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Monday , 1 September 2014

Monthly Archives: October 2012

Timing "could not be better" for Canadians to invest in US real estate

No time like the present for Canadians to invest in the US commercial real estate market, according to REIT promoters with offerings that specialize in distressed residential as well as business properties. Another sign that the American real estate market is back, this time in the commercial sector, is the fact that Canadians are investing in it. A story at CoStar, a commercial real estate research and information source, says that Canadians have put $350 million into a slew of new Toronto-based REITs and funds in the last several weeks with the aim of investing in the US commercial real estate market. CoStar lists four funds, including Slate U.S. Opportunity ... Read More »

Warren Buffet buys Toronto asset firm Brookfield

Warren Buffet and friend (Bill Gates). The legendary investor has demonstrated faith in the US residential real estate market by expanding his brokerage holdings and now creating a new “super” brand, acquiring Toronto’s Brookfield Asset Management to do so.  One of the world’s most famous investors has turned his attention to the residential real estate market, and Toronto’s Brookfield Asset Management is the latest object of his interest. Warren Buffet, the legendary “Oracle of Omaha,” whose Berkshire Hathaway company already owns HomeServices of America, is “partnering” with the Toronto private equity firm, a move that will double his real estate brokerage business. Brookfield owns the Prudential Real Estate and Relocation ... Read More »

Canada’s real estate market is nothing like the US: CIBC

CIBC Deputy Chief Economist Benjamin Tal. His latest report on the Canadian housing market says there is no need to worry about a US-style meltdown here. There’s yet another report out, this one from CIBC, reassuring Canadians that we’re not like the Americans at all. At least when it comes to debt. While America experienced a real estate meltdown from which it is now emerging, no such fate is in store for us. According to Benjamin Tal, deputy chief economist at CIBC and the report’s author, the Canadian housing market is “very different” from what was happening in pre-crash America. “To be sure, house prices in Canada will probably fall ... Read More »

Tips for cleaning up after severe storm damage

Hurricane Sandy gave Toronto a rough and stormy night, but nothing like what residents along the Eastern Seaboard had to deal with. Now that Hurricane Sandy has come and gone, a lot of people will have to deal with serious damages to their property. While Toronto was spared the severest weather that hit places like New Jersey and New York City, we heard of downed trees and power lines here, and sadly a woman was killed. An organization called the Restoration Industry Association in the US put out a checklist for those who suffered damage in the storm. It seems a useful kind of list to have, whether you live ... Read More »

Real estate on agenda at city hall as council debates selling community housing

Real estate will be on the agenda at Toronto city hall tomorrow as council debates whether to sell off some 55 city-owned houses. Each of the homes, owned by the Toronto Community Housing Corporation (TCHC), is valued at about $600,000. The approximately $35.5 million that could be realized by the sale would be used to repair other units owned by the corporation. TCHC is landlord to 164,000 low and moderate-income tenants and is the second largest social housing provider in North America. Those living in community housing include seniors, families, singles, refugees, recent immigrants to Canada and people with various special needs. They make up about 58,500 households in all. ... Read More »

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