 鲜花( 1)  鸡蛋( 0)
|
Attention Real Estate Reporters:
+ |1 j# O, \$ T- a7 g
- @2 j( c! Y6 h3 B5 hDespite US housing woes Canadian real estate remains upbeat
3 ^% @8 C7 p; I7 }7 _6 { TORONTO, Nov. 5 /CNW/ - Leading real estate experts are predicting the US6 @* H* W; M7 d
commercial real estate market will slow in 2008 and follow a similar pattern
3 C3 J5 }" G+ K$ [5 _2 d" eas the current residential market. However, according to the annual Emerging! ], ^* \- r* T9 p/ B* e l( |1 p! B
Trends in Real Estate 2008 report, released by PricewaterhouseCoopers (PwC)
2 t8 @8 l+ z8 u0 d5 ]& [" X1 I6 {6 Yand the Urban Land Institute (ULI), their Canadian counterparts are much more
% o: s( _4 B& }: N7 [upbeat.# x! K% R. Y2 {, ]. _
Now in its 29th year, Emerging Trends is the oldest, most highly regarded( P2 A* [& J! ]' P- t" S
annual industry outlook for the real estate industry. The report reflects+ O3 E% p% C. O" `2 D) z, }
interviews with and surveys of more than 600 of the industry's leading real% w3 M% x+ X" D5 [$ u
estate experts, including investors, developers, property company
1 A. a' R$ ?1 U( z( v2 d- x" crepresentatives, lenders, brokers and consultants in both Canada and the US.$ a5 [4 S% m' J/ e$ C4 L- k" a: Y, c
Other versions of this report are conducted in countries around the world
0 Y4 x- z5 S# B4 Cincluding Asia Pacific and Europe.1 C& D( Q* l. R- l& N
According to Chris Potter, PwC partner and leader of the firm's Canadian' R/ Z/ r; }) J9 e( F* x4 f" F# R" w
Real Estate Tax practice, Canada benefits from a more conservative investment3 ]% I$ {0 W1 b
environment than the US. "In Canada, institution-dominated markets appear to& }; R' j- j* P1 t
be avoiding 'transaction mania', but real estate values have reached record" o! k h6 r6 f- N2 g7 y
highs and a strong economy has accelerated tenant demand for space."
) Z0 q$ Y+ i/ _5 Z# Z According to American respondents, a healthy correction south of the
! W, v+ W. J% e* D% aborder will likely bypass long-term investors but penalize late-to-the-game( m% E( o0 Z0 E: }; o' r
speculators and overleveraged buyers. Canadian respondents to the survey f6 g8 q* o( M% f
remain positive about sidestepping any serious impacts of this possible US
* X; a% u) T B+ W) Ncorrection. Close to 36% view their prospects for profitability in 2008 to be
( [4 U( n) r$ w- |3 K" kvery good and a further 22.4% say they're excellent.
1 q: G4 w9 D" g* [7 _0 i The strongest areas of real estate business activity for Canadian
& U' z* t# y a& brespondents is predicted to be within real estate services, followed by
; O* n+ H3 G! }/ m1 z2 p- s; c2 acommercial/multifamily development and homebuilding/residential land8 i4 c0 T8 F) B) K: a$ W
development. All property sectors share positive prospects across the country- u9 z! @& W: b# b; H7 m: x7 z7 C5 V
especially industrial and retail with respondents, on average, stating
& ?+ [" J6 h* T. a N7 ~# adevelopment prospects are expected to be modestly good to good. The
2 D& V: g4 c3 s$ ]* aresidential for-sale market is also expected to fair well, but might need to
$ v9 [, f2 u# X n' B) T2 T' n$ R$ ~take a breather as homebuilders cannot keep up with the current pace and
p! a! y8 w( [/ nsingle-family housing looks overpriced.
; d, L% e9 b( G# x6 Y r Office stock is seeing limited inventories and dated product fill up with8 k; i2 E% r9 o8 q
tenants. Except for Montreal, where office vacancies are nearing 9%. Canadian2 y3 [3 K: ~8 x4 z, P! L
metropolitan areas boast below 5% vacancies, and rents have room to push: z5 Z- h( P% m q' i7 i, C
higher. The survey is also showing that costs and land scarcity is limiting
7 i% e9 F4 X4 y$ ynew development. Hotel investment and development prospects are modestly good,% D5 D+ g1 U8 ?( Y
and most respondents rate this sector either a buy or a hold. Rental9 ^# \ u0 A/ Z. f3 q4 R
apartments are doing well in major cities with high immigration flows. Primary
9 |1 q2 g1 J; Q# \' mwestern cities - Vancouver, Calgary, and Edmonton - are veering toward housing
. W/ Y8 c8 ]# e, k6 {shortages as workers, attracted by a plethora of well-paying jobs, pour into
5 _1 K6 _# C; hthe energy zone. Apartment occupancies are soaring in these areas. Development
+ O- P1 z& C3 _1 E/ A+ xin other regions remains difficult because of costs and land scarcity.
( o3 C$ z3 e9 _$ t. I
7 \2 z$ p" P+ Z Canadian Markets to Watch, h g3 F' U7 _. u# B
& \7 `! x7 h: o1 I4 n% A$ a
The report comments on how Canadians like to live and work in central
: C" P' t8 H. scities, as long as they can afford it. If housing is too pricey in 24-hour
5 t/ q4 Y# Y4 J2 aneighbourhoods, people move to inner-ring suburbs or beyond and commute back7 g: E; r& R$ e- [# i
into the cores. Investors, especially the institutions, are concentrated in
- }1 @. \/ _' Q; g& _downtown areas too. Planners and developers focus on infill and more vertical4 ]/ Z1 M# y$ @0 z
projects, which reinforce the urban cores. The hot-growth energy cities out
/ `- Y" ]. n5 O- i1 `west - Calgary and Edmonton - score the highest ratings for investment- n( T+ B- M d3 X/ B
prospects, development, and for-sale housing, although it is not certain
/ ?. ^* b+ d; k6 y& R1 }* wwhether the recent announcements on royalties will have any effect on this.
& S1 u3 v2 v8 ~5 M; HToronto, Canada's premier global pathway city, and Vancouver also have high
, P, i# S7 o8 B2 C- Tratings. Ottawa and Montreal follow, with Halifax lagging.
' t' e9 Q5 A6 H$ |5 |
& F1 g0 g, Z3 W3 a$ R: f Calgary/Edmonton$ x6 k {! z4 \$ p8 e8 ^
E" j6 I1 o- K# e4 N3 m( ^
Calgary is the Canada's "resource" capital and North America's number-one; r( j1 E4 R, F% g/ C+ J
boomtown. Survey respondents foresee strong buys for all sectors: 53.5% give a' N' U$ C2 U/ j8 j
buy recommendation for Hotel Property, 52.8% for Industrial/Distribution,
$ }" Z; k) ?* u5 g/ O, w48.1% for Retail and Apartment Residential and 44.6% for Office Property.& | ~. f: u4 J p) E
Furthermore, on average the majority of respondents see Calgary For-Sale4 K* ~2 _4 N" J' j( L D1 K
Homebuilding prospects as very good. Edmonton is closely mimicking the
( |# x! ?+ L6 L+ `0 g2 ?3 O2 W0 [Calgary-style growth wave and as long as demand for energy resources stays( D2 x" z: [' O3 q
strong, this market will continue to do well.
% \( n; E/ Y; N* r5 s. }* Q, S
4 Y4 u4 c( z& r: P Vancouver
6 {$ a+ a: W4 u" g- E9 C N6 c: U' A& c- J
Vancouver's diversified economy is roaring, the mining industry is. J: ~2 U$ x9 T3 e
booming and the city provides a large port and a high-tech center. Outrageous3 z S. d7 q: _
real estate prices frustrate homebuyers and commercial investors and the) c3 A- Z) l$ c* S
market is extremely hard to crack. The 2010 Winter Olympic Games is also a
7 r' @1 ~) D7 B+ T9 Rgrowth driver and accordingly 44.7% of respondents give Vancouver a buy
4 ~, y, r; v$ @ l! h: \recommendation for Hotel Property. A further 43.5% give a buy Retail, 41.3%
* w5 v/ l, D5 x" Z7 W- pfor Industrial/Distribution and 36.7% for Office Property followed by 34.1%
- V- C/ L& B5 T% H. l, W6 v' Nfor Apartment Residential property. Vancouver also ranks in the good to very
$ H5 M# R" H1 \4 @/ }2 ^good mark for for-sale homebuilding prospects.
3 b) `; f: ^( I! E! v1 m, B; y; ]8 |. p! C7 I: L9 }
Toronto
! t1 t" o& g4 H# Y: z$ g
8 R4 O% N, w8 _: W3 o6 a Toronto ranks as a major global pathway destination, 24-hour city, and7 [, f: A8 V0 @. R% C
manufacturing hub. Compared with other national financial centers, the city is
; Y \% i) r7 Vrelatively inexpensive. However, the rising loonie is hurting manufacturing
& |# n" x! @ a" C- k) A1 s* _industries, and clouds over the US economy threaten to stall out momentum.
- f) O: X: d' z' J! \) fThree new office towers are under construction, adding 3 million new square+ m2 H, T( q# f0 I
feet of office space. Notably, Office (49.1%), Industrial (46.2%) and
" z( A/ w* c# b' H4 h8 ^) J# k% PApartments (40.8%) are given solid buys. V. P3 T0 D/ l1 y! Q3 ^
5 L5 ]9 r/ Y* B4 r! r2 J
Montreal0 k/ z4 t6 e+ p8 u O
/ K6 a5 m! K d& M* P3 U
Montreal continues to face concerns about market stability and overall
, I; F( W( P& F0 n7 w# [; y6 Cgrowth prospects as major companies no longer choose it as a place to set up
4 S& A" M! e; }/ x! ~8 k$ l5 |shop. But, plenty of government offices fill space. Of the larger cities in& \) m$ V* \; }
Canada, Montreal ranks lowest as a "buy" recommendation in all real estate6 _ d! D! ]& R. }: v0 Q3 F8 y
sectors. However, respondents generally rated all Montreal real estate sectors/ `) q, H* i" }" X' [$ E& \; q1 ~7 d7 E
higher as a "hold" recommendation., Y; ]5 T3 n0 H
; E5 t/ ] c8 I% e! d The report notes that best bets for investors for the coming years
& H1 G8 h2 l- s9 S* Vinclude a focus on all property sectors in the high-growth western energy
, P* Q. \* l3 S( I& R* `+ Xmarkets, hold on central business district office space, develop infill condos" a+ D8 m: J* s' r# [
near subways stops in Toronto, buy infill sites wherever you can and invest) s) H) o- T- y B; G& n+ ]" ?
overseas. Potter concludes, "Domestic opportunities are too limited at current5 R+ u( M2 I) I. w- H) f* Y$ b# P5 y
prices."
/ u" J5 G. X- M# t0 s4 r A copy of Emerging Trends in Real Estate(R) 2008 is available at
o- o. {4 ?' x% u% _www.uli.org or www.pwc.com/imre.
) |% A7 v( {( @3 p0 W; g
0 p/ h* a, V3 N About PricewaterhouseCoopers1 ?) J. K, E1 I8 m! d$ L; G
1 Z3 y5 |: X5 _; K! F, g2 W
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,
9 P. ~: j8 i5 b. }tax and advisory services to build public trust and enhance value for its1 W( _4 x7 ^9 V. I, ?8 ]4 ]
clients and their stakeholders. More than 140,000 people in 149 countries7 ^: D% O3 s6 f7 \3 t0 x5 V
across our network share their thinking, experience and solutions to develop7 v* _; n7 h7 r1 G* r$ f% k
fresh perspectives and practical advice. Now celebrating 100 years of
) R& i8 g$ F8 T, c* D' n0 oexcellence in Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its
2 }" c& e0 c1 M) F+ B! e/ wrelated entities have more than 5,200 partners and staff in offices across the j+ w, ?7 n* d* ^+ H
country.! t* `# x/ x% P h
"PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario2 |$ o& u: Z4 Y" K9 K
limited liability partnership, or, as the context requires, the
/ K/ I! i* Q2 W, X2 IPricewaterhouseCoopers global network or other member firms of the network,, `+ |- g" r$ a% i- p3 ~+ H
each of which is a separate and independent legal entity.; D1 E, s1 n6 e6 A
* n/ w# Z& `2 Y
About the Urban Land Institute
; r+ `, w4 v+ ]. t! u- C3 L9 g8 L5 J7 B- B
The Urban Land Institute (www.uli.org) is a nonprofit education and6 \. T* A4 |# p) r+ }; k6 z9 d
research institute supported by its members. Its mission is to provide
% a; I- n4 c5 e, t0 \leadership in the responsible use of land and in sustaining and creating
/ ^' S" q( ]9 }; a0 r0 g3 G. Lthriving communities worldwide. Established in 1936, the Institute has more( X" y: I! ~3 R( O
than 38,000 members representing all aspects of land use and development
( E( ^0 p) \. `7 ^- @5 Z$ Gdisciplines.- e8 @1 e7 v' \& |4 e( e3 y
The Urban Land Institute is an active and growing organization in Canada. I0 r' p e* c9 O8 U# i4 ?, D
With nearly 700 members across the country, Canada's first ULI District
9 V( ^1 q" S4 P/ G: JCouncil was established in Toronto in 2005 and a second District Council is* p2 a' l, b& B! S- W7 K) r
now being formed in British Columbia. The Toronto District Council will be/ m& Z2 F9 u4 J
hosting a special event on Emerging Trends in Real Estate on November 20th,/ u2 J {: \$ g" w% z7 l! @) g
2007, featuring Jonathan Miller, the principal author of the report, Blake# R5 ~* {5 D( e
Hutcheson, President of CB Richard Ellis Canada Ltd., and George Carras,/ j2 L" O9 f+ V( o/ g
President of RealNet Canada Inc. For more information on this event, please
" Q8 n4 h+ z- q" I- zcall the Toronto District Council Coordinator at (647) 258-0017, or look on
7 j1 G7 l2 {8 i4 L5 x* Nthe web at www.uli.org/events/index.cfm?id=3066.
0 D. D s- k& ] ~$ h6 ~
; ]2 t! F4 r. T( N
* `8 N$ h/ `. V% w0 m2 G, w8 B( V/ r- X/ W
For further information: Carolyn Forest, PricewaterhouseCoopers LLP,& U8 J# C; y1 Y; c9 c$ C
(416) 814-5730, carolyn.forest@ca.pwc.com2 \! D( x. _2 \2 C7 x
http://www.newswire.ca/en/releas ... r2007/05/c4080.html6 u% ]$ i0 y( P5 }
' z- E, _" i5 B! g! L8 s1 I
[ 本帖最后由 QWE321 于 2007-11-13 09:08 编辑 ] |
|
狗仔卡
发表于 2007-11-13 09:04
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
显身卡
楼主
发表于 2007-11-13 09:10
