A flagship investment company 100% owned by the government of Dubai is seeking to restructure debt payments on $59 billion (U.S.)

The world financial crisis hit the government agency Dubai World, hard with Real Estate prices dropping as much as 50 per cent.

Now we can appreciate the Toronto Real Estate market gains over the last several months and further gains in major Real Estate markets in Canada.

Canadian resales were a record 45,818 units in October on a seasonally adjusted basis, 2 per cent more than the record sales set in October 2007.

Reasons for the positive Real Estate results are upbeat confidence in the markets, low interest rates and a pent-up-demand from the slower resale months of 2008.

Toronto saw its share of October resales reach 8,476, an increase of 64 per cent over October 2008.

The average price of a Toronto home increased 20 per cent to $423,559 over the same time period.

Despite many new Condos on the Toronto Real Estate market, central Toronto Condos were up 15 per cent to an average resale price of $398,788 from October 2008.