 鲜花( 1)  鸡蛋( 0)
|
Attention Real Estate Reporters:
e K3 E' E: f d" N: o- @7 q1 c0 z" G% C/ Z9 w* w) i
Despite US housing woes Canadian real estate remains upbeat " R% R8 Q4 S+ @2 d0 ~7 I, ]& t
TORONTO, Nov. 5 /CNW/ - Leading real estate experts are predicting the US
3 @% V) M+ P: A$ @commercial real estate market will slow in 2008 and follow a similar pattern
* f$ H b- D% D; k8 Y8 tas the current residential market. However, according to the annual Emerging
$ n1 I/ `8 D% c) I7 e+ x7 p% bTrends in Real Estate 2008 report, released by PricewaterhouseCoopers (PwC)# I2 Y; n) B9 B1 I6 B
and the Urban Land Institute (ULI), their Canadian counterparts are much more
3 Z+ |* m0 j$ F! x" b8 T. Pupbeat.; u' q' D3 J7 Q$ H. B& d
Now in its 29th year, Emerging Trends is the oldest, most highly regarded
8 n! M) X) d, ~" I0 N* Zannual industry outlook for the real estate industry. The report reflects
- w" I2 Y# ]8 o: v f$ h5 J4 ginterviews with and surveys of more than 600 of the industry's leading real; n0 A+ R, L+ @6 x6 r9 M
estate experts, including investors, developers, property company
. X8 Z' P& p6 K( \4 y2 qrepresentatives, lenders, brokers and consultants in both Canada and the US.
D% m! U; a0 Z/ r6 dOther versions of this report are conducted in countries around the world
3 }( v( m$ c7 p1 x- d- jincluding Asia Pacific and Europe.
! B$ P6 X$ F8 Y0 v1 e5 g According to Chris Potter, PwC partner and leader of the firm's Canadian
+ R3 ?- f, x2 C5 b! l1 ^' S, R( IReal Estate Tax practice, Canada benefits from a more conservative investment
b& J ?3 Z) D3 T# O( [environment than the US. "In Canada, institution-dominated markets appear to, |1 J# j0 w0 i4 g( |1 P
be avoiding 'transaction mania', but real estate values have reached record+ Q/ v+ e5 l7 H; n9 [
highs and a strong economy has accelerated tenant demand for space."
0 G6 r" I, `6 |4 v% h/ K According to American respondents, a healthy correction south of the
7 u* t& P7 X3 zborder will likely bypass long-term investors but penalize late-to-the-game% y$ M4 a3 j7 h
speculators and overleveraged buyers. Canadian respondents to the survey
: c# \' a8 H( Bremain positive about sidestepping any serious impacts of this possible US
" w$ @; h- g9 v( p1 tcorrection. Close to 36% view their prospects for profitability in 2008 to be
$ o6 V1 k* [9 y6 \1 r9 Tvery good and a further 22.4% say they're excellent.
# R& N9 F: D. e* a/ n1 Q The strongest areas of real estate business activity for Canadian
& F" M |3 E% \respondents is predicted to be within real estate services, followed by
! X$ W; Y5 x3 k* `" ~8 w- Q3 E2 G/ ucommercial/multifamily development and homebuilding/residential land
, ~. r3 G% p: w" y: @development. All property sectors share positive prospects across the country
3 p9 z, v' r0 E2 |5 F3 n8 o. f8 t5 Kespecially industrial and retail with respondents, on average, stating
* [. }8 l% t3 Q( B# D8 [development prospects are expected to be modestly good to good. The
! F/ y5 P6 O8 R- }3 \: [. Sresidential for-sale market is also expected to fair well, but might need to$ w* E( _2 `! U" _0 p3 O6 O. q
take a breather as homebuilders cannot keep up with the current pace and
2 M' `) ^' X" t: T, e; A' u2 Wsingle-family housing looks overpriced.5 [: Q9 y& F/ P a0 T
Office stock is seeing limited inventories and dated product fill up with8 P; D' Z( X% o1 W& s
tenants. Except for Montreal, where office vacancies are nearing 9%. Canadian- G, W2 C! X3 l6 r5 A2 t
metropolitan areas boast below 5% vacancies, and rents have room to push
. w$ B: ~7 A9 K& g v8 X" Y) t4 xhigher. The survey is also showing that costs and land scarcity is limiting( Y" c0 m! C' k8 w; l- b$ Q
new development. Hotel investment and development prospects are modestly good,
% }9 p5 c) l8 F" g T' sand most respondents rate this sector either a buy or a hold. Rental
$ r7 C. S( {' e+ c9 ^! {; papartments are doing well in major cities with high immigration flows. Primary
3 y8 R: O1 P$ X/ ] B, swestern cities - Vancouver, Calgary, and Edmonton - are veering toward housing: {- F4 z. j: k4 ~2 ]
shortages as workers, attracted by a plethora of well-paying jobs, pour into9 `/ Z& U5 j3 _$ z7 R
the energy zone. Apartment occupancies are soaring in these areas. Development3 a6 c. O/ A- A
in other regions remains difficult because of costs and land scarcity.
, _+ |% c2 L# L/ {
`: @' h0 F. _$ ~* f( ~' d Canadian Markets to Watch
8 f2 z7 G5 j* r2 z
2 Z) L+ i. X. @6 G3 D The report comments on how Canadians like to live and work in central7 k+ Y% b0 I; m$ a3 l j5 R
cities, as long as they can afford it. If housing is too pricey in 24-hour( J/ v3 K. N4 p+ c1 Y4 M* W$ i/ I
neighbourhoods, people move to inner-ring suburbs or beyond and commute back
" D( ]; C* L1 Q* @1 Q# F% o. y3 s& G Pinto the cores. Investors, especially the institutions, are concentrated in% X4 t+ R7 G' m5 J+ [0 N/ Y$ A
downtown areas too. Planners and developers focus on infill and more vertical$ b& ]" Q7 w ~" e' y2 e3 F
projects, which reinforce the urban cores. The hot-growth energy cities out |8 |& J) N8 f& _# }+ u
west - Calgary and Edmonton - score the highest ratings for investment
3 _+ A- w1 S% y5 S e3 Zprospects, development, and for-sale housing, although it is not certain
$ K" i* K$ {6 N/ c O `" O6 J9 U Ywhether the recent announcements on royalties will have any effect on this.
& O6 P/ u# k( `% m) d- {/ o# oToronto, Canada's premier global pathway city, and Vancouver also have high! G% S5 R& S( b3 t3 O$ V! D
ratings. Ottawa and Montreal follow, with Halifax lagging.! S5 L! [0 Z7 e( ~
, ^ e! V! Y3 t0 ? Calgary/Edmonton
9 }5 v: ~! n. F! K- e
8 d: v$ l8 I$ }" y6 ]* d8 w/ F Calgary is the Canada's "resource" capital and North America's number-one1 ?) K: v( s+ W1 D$ `/ |5 r/ \" N
boomtown. Survey respondents foresee strong buys for all sectors: 53.5% give a6 Y3 z3 ?8 o- S- @4 d
buy recommendation for Hotel Property, 52.8% for Industrial/Distribution,# h; j# K0 @/ U; H# L; ~
48.1% for Retail and Apartment Residential and 44.6% for Office Property.
! _+ i" w7 h! o( k- F8 dFurthermore, on average the majority of respondents see Calgary For-Sale/ N) R6 j3 Y4 g q2 R" w. h: B
Homebuilding prospects as very good. Edmonton is closely mimicking the3 F5 L& B$ f" \7 x5 K3 N
Calgary-style growth wave and as long as demand for energy resources stays
: C. T# y3 |' x7 Zstrong, this market will continue to do well.
; a% Q1 {" w+ u3 n! E1 H0 g% A$ q: Q( r7 S
Vancouver
g2 A' i* T$ ?. ? W2 T
9 \0 d/ I; d5 v Vancouver's diversified economy is roaring, the mining industry is' C% z9 h1 ^( w, t0 w1 C$ j1 j( i
booming and the city provides a large port and a high-tech center. Outrageous- B1 e( w! n1 |
real estate prices frustrate homebuyers and commercial investors and the4 L2 ]' ]& o( ~# t% G* e0 {
market is extremely hard to crack. The 2010 Winter Olympic Games is also a0 g7 ~! Z) M7 K3 M# \
growth driver and accordingly 44.7% of respondents give Vancouver a buy
" ]: E, U5 K; k: e% Zrecommendation for Hotel Property. A further 43.5% give a buy Retail, 41.3%. C$ o _+ N. O. `! s" I
for Industrial/Distribution and 36.7% for Office Property followed by 34.1%
' F9 x3 Z' E- B: f, _! Bfor Apartment Residential property. Vancouver also ranks in the good to very- ]( f# b3 x5 `. v
good mark for for-sale homebuilding prospects.3 y4 N( D. B6 L5 {3 @
4 r R' W4 n+ u& x* w# S: z& x Toronto
: g; y2 m' x7 O& h% I( \& Y1 U
( J y6 F# }' p' \8 v: R Toronto ranks as a major global pathway destination, 24-hour city, and
, O2 L# g5 L, G) D) u5 Omanufacturing hub. Compared with other national financial centers, the city is
3 D8 m' Q( H. X) d+ Brelatively inexpensive. However, the rising loonie is hurting manufacturing
* t2 g3 B" K- j! windustries, and clouds over the US economy threaten to stall out momentum.
+ A1 L0 c0 B- E$ Q, M& SThree new office towers are under construction, adding 3 million new square
) i/ {3 ?, g% \: j, K6 @# ~+ Ffeet of office space. Notably, Office (49.1%), Industrial (46.2%) and2 F- j, K. g F7 f) j
Apartments (40.8%) are given solid buys.
. k; g- |9 \, d9 g, `$ K0 S) t& ~
6 e# f8 P* W$ J0 X Montreal0 V l4 J7 T& F w! c2 E- W
$ [3 o* b! c8 H) f
Montreal continues to face concerns about market stability and overall' l! [ W: s5 U7 ]
growth prospects as major companies no longer choose it as a place to set up1 W" U- A+ A0 \( w$ E
shop. But, plenty of government offices fill space. Of the larger cities in
, S; o. O( c" r9 B+ f8 ECanada, Montreal ranks lowest as a "buy" recommendation in all real estate- N0 v" v" Q; s/ N# ^) ], x" l H
sectors. However, respondents generally rated all Montreal real estate sectors$ L5 Y+ W' u+ T: M7 `7 G
higher as a "hold" recommendation.
, e9 u v1 g; {
* Q) o6 X! n4 P+ j% N The report notes that best bets for investors for the coming years
0 f& S7 G5 C9 I6 W! yinclude a focus on all property sectors in the high-growth western energy
8 T$ A1 \/ J/ Smarkets, hold on central business district office space, develop infill condos
L% ^1 d0 }% | y+ {near subways stops in Toronto, buy infill sites wherever you can and invest
2 y- B7 O5 ]4 ]) L" |' d' noverseas. Potter concludes, "Domestic opportunities are too limited at current" c8 b& {; \7 u! I
prices."# u0 e, \- q* c' e( y
A copy of Emerging Trends in Real Estate(R) 2008 is available at
* z. ?- S, t, X+ Hwww.uli.org or www.pwc.com/imre. r, Q* W( `+ ` W( Q9 i9 Y
2 w; o* h4 w2 P/ V8 ~3 P2 z
About PricewaterhouseCoopers
$ F u: [0 n& n4 M/ C0 H9 b
0 _2 w9 U, t- x2 u6 M" X- F PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,
; z+ T0 ~ T6 v' C9 Z% Btax and advisory services to build public trust and enhance value for its! f- E5 s3 o" Y; S" v; J
clients and their stakeholders. More than 140,000 people in 149 countries
6 K5 r! g0 i: i# U) Sacross our network share their thinking, experience and solutions to develop
2 ~; ~& V& h' e5 J' n% _fresh perspectives and practical advice. Now celebrating 100 years of
5 k7 d' Q( b( Y$ aexcellence in Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its
* v6 k9 P. F( E7 j6 irelated entities have more than 5,200 partners and staff in offices across the
7 f: S$ ?$ b; a" C1 X& `country.
- P7 M7 f- T8 F9 H5 R' e l "PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario
. g$ k x& |, x" |; ^" \limited liability partnership, or, as the context requires, the2 o+ j3 P9 t9 w' h5 y' Z N
PricewaterhouseCoopers global network or other member firms of the network,
% q8 D/ E( l3 O2 j7 k* Zeach of which is a separate and independent legal entity.1 Y& \7 {2 K% ]" C
: l/ z+ r: Y! N( e About the Urban Land Institute
) e, F, W' z$ I# t- @' @3 G) I1 l
$ o& j" @1 r5 I; }5 {, E% g8 | The Urban Land Institute (www.uli.org) is a nonprofit education and( a0 j' I, B j8 M
research institute supported by its members. Its mission is to provide" S$ g. C% D+ a! N. @9 z2 N3 l: F( I! ?
leadership in the responsible use of land and in sustaining and creating0 g! I( _+ K9 G& ~! a
thriving communities worldwide. Established in 1936, the Institute has more0 e$ q" ~* \( c1 b, H
than 38,000 members representing all aspects of land use and development8 ~ |' i% [: s$ i" r
disciplines.$ x: Q, r' S6 ]' ]
The Urban Land Institute is an active and growing organization in Canada.
# j" G e! d0 FWith nearly 700 members across the country, Canada's first ULI District
5 `- S4 j) G1 Z+ S9 }Council was established in Toronto in 2005 and a second District Council is
; T1 _" g* A! K2 z: L" Vnow being formed in British Columbia. The Toronto District Council will be
/ r0 _6 N, J- r! h. }8 {7 shosting a special event on Emerging Trends in Real Estate on November 20th,
6 x% i a5 Z% e' T3 K2007, featuring Jonathan Miller, the principal author of the report, Blake# C% ?' t# Y; Q) G3 C. t
Hutcheson, President of CB Richard Ellis Canada Ltd., and George Carras,7 v1 D9 z( B* n0 O: x
President of RealNet Canada Inc. For more information on this event, please
N; w2 ^" z) y- v( N9 }call the Toronto District Council Coordinator at (647) 258-0017, or look on
! ^: R! Y+ j4 C( othe web at www.uli.org/events/index.cfm?id=3066.) `( P5 V3 r! ?8 K+ Z0 U
# H, b6 C/ F+ j9 Y! `
- N' z4 t- D7 z/ B1 h8 a9 c& l; L* N+ J) F
For further information: Carolyn Forest, PricewaterhouseCoopers LLP,
' M( d+ [3 M( h/ x4 Y2 X. |(416) 814-5730, carolyn.forest@ca.pwc.com
& D, a( W$ A3 e+ Lhttp://www.newswire.ca/en/releas ... r2007/05/c4080.html
2 ^" F2 b' i) P) p, C, K' ^- l5 \+ } V# P" w
[ 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
