Submitted by Tyler Durden on 01/02/2015 18:45 -0500

Via Dr.Housing Bubble blog,

As the year comes to a close, it is useful to put things into perspective.  Sure, California has a love affair with real estate and we go through our traditional booms and busts.  $700,000 crap shacks now litter the landscape but there are fewer and fewer lemmings taking the plunge.  In Canada there was no correction.  In fact, households continue to go into deep debt to purchase real estate.  The argument goes that mortgage standards are much tighter in Canada so therefore, they are much more enlightened when it comes to financing homes.  People forget that the bulk of the 7,000,000 foreclosures in the US came in the form of standard loans.  Garbage loans imploded in more dramatic fashion but people lost their homes because the economy shifted.  At that point, it merely meant covering the monthly nut.  We were housing dependent and that market contracted aggressively.  Canada is housing and oil dependent.  And oil just got a big kick to the shins.

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China HGS Reports Full Year Financial Results for the Fiscal Year 2014 - Revenue and Net Profit Up by Approximately 83% and 56%, Respectively

HANZHONG, China, Dec. 12, 2014 -- China HGS Real Estate Inc. (HGSH) ("China HGS" or the "Company"), a leading regional real estate developer headquartered in Hanzhong City, Shaanxi Province, China, today filed its Annual Report on Form 10-K for the fiscal year 2014 ended September 30, 2014 with the U.S. Securities and Exchange Commission. An electronic copy of the Annual Report on Form 10-K can be accessed on the SEC's website at www.sec.gov.

Highlights for the Fiscal 2014

• Total revenues for the fiscal 2014 were approximately $124.3 million, an increase of approximately 83% from approximately $67.8 million in fiscal 2013.

China HGS Signed its First Shanty Area Rebuilding Project Agreement

HANZHONG, China, Aug. 19, 2014 -- China HGS Real Estate, Inc. (HGSH) ("China HGS" or the "Company"), a leading regional real estate developer headquartered in Hanzhong City, Shaanxi Province, China, today announced that the Company signed its first shanty area rebuilding framework agreement with the Hantai District government of Hanzhong City.

Pursuant to the agreement, the Company is engaged in developing the shanty areas surrounding Liang Zhou Road located in the Hantai District, Hanzhong City. The estimated investment in the project is approximately US$580 million. The local government will coordinate with the Company to implement the reform plan.

HealthLease Properties REIT agrees to be Acquired by Health Care REIT for CDN$14.20 per unit

Key Transaction Highlights

• HealthLease unitholders to receive CDN$14.20 per unit in cash, representing an aggregate transaction value of approximately CDN$1 billion (USD$950 million)
• The purchase price represents a premium of 32% to the 20-day volume weighted average price of CDN$10.79
• HealthLease's board of trustees unanimously recommends that HealthLease unitholders vote in favour of the transaction