 鲜花( 1)  鸡蛋( 0)
|
Attention Real Estate Reporters:
& J6 }5 H0 l! c& ? j0 Y0 R* C$ i7 d/ w7 z, n: x. | f
Despite US housing woes Canadian real estate remains upbeat
( ?1 U" E9 n+ P3 L" }1 n4 @ TORONTO, Nov. 5 /CNW/ - Leading real estate experts are predicting the US# t% u; ^& K7 }* W2 E- b' i
commercial real estate market will slow in 2008 and follow a similar pattern
+ o$ v1 d/ }9 vas the current residential market. However, according to the annual Emerging
# R6 Z. d6 y+ B+ ]' @Trends in Real Estate 2008 report, released by PricewaterhouseCoopers (PwC)* f1 i& V0 ~# k% A
and the Urban Land Institute (ULI), their Canadian counterparts are much more
6 J$ C. }% E7 Bupbeat.
& \. c0 s( E4 C. v1 _ Now in its 29th year, Emerging Trends is the oldest, most highly regarded# t0 p0 S$ }, Z2 d
annual industry outlook for the real estate industry. The report reflects
/ H" G D& t6 `8 s0 Qinterviews with and surveys of more than 600 of the industry's leading real
' U# {' s3 ~$ I+ r, x4 H; s1 oestate experts, including investors, developers, property company
5 d3 L& b. d9 q* I& o) Xrepresentatives, lenders, brokers and consultants in both Canada and the US.
, m8 F& w# S* ?4 w( H) R+ a- u, qOther versions of this report are conducted in countries around the world+ m$ ^, u. i1 d/ K9 Z" @
including Asia Pacific and Europe.. z# X& {! t% g; T: N8 j5 c3 A/ O
According to Chris Potter, PwC partner and leader of the firm's Canadian
" B8 v3 M" @$ P% }- GReal Estate Tax practice, Canada benefits from a more conservative investment
9 m) P: e8 X8 K8 A/ ^- Penvironment than the US. "In Canada, institution-dominated markets appear to
5 p d3 ~6 \7 o8 C. abe avoiding 'transaction mania', but real estate values have reached record
, b% I; ^- [# H9 H1 ? N" [: [7 Phighs and a strong economy has accelerated tenant demand for space."9 U0 n2 X# T5 L( t/ g
According to American respondents, a healthy correction south of the( k3 \- P4 u6 T. }
border will likely bypass long-term investors but penalize late-to-the-game
. a5 T4 H# [5 x0 G6 R9 t, h K: _speculators and overleveraged buyers. Canadian respondents to the survey3 n' D/ r* ~5 k' ?" E- [
remain positive about sidestepping any serious impacts of this possible US$ T l/ y2 k2 z2 ?7 x; X6 I3 Q: X
correction. Close to 36% view their prospects for profitability in 2008 to be, g5 E* ~# U+ [' E6 s4 V+ C
very good and a further 22.4% say they're excellent.
# t1 R8 j3 T. n$ o( v. ? The strongest areas of real estate business activity for Canadian
2 ?4 t. v' e! |respondents is predicted to be within real estate services, followed by
) f+ R/ Z& k A* [2 L; rcommercial/multifamily development and homebuilding/residential land
; \$ W2 e% ^ d! T" K2 M! _development. All property sectors share positive prospects across the country1 T8 U V0 M& u: D* [# l
especially industrial and retail with respondents, on average, stating
2 C1 }. U, ]# Z. ]* Mdevelopment prospects are expected to be modestly good to good. The: @" Y* Q' R2 u# V
residential for-sale market is also expected to fair well, but might need to
4 v+ j8 j4 t S% i+ wtake a breather as homebuilders cannot keep up with the current pace and7 ?9 S" M' R3 v2 a6 x* l! C. ]
single-family housing looks overpriced.8 L# L7 s) E' \ F# n, x. W+ i$ A
Office stock is seeing limited inventories and dated product fill up with
; h7 W7 T J1 K# p$ C$ atenants. Except for Montreal, where office vacancies are nearing 9%. Canadian
, L5 p0 l, K) r2 C- v! imetropolitan areas boast below 5% vacancies, and rents have room to push
3 c0 [) \' c! a* [7 \& [# i' o# H; ohigher. The survey is also showing that costs and land scarcity is limiting
- p: _: [' g; V% O4 Y+ M C ?; onew development. Hotel investment and development prospects are modestly good,5 C% b4 @# m5 F ^" X. Q9 U; Q5 I' t4 p
and most respondents rate this sector either a buy or a hold. Rental. A/ g1 m5 r8 F1 }$ n: U# F/ k
apartments are doing well in major cities with high immigration flows. Primary2 y! D1 u5 t" T* A
western cities - Vancouver, Calgary, and Edmonton - are veering toward housing' W2 L+ S& M' r1 d
shortages as workers, attracted by a plethora of well-paying jobs, pour into8 T& g4 ?$ ]2 l# z) h# h
the energy zone. Apartment occupancies are soaring in these areas. Development
# @8 T7 O3 O2 T$ c; P$ rin other regions remains difficult because of costs and land scarcity.
$ D! W/ Q1 L% N5 ^5 A, v; j0 H8 h1 H* D0 l8 Z5 U7 Q5 U9 k* [
Canadian Markets to Watch5 M" {* `0 i; ]3 l+ N
! Z d7 r3 K6 b' F9 a' w
The report comments on how Canadians like to live and work in central
2 ]9 p- C& b9 e9 w& k X) `% D+ d9 |cities, as long as they can afford it. If housing is too pricey in 24-hour! B' v4 q- |0 V" ~. S
neighbourhoods, people move to inner-ring suburbs or beyond and commute back
; F+ I: r2 B! Y! H" ninto the cores. Investors, especially the institutions, are concentrated in$ k' [7 Z& m1 M) R/ g! y
downtown areas too. Planners and developers focus on infill and more vertical* B7 m" w/ M+ Z$ a V
projects, which reinforce the urban cores. The hot-growth energy cities out+ l& c( w# |7 @; c5 e' }6 G
west - Calgary and Edmonton - score the highest ratings for investment* c( ~3 U! x% }* V1 Q* q
prospects, development, and for-sale housing, although it is not certain& N& X2 E$ o6 S' Y. y
whether the recent announcements on royalties will have any effect on this.) _, d, ]2 U4 l0 r8 B% a- A
Toronto, Canada's premier global pathway city, and Vancouver also have high! r- |& ?0 q* b# X# S) e3 h
ratings. Ottawa and Montreal follow, with Halifax lagging.5 b* d- ^8 d- p7 O0 ^
5 U! ^' D4 K+ [+ @
Calgary/Edmonton$ p0 F* o5 W6 i; j5 @
! Q" i- w0 {) o Calgary is the Canada's "resource" capital and North America's number-one& {% Y5 {/ }: j+ I
boomtown. Survey respondents foresee strong buys for all sectors: 53.5% give a2 W8 M K4 `' d1 y: n1 t
buy recommendation for Hotel Property, 52.8% for Industrial/Distribution,' X% f( G2 }8 F& |- S$ @' H- c1 c
48.1% for Retail and Apartment Residential and 44.6% for Office Property.& Q# o0 o. T$ u+ u
Furthermore, on average the majority of respondents see Calgary For-Sale4 V' p+ d6 W0 x! k: R
Homebuilding prospects as very good. Edmonton is closely mimicking the
! A: r! W5 J, S6 GCalgary-style growth wave and as long as demand for energy resources stays
6 f) U3 g V; A- A( C( s6 ]strong, this market will continue to do well.
! V, O- b- h( `6 ~) u6 c" b
; d" S9 ~( ~# { Vancouver- `9 ^/ }- T3 {
2 s; M- ?) C5 Q& D1 z Vancouver's diversified economy is roaring, the mining industry is
6 d8 R3 p4 l. Z1 r1 gbooming and the city provides a large port and a high-tech center. Outrageous
! T" S0 l0 O- G: r+ Oreal estate prices frustrate homebuyers and commercial investors and the. [# _$ X* L) i+ s8 ?( g
market is extremely hard to crack. The 2010 Winter Olympic Games is also a! ]* _& p) K- M
growth driver and accordingly 44.7% of respondents give Vancouver a buy
, w6 J6 L8 i4 @6 O+ ~recommendation for Hotel Property. A further 43.5% give a buy Retail, 41.3%5 Y0 L9 B$ z5 ^" I# c0 T
for Industrial/Distribution and 36.7% for Office Property followed by 34.1%
0 t3 Q9 ^1 V" ^& Z: M6 F6 i+ u% Q4 ofor Apartment Residential property. Vancouver also ranks in the good to very& ?" L3 W. c2 X
good mark for for-sale homebuilding prospects.6 a& B0 s2 ]* P; Z2 j) C( b% a! B
X& s" T2 |# Q3 F5 c9 M Toronto
0 T4 M# R4 e% K6 U8 n* f& S( ]: O( a5 X
Toronto ranks as a major global pathway destination, 24-hour city, and
# m% v, v) K" o* @' f) Fmanufacturing hub. Compared with other national financial centers, the city is# z5 y7 g" Y9 f X
relatively inexpensive. However, the rising loonie is hurting manufacturing
: H2 ^; `% V! L* N7 d8 dindustries, and clouds over the US economy threaten to stall out momentum.
6 j* V* k; |( Y1 YThree new office towers are under construction, adding 3 million new square
# {! w2 H) ~0 j. M4 B8 \/ Sfeet of office space. Notably, Office (49.1%), Industrial (46.2%) and
" I" M" M4 W# {1 L" FApartments (40.8%) are given solid buys.5 i4 ~8 w! x' N3 B/ @, f' ~% m/ P
$ I0 p$ i6 f. J. s7 C$ s6 l
Montreal
( Q! f$ X! a; r- ^7 W6 _5 c' q- M- x* D; K( B" n" B8 ~
Montreal continues to face concerns about market stability and overall4 l' v- \/ j7 C7 u1 }1 M( q
growth prospects as major companies no longer choose it as a place to set up
5 \' @' T$ F3 M% P4 H3 y3 pshop. But, plenty of government offices fill space. Of the larger cities in
( @+ [0 Y: I) G6 a3 G- W- JCanada, Montreal ranks lowest as a "buy" recommendation in all real estate
4 Y. k! a) n" k" B5 I* r9 D' A8 rsectors. However, respondents generally rated all Montreal real estate sectors; W# g% m3 O. c+ l
higher as a "hold" recommendation.( h% U. K, D6 u' P4 _+ e7 Y
# O3 B) J2 b& f5 r( C4 w/ u: c
The report notes that best bets for investors for the coming years) k$ U! X$ S1 g0 S
include a focus on all property sectors in the high-growth western energy% j" i2 T+ k+ k7 l8 o/ y% ~
markets, hold on central business district office space, develop infill condos3 Y; B: d& b! v& f6 c
near subways stops in Toronto, buy infill sites wherever you can and invest: z G8 E. E) C4 `
overseas. Potter concludes, "Domestic opportunities are too limited at current1 r" u2 y2 ]6 G% I" [5 y: |
prices."$ D- s9 y, i( s W3 d
A copy of Emerging Trends in Real Estate(R) 2008 is available at! |% t; ]% m' X, Z, x) Q
www.uli.org or www.pwc.com/imre.: A" K8 Q! ]; I7 E2 q4 _$ z
8 v8 P' V: \' }$ c
About PricewaterhouseCoopers u% z, t8 w1 D% w6 k, g
) \! [3 J! `4 i3 z$ Q O* Z; M. w PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,# V9 ~1 L0 t. V! R7 [ D
tax and advisory services to build public trust and enhance value for its
& }3 U! `- r7 c& B* Y& U3 xclients and their stakeholders. More than 140,000 people in 149 countries* m2 ?- Y$ C2 p. K% G# D
across our network share their thinking, experience and solutions to develop
- j: p: j+ T0 _fresh perspectives and practical advice. Now celebrating 100 years of
0 H% u" ~9 e4 \9 s1 v' Rexcellence in Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its
# H$ Z! w3 \" z! }3 x: brelated entities have more than 5,200 partners and staff in offices across the" D/ {2 x( i3 u! D; y" @& z- Q- n- r
country.
1 ]: @4 x4 f; R! `7 a "PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario
1 t8 E. Y- r; I' u+ G" j" climited liability partnership, or, as the context requires, the. Z' w: D7 K6 H! M* X; w9 i- ]
PricewaterhouseCoopers global network or other member firms of the network,6 Z7 D# R: y H# n* k+ \
each of which is a separate and independent legal entity." M' R9 L( n! ?% [1 i
9 b" X& t. C1 @7 |
About the Urban Land Institute
. {; o3 @3 [9 D$ m) Y- W" N5 w+ }* A3 k2 m6 y) T) C! x
The Urban Land Institute (www.uli.org) is a nonprofit education and
- w& q9 n2 F: X, j2 N8 r# {$ Iresearch institute supported by its members. Its mission is to provide
6 ]. q. | I3 a8 G1 s# [+ N" zleadership in the responsible use of land and in sustaining and creating0 J) k1 M2 ~ {% K
thriving communities worldwide. Established in 1936, the Institute has more
* c7 S* L; ]" h- Jthan 38,000 members representing all aspects of land use and development
( O4 G P$ k/ g6 g5 Wdisciplines.
# k9 | F$ x0 ?- _3 W) h5 F The Urban Land Institute is an active and growing organization in Canada.- i1 b* j a% C: u0 R) E
With nearly 700 members across the country, Canada's first ULI District
* x/ E. D2 w h1 QCouncil was established in Toronto in 2005 and a second District Council is
* n T# C0 J C8 u7 M( W% Inow being formed in British Columbia. The Toronto District Council will be
$ {+ m' F1 H. _9 e. chosting a special event on Emerging Trends in Real Estate on November 20th,, E& ^. u; M1 V, T" y' y2 o# t
2007, featuring Jonathan Miller, the principal author of the report, Blake
4 }" ? R4 O# A3 AHutcheson, President of CB Richard Ellis Canada Ltd., and George Carras,
3 K7 y5 H. t3 j9 V; J" DPresident of RealNet Canada Inc. For more information on this event, please
$ ?# m0 A" }" c( t) ~2 O1 O" ccall the Toronto District Council Coordinator at (647) 258-0017, or look on1 C1 ~/ l* V6 }2 K2 E4 `% s
the web at www.uli.org/events/index.cfm?id=3066." p7 q& `" \- ]. Q" i$ O5 w4 g
4 p4 e6 K9 H7 ~( S2 m [! O
# k) H8 t4 N3 G5 |& L5 K# O
+ y. S) a9 |! U6 f" oFor further information: Carolyn Forest, PricewaterhouseCoopers LLP,
9 K+ s& } H: o& ~8 S- ]6 F(416) 814-5730, carolyn.forest@ca.pwc.com- M+ R* f9 x, H. O
http://www.newswire.ca/en/releas ... r2007/05/c4080.html
, F: Y; s# h: `8 k% ~2 t
! l G: S* t( `, b[ 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
