"hasta la vista" - Canadians travel to the US declining - Phoenix feeling the burn

[Ken M.]

In March, Zimbaluk's company commissioned a study of Canadian consumers that found about 75% plan to cancel or reduce their travel plans to the U.S.

That impacted Flair's service out of Phoenix.

Another Canadian ultra-low-cost carrier, Lynx Air, went out of business in February 2024. It launched service out of Sky Harbor just a year earlier with a nonstop flight to Calgary and added a Toronto flight just months before its shutdown.

Does that account for stagnant sales of properties in Phoenix? That's an 18.5% increase in SFR's over 90 days DOM. Prices haven't really dropped yet, it's just that houses haven't sold.