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Housing Market goes on the right track Print E-mail
Tuesday, 19 September 2006
TORONTO-- Housing market in the Toronto area carried out solidly as resale smash the month of September.  The 2,913 sales to the 15th of the month are off moderately from the 3,112 sales reported to the same time last September. 
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All eyes turn to offshore insurers Print E-mail
Monday, 18 September 2006

Property and casualty insurance rates in Florida have reached levels where ''regular folk'' like Grogan, a native Floridian who lives in suburban Indialantic, can't pay their premiums, businesses that can't find coverage are in technical default on loans and real-estate deals are stalling.

Insurers place the blame on their own coverage - the layers of catastrophe protection they buy from risk-brokers of Bermuda, Munich and London. Of the $56 billion in insured losses from Hurricanes Katrina, Wilma and Rita, those re-insurers wound up paying half of it.

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Rates of housing loan decline Print E-mail
Monday, 18 September 2006
The borrowing rates for housing loans extended by banks to homeowners are expected to move downward slightly as money market rates fall on expectations that the central bank will move to soften its monetary policy.  Interest rates on certificates of deposit (CDs), which are used as the benchmark in deciding the interest rate for floating-rate loans, fell .05 of a percentage point in September.
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Real estate restrictions fail to spoil rollout Print E-mail
Monday, 18 September 2006

New World China Land (0917) said it will roll out its newest batch of luxury apartments in Beijing this month, shrugging off concerns over tightening measures in the real estate sector.

New World China Land chairman Henry Cheng Kar-shun said in Beijing Saturday that cooling measures targeting real estate will not dampen sales of its Beijing project.

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Real estate stays a boosting character in Hong Kong market Print E-mail
Monday, 18 September 2006
HONG KONG Hong Kong shares were boosted by buying in property companies Monday amid hopes that the U.S. Federal Reserve may refrain from raising interest rates.
 
Hong Kong shares edged up as traders bought real-estate stocks after the U.S. released moderate inflation data Friday that suggested the Fed may leave interest rates untouched when it meets Wednesday.
 
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Real estate giant enters Brazilian market Print E-mail
Monday, 18 September 2006
MONTREAL —Ivanhoe Cambridge, the real estate giant is entering the Brazilian market with a stake in management company Ancar Gestao.  The properties are: Conjunto Nacional in Brasilia; Shopping Iguatemi in Porto Alegre; and Nova America in Rio de Janeiro. The three shopping centres will continue to be managed by Ancar on behalf of the new joint venture.
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