Why Should I know about Canadian Finance if I’m a Realtor?


Posted By : expresscapitalmtg 0 Comment

It is the beginning of a new year and everyone around you is making new year’iStock_000020008559Larges resolutions.  All the old standbys are there…I am going to work out more…I’m going to eat healthier…I’m going to  stop eating an entire large pizza by myself when I have the chance.  OK maybe that last one is mine, but you get the picture.  Instead of making a resolution which will probably get broken anyway.,.how about taking some quick and useful information from here and promising yourself to apply it at least once the remainder of the year.  Not really to much to ask and it’s healthier than eating an entire pizza.

As a Realtor you are always looking for ways to drum up business.  Times recently have been slow but we all are beginning to see a turn around in the market but more business is never a bad thing. Go back through your book of business and reach out to the Canadian clientele you have worked with or spoken to in the past and let them know you surprised and excited that you just found out that Canadian investment finance is available here in the US.  I guarantee if they have not worked with Express Capital Mortgage INC.  before they will have had no idea either.  This does two things for you as a Realtor…

1)  A friendly call to a client  you have not spoken to in a while.  Always good to have a reason to call and not just a cold call. Your providing them with information I promise you they don’t have…you are providing a benefit to your client.

2) Right now the exchange rate  is not really great when bringing funds from Canada to the US, but with Express Capital Mortgage INC.  they keep those US funds in the US and minimize the amount they need to bring over the border.  We can leverage that equity they have been building in the properties they bought for cash three years ago…and go buy something else.  That is where you come in.

This is simple, painless, and a great change to get a fruitful conversation started.  Don’t don’t eat a pizza this new year…make a phone call instead.




Posted By : expresscapitalmtg 0 Comment

commerical-property-financingIf you are in the real estate business here in phoenix you have most certainly heard the rumor that investor money has moved to other parts of the country. On the surface this may appear to be correct.  Markets in Atlanta, Florida, and Texas have certainly seen an up tick in investors from outside the country mainly from Canada and China. With a shrinking inventory here in the valley and the market flattening out it does feel like it has moved elsewhere. Opportunity though still abounds in the Phoenix market for foreign investors.

In 2013 the Arizona Office of Tourism reported more than 770,000 Canadians visited Arizona, which makes up about 52% of international travel spending according to Visa credit card travel spending numbers.  Phoenix is a destination for many because of the weather (average winter temp of 60 degrees), recreational opportunities, and strong real estate market.  Short term rentals for events like the Superbowl and MLB spring training are everywhere in the Valley.

The real estate market is strong but deals can be found with little difficulty.  Commercial and multifamily units are and investment opportunity many foreign national buyer are taking advantage of.  Property taxes in Arizona are considerably less compared to the rest of the country and renters are numerous.

The inventory has been shrinking which means the prevalence of renters is abundant.  Many of those renters are quickly approaching the end of their stay in the “foreclosure/short sale Penalty box” and will be looking to make their post recession purchase.  With this influx of buyers the inventory will most certainly dry up pushing values even higher.   Builders are beginning to purchase land again as well as starting new developments, a great sign for the future.

The phoenix market has had it’s troubles but the future looks bright and the opportunity to be a part of that is here now.