Monday, June 05, 2006

When Real Estate Is Hot It Is Really Hot

When real estate is hot it is really HOT. A merger between two real estate conglomerates will create a real behemoth. Brookfield Properties Corporation and private equity firm Blackstone Group are joining forces to acquire Trizec Properties and Trizec Canada in a deal worth $8.9-billion. That is a lot of money.

Alberta's capital, Edmonton, is experiencing great housing growth. In the month of May prices have increased 23 percent over the same period last year. This can not give a snap shot of the rest of Canada as Edmonton is riding an oil boom, and also has the Oilers in the Stanley Cup Playoffs.

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