad Nightingale moved with his family to Arizona during the past summer. He's the president of a firm that bought the commercial distribution rights to a device that uses GPS technology to help golfers determine yardage distances on courses. His firm is called GolfLogix Systems.

"If the Canadian dollar was still at 65 cents (U.S.), I wouldn't have done it," he said of the decision to move south.

Canada long has been America's top trading partner and ranks as the No. 2 destination for Arizona exports. Some 178 Canadian firms operate in Arizona, said Williamson, who predicts the currency shift will spur more investments here.

Real Estate Attractive

With the loonie stretching further against the greenback, it's reasonable to expect more Canadians will buy real estate too, helping the state's adjusting housing market.

"The strong Canadian dollar and the solid Arizona real estate market offer a real buying opportunity," said Robert Keats of Arizona financial-advisory firm and author of The Border Guide, a book that helps Canadians considering a move to the U.S. figure out the financial ramifications of doing so.

"We've noticed a huge increase in Canadians interested in retiring to the U.S.," said Keats, who predicts the impact will be more visible next year.

Williamson believes the weak greenback also is encouraging working Canadians and entrepreneurs to make the move, citing the roughly 500,000 who gain exposure to Arizona by visiting the state as tourists each year.

Robb, 37, moved with his wife and two children from Canada earlier this year.

"The currency situation made our decision to come down as a family unit easier," he said.

You can get the latest International Investor's Buyer Packet about the Tucson and Southern Arizona areas by contacting us at: (520) 977-0003 or

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5845 N Calle Tiburon
Tucson, AZ 85704
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