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Most of the major cities tracked by Royal LePage showed increases from the first quarter of 2012 and the second-quarter of 2011.

At least one real estate company says the housing market is not quite dead yet.

David Denison, President and CEO of the CPP Investment Board, in Halifax, Monday, June 12, 2006, makes a lunch-time speech to the Halifax Chamber of Commerce. CCNMATTHEWS PHOTO/CPP Investment Board

TORONTO -- The Canada Pension Plan Investment Board is committing more than $1 billion to building two office towers in Australia, a project which it is calling its largest investment in a single real estate asset to date.

About 53,000 new condo units are due to be completed in Toronto over the next 18 months. (Evan Mitsui/CBC)

The housing dreams of families wanting to live in central Toronto will undergo a sea change in the coming decade as the supply of detached homes dwindles and the remaining ones soar in price, real estate experts say.

Toronto DIY home seller Bernie Doyle is happy, naysayers be damned

Bernie Doyle feels vindicated. So do some of the real estate agents who followed his efforts to sell his house without any help from them.

180 Pearson Ave. in Toronto’s Roncesvalles Village neighbourhood. The house recently sold for $223,000 over the asking price. (Fred Lum/Fred Lum/The Globe and Mail)

For the owners of a semi-detached house on Pearson Ave., $699,000 seemed like a fair asking price for the five-unit property. They were hoping it might go a little higher on the offer night a few weeks ago.

Concord Pacific's Cooper's Point towers have been painted sulphur yellow, ochre and terracotta. (John Lehmann/The Globe and Mail)

Part of that puzzle involves property-tax assessments, which in some cases have been reduced even as talk of an urban makeover is under way.

Property goes to firm tied to failed development

The Chronicle Harald 28.05.2012
Is Canada’s commercial property market too hot?

Canada’s commercial property market is less appealing than “recovering” areas such as the U.S. and Asia as investors compete for assets, said Sonny Kalsi, founder and partner of GreenOak Real Estate LP.

This two-unit townhouse in Bridgewater and the surrounding land, once known as the Village at Glen Allan, now has a new owner after the previous development failed and faced foreclosure. (BEVERLEY WARE / South Shore Bureau)

BRIDGEWATER — The Bedford company that built a townhouse for a Bridgewater development that subsequently went bust is the new owner of the four-hectare property.

Vancouver’s real estate swoon deepens

The Globe And Mail 21.05.2012
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Mayur Arora is seeing something few would have expected in Vancouver’s real estate market – people walking away from deposits on houses, convinced prices will fall further.

Property prices and sales edge upwards in Canada

Residential property prices in Canada are continuing to edge upwards and activity is either up or steady in half of local markets, according to the latest data from the Canadian Real Estate Association (CREA).

Regina’s housing sales saw the largest year-over-year increase of nine major Canadian cities, according to the Canadian

OTTAWA - For most Canadians their home is the biggest investment they'll ever make - but they might be surprised to learn you can use if for more than just sleeping.

Teranet-National Bank National Composite House Price Index measures price changes for repeat sales of single-family homes.

OTTAWA — Homes prices edged down 0.2 per cent in February from the month before but were still 6.1 per cent higher than a year ago, according to a well-watched housing index.

The investors in properties from shopping centers and office buildings to rental apartments have benefited as the 10-year Canadian bond yield fell by more than half, boosting the value of their holdings.

Canadian real estate investment trusts have rallied to the highest levels in five years as rising occupancy and investor demand for yield outweigh concern the Bank of Canada will raise interest rates to cool the market.

http://beta.images.theglobeandmail.com/archive/01396/web-for-sale_jp_1396110cl-8.jpg

It’s a title Vancouver is more than happy to relinquish. Canada’s hottest real estate market is finally cooling off, new sales figures show, much to the relief of those who have grown weary of talk of a West Coast property bubble.

A B.C. Supreme Court judge has refused to order a forced sale of the Cypress Gardens complex on Westview Drive to Polygon Homes.

NORTH VANCOUVER -- A B.C. Supreme Court judge has rejected a bid by a group of owners in an aging North Vancouver housing complex to force the sale of their property against the wishes of other owners who want to remain in the complex.

Proximity to the Beach and the Danforth subway line are big drivers in the East York area known as the Woodbine Corridor.

Talk to real-estate agents, and most express disbelief at how the Toronto market keeps defying the doomsayers month after month.

AGF portfolio manager Stephen Way, left, and global equity analyst Thiery Jannini. AGF has 60% of its fund in real estate investment trusts, which pay out a lot of their cash flow in the form of dividends.   Read more: http://www.vancouversun.com/business/Retail+property+worth+shopping+around/6408823/story.html#ixzz1r518YVyv

MANAGER PROFILE Manager: Stephen Way, AGF Investments Fund: AGF Global Real Estate Equity Class (Fund) Description: Concentrated port-folio of global real estate equities Global equity mandates: $1.6-billion Performance: 1-year: -1.15%; 3-year: 18.9%; 5-year: -7.9% (as of Feb. 29, 2012) MER: 3.29%

Toronto real estate bidding wars so shocked Vanessa Gallant, in front of her residence in Mount Albert, she filed a complaint to the Real Estate Council of Ontario which regulates the province's 58,000 realtors.

Vanessa Gallant just stepped onto the bidding war battlefield a month ago — in the relatively quiet community of Vaughan — and already she’s feeling bloodied.

 
Price growth in Canadian property market slowing, data suggests

Price growth in the residential property market in Canada is slowing with the latest MLS Home Price Index from the Canadian Real Estate Association (CREA) showing its smallest increase since June 2011.

 
 

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Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.