The Canadian government moved to shore up the nation’s banks by taking on some of their mortgages in a bid to ease higher borrowing costs that have crippled lending. Toronto-Dominion Bank and Bank of Nova Scotia responded by cutting their prime rates.
Canada Mortgage and Housing Corp., a government-run agency, will buy as much as C$25 [...]

BRADENTON, Fla. - Oct. 10, 2008 - Florida is becoming a hot spot in the global real estate market.
Declining property prices coupled with a desirable climate is making the state an attractive investment and bargain for foreign buyers.
And local real estate professionals are taking advantage of that appeal and doing more to establish international relationships.
“The [...]

If we wanted to choose a logo for this year’s Expo Real, one of the world’s largest international commercial real estate exposition, it would probably be a gigantic question mark. The players of the world’s property markets are undoubtedly concerned about the global financial predicaments, although there is hardly anyone who would dare to make [...]

The current rental market is thriving while housing sales continue to fall, according to the latest lettings survey from the Royal Institution of Chartered Surveyors (RICS).
Many would-be sellers chose to become landlords in the current climate, highlighted by the fact that new instructions to let in July increased at the fastest pace in the survey’s [...]

Australian real estate experts welcomed the surprise interest rate cut, saying it should stimulate the market.
Real Estate Institute of Victoria chief executive Enzo Raimondo expects the market to lift within weeks.
“We may see the effects in the next two to three weeks as it starts to build confidence in the community,” he said.
“Those that have [...]

THE weekend after the AFL Grand Final is typically a bumper one for the real estate market - and agents say they expect no less, despite a week plagued by share price turmoil and interest rate uncertainty.
Real Estate Institute of Victoria chief executive Enzo Raimondo said there was no indication the financial volatility has scared [...]

UK commercial property worth five billion pounds ($8.92 billion) changed hands in the three months to end-September as the market continued to shrink due to a lack of debt funding and falling prices, data showed on Wednesday.
Property services firm Jones Lang LaSalle said British direct real-estate investment in the third quarter was down about 17 [...]

The London rental market is already beginning to feel the impact of the Lehman Brothers collapse as tenants give notice to leave rental properties.
Cluttons, a network of estate agents covering property sales and lettings across London, has already had a number of tenants based in the Belgravia and Wapping areas give notice on their rental [...]

Canadian existing home housing prices are decelerating quickly with the steepest decline in more than a decade recorded in August, as analysts say homeowners in some cities should prepare for further depreciation.
The average price of a residential property sold through the Multiple Listing Service was $316,052 last month, a year over year drop of 5.1 [...]

Half of the houses on sale in Harrow have been on the market for more than three months, according to a new survey.
In January only 20 per cent of properties in the borough were on the market for more than three months, but this has near-tripled to 56 per cent last month.
Estate agents have experienced [...]