 鲜花( 1)  鸡蛋( 0)
|
Attention Real Estate Reporters: ! [3 @$ W+ n* l2 w/ x
' b8 `9 s7 }. E) ?) @0 C* iDespite US housing woes Canadian real estate remains upbeat , A9 ]9 G" ]6 \' Y O
TORONTO, Nov. 5 /CNW/ - Leading real estate experts are predicting the US
9 G0 n, W) ~! r% @& }commercial real estate market will slow in 2008 and follow a similar pattern" X1 f7 L/ `5 ]- A7 X, x2 g
as the current residential market. However, according to the annual Emerging1 o4 B" Q" i; t8 z0 T Z
Trends in Real Estate 2008 report, released by PricewaterhouseCoopers (PwC)+ j( B4 \ A2 o3 k( L
and the Urban Land Institute (ULI), their Canadian counterparts are much more
# _" Y% O3 d( C0 mupbeat.
9 H9 B# Z" h7 C; z$ S Now in its 29th year, Emerging Trends is the oldest, most highly regarded. x7 m4 o l5 C' Q% P
annual industry outlook for the real estate industry. The report reflects$ @2 ]0 J! s5 q' v. [% z2 ^6 F( f5 V
interviews with and surveys of more than 600 of the industry's leading real
, L# S, Z/ @, u; }7 ?7 N' nestate experts, including investors, developers, property company
- t1 y7 V1 s' v. Q* W/ @+ }representatives, lenders, brokers and consultants in both Canada and the US.# ?* x2 R" t# @/ H
Other versions of this report are conducted in countries around the world3 b2 @5 e6 y4 ^+ \- w$ h
including Asia Pacific and Europe.
! F: V/ Q8 x4 ^" x" @3 I According to Chris Potter, PwC partner and leader of the firm's Canadian3 U2 V. D' G& h: ~/ M
Real Estate Tax practice, Canada benefits from a more conservative investment
; C4 O |8 Z }environment than the US. "In Canada, institution-dominated markets appear to
. Z4 [/ U) V) L; z0 ]7 F, Jbe avoiding 'transaction mania', but real estate values have reached record
9 m8 N, n/ n- k& E1 w+ X( phighs and a strong economy has accelerated tenant demand for space."" l' n7 E2 L* M" R; ?
According to American respondents, a healthy correction south of the
" e0 c" d7 p+ l, f7 C' vborder will likely bypass long-term investors but penalize late-to-the-game ?! U( d; D+ [ C
speculators and overleveraged buyers. Canadian respondents to the survey
# g# _8 j7 T) v. \remain positive about sidestepping any serious impacts of this possible US6 S# L7 c0 D5 c6 f& }0 x4 b Y' O
correction. Close to 36% view their prospects for profitability in 2008 to be6 A. y/ ^/ R8 W( D* r
very good and a further 22.4% say they're excellent.
2 f1 h. a" s2 y$ Q The strongest areas of real estate business activity for Canadian
# `! R0 R3 w+ Hrespondents is predicted to be within real estate services, followed by
% o# ~6 L7 @6 @3 } ecommercial/multifamily development and homebuilding/residential land
: G+ d1 D7 b5 S; J& d$ udevelopment. All property sectors share positive prospects across the country& ^' `, U) S2 g, s! `4 H
especially industrial and retail with respondents, on average, stating$ U$ q/ j) W) e7 t" Z3 w
development prospects are expected to be modestly good to good. The
! f6 Q0 @$ j$ A* T2 w" V$ Hresidential for-sale market is also expected to fair well, but might need to' O8 W$ e2 d3 j" p% v. Y b
take a breather as homebuilders cannot keep up with the current pace and& \9 u0 I$ c/ v) H6 N
single-family housing looks overpriced.
3 W. [3 y2 ]0 d Office stock is seeing limited inventories and dated product fill up with$ G1 d d: \8 Z7 e: e
tenants. Except for Montreal, where office vacancies are nearing 9%. Canadian* W v# L4 |! C# j9 b/ I
metropolitan areas boast below 5% vacancies, and rents have room to push; @7 n: j1 C; W7 T; Z: h
higher. The survey is also showing that costs and land scarcity is limiting/ p% u. Q" y& Y1 q5 ^
new development. Hotel investment and development prospects are modestly good,
1 U$ m# Q4 S! o' V( }and most respondents rate this sector either a buy or a hold. Rental
2 S4 B! D) X# M: O5 c' Y/ V0 aapartments are doing well in major cities with high immigration flows. Primary
3 {8 c# `, l5 [/ p- k' \, Bwestern cities - Vancouver, Calgary, and Edmonton - are veering toward housing7 L, v' C4 @" s& O" G7 C' B
shortages as workers, attracted by a plethora of well-paying jobs, pour into
/ I# k. ]8 o- k) }1 t4 M) hthe energy zone. Apartment occupancies are soaring in these areas. Development# X% a2 Z6 S3 b4 x; [7 n
in other regions remains difficult because of costs and land scarcity.$ F( z! @8 b7 t" X
! D% r. ]6 M5 w0 c; g
Canadian Markets to Watch
* A) Q& E" Z, P; C/ m/ R/ f9 Q. g% K+ N9 j; R
The report comments on how Canadians like to live and work in central
8 Y* a0 E$ Z2 j& icities, as long as they can afford it. If housing is too pricey in 24-hour
. n- S5 y* Q" _) s. mneighbourhoods, people move to inner-ring suburbs or beyond and commute back
) H0 M% \0 Y0 r1 ]% Linto the cores. Investors, especially the institutions, are concentrated in
9 z6 Y0 W( y7 b# ?4 D5 V) Ldowntown areas too. Planners and developers focus on infill and more vertical
6 v) ^! y/ ~$ Tprojects, which reinforce the urban cores. The hot-growth energy cities out9 @. ~% ?5 j* _" Q7 L; d/ j
west - Calgary and Edmonton - score the highest ratings for investment
) T4 W1 [* m8 d, ^prospects, development, and for-sale housing, although it is not certain# d: C9 ?; j; F$ x+ ?
whether the recent announcements on royalties will have any effect on this.8 G) D$ h1 A: f9 |+ L" T
Toronto, Canada's premier global pathway city, and Vancouver also have high
: H7 [! v3 o/ Z, g' u! fratings. Ottawa and Montreal follow, with Halifax lagging.
6 j L8 G( |; V2 N
$ r: d; j% b5 c& ` Calgary/Edmonton
. H9 T, y/ `1 o- m) E7 |' @# f3 u; ~$ N: Y/ L9 T& _, M' P2 G
Calgary is the Canada's "resource" capital and North America's number-one( g8 B+ ?$ J/ t+ O' @/ Q% P
boomtown. Survey respondents foresee strong buys for all sectors: 53.5% give a! j5 x9 b2 d/ r" U F% q! C$ b8 F
buy recommendation for Hotel Property, 52.8% for Industrial/Distribution,0 ]- ~- O3 U1 [8 q# ~' G4 O* [
48.1% for Retail and Apartment Residential and 44.6% for Office Property.5 v- {* { l+ d- B: w/ q0 Q4 T
Furthermore, on average the majority of respondents see Calgary For-Sale9 Q" v/ E/ L* s& p! J8 q! ]
Homebuilding prospects as very good. Edmonton is closely mimicking the! Z) {# D8 `" ?8 W5 {( V
Calgary-style growth wave and as long as demand for energy resources stays
5 L! e6 N) y5 X- @+ o9 bstrong, this market will continue to do well.
( ^( k) v( C0 V" r( x* k- F9 g Y f9 k2 t! D4 \
Vancouver$ N, B j1 Y/ [4 r% m7 B4 ]
' Z) t1 F* f, u
Vancouver's diversified economy is roaring, the mining industry is
/ m, ?/ ^3 q! S4 L0 T mbooming and the city provides a large port and a high-tech center. Outrageous: F0 I F ]; Q j
real estate prices frustrate homebuyers and commercial investors and the. S) t! O2 d( w
market is extremely hard to crack. The 2010 Winter Olympic Games is also a. R/ U& j5 l; r2 o w
growth driver and accordingly 44.7% of respondents give Vancouver a buy/ y3 X: D# C" } Z" p" \
recommendation for Hotel Property. A further 43.5% give a buy Retail, 41.3%$ r1 D7 M0 G' v& n- w/ A+ B
for Industrial/Distribution and 36.7% for Office Property followed by 34.1%2 C$ b- ], C+ d+ d, Q% {7 E
for Apartment Residential property. Vancouver also ranks in the good to very" z; o( B6 Y4 q z2 G* n
good mark for for-sale homebuilding prospects.
$ q& g3 k* L5 R9 R+ G$ [" E, y( ~* q& a9 t) d6 @. F, G w* F
Toronto2 R; H" L# n% h1 l
( Y9 I d5 v" z# P- Z
Toronto ranks as a major global pathway destination, 24-hour city, and1 r" y1 k3 k" z
manufacturing hub. Compared with other national financial centers, the city is% {6 z( W- d1 e% s0 J4 f
relatively inexpensive. However, the rising loonie is hurting manufacturing5 p3 w4 V0 j2 C* J8 t7 u! [, H6 j
industries, and clouds over the US economy threaten to stall out momentum.8 a$ o" Q2 Y# H% l7 I: V
Three new office towers are under construction, adding 3 million new square; _% \/ H9 Q! _) q: F+ W
feet of office space. Notably, Office (49.1%), Industrial (46.2%) and
$ R M. y" A/ RApartments (40.8%) are given solid buys.& \/ G$ p" r8 h+ \& ~& @4 Z t6 ~% ^
, N" p% A! a K( U% n4 g2 l, Z! U: W Montreal
6 [ D& H# h5 c- t* L2 Z N5 h2 y* A
Montreal continues to face concerns about market stability and overall
: N) A, J7 [# |5 N, t% r7 I' n' ugrowth prospects as major companies no longer choose it as a place to set up
9 b0 S) Y$ U6 \% p- cshop. But, plenty of government offices fill space. Of the larger cities in% t1 U4 r/ ^4 J& L: _
Canada, Montreal ranks lowest as a "buy" recommendation in all real estate
2 S4 f x' c/ E; C# @/ s" ^+ ^1 xsectors. However, respondents generally rated all Montreal real estate sectors! o6 \% M1 |' V( b7 s, v) H
higher as a "hold" recommendation.
( }* r3 D; T$ h3 f5 F; d# f5 V9 @2 J' l9 o |5 p: @
The report notes that best bets for investors for the coming years3 \6 C% h4 u" @1 n' E
include a focus on all property sectors in the high-growth western energy
* Z8 ^7 Y3 l1 F, }! ]/ Wmarkets, hold on central business district office space, develop infill condos
/ E. u! U. i' p4 }# [near subways stops in Toronto, buy infill sites wherever you can and invest% e- Y. k, B; y7 W, s6 Q
overseas. Potter concludes, "Domestic opportunities are too limited at current* K8 H3 ?" A, I, s: ~
prices."* h5 H/ \, [" _: G+ U
A copy of Emerging Trends in Real Estate(R) 2008 is available at
- Z5 K6 |; k' ^9 z& Q- zwww.uli.org or www.pwc.com/imre.
& l+ d& }6 ?" f/ |* T& O; B( @0 N7 l1 q
About PricewaterhouseCoopers! {9 S' E/ Y/ A5 g
0 s. {* x( N/ |* H
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,
& I6 F7 _, C: K& Z/ D7 X- C+ l- ztax and advisory services to build public trust and enhance value for its
" k7 D* v1 j& S: s* w- u( C$ N2 o0 tclients and their stakeholders. More than 140,000 people in 149 countries+ C5 y: m" Q6 r) X# P& y
across our network share their thinking, experience and solutions to develop
% u: ]9 H6 l0 H+ r) Bfresh perspectives and practical advice. Now celebrating 100 years of0 y. o5 Q! I8 Q/ T( C
excellence in Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its! |4 m4 g& G' v; X
related entities have more than 5,200 partners and staff in offices across the4 h$ G- T2 S# ?
country.! e$ A; t' E" R! b
"PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario
1 i- B T4 B6 Z% }" Jlimited liability partnership, or, as the context requires, the/ O3 E K# O6 Q& b0 ^1 K3 r/ z% q" D
PricewaterhouseCoopers global network or other member firms of the network,7 }! h6 I0 ]8 v9 N. O5 x$ W
each of which is a separate and independent legal entity.
# j- _; x# S" m! |) K: _9 y3 K5 t# Z& G7 O8 T
About the Urban Land Institute
3 D% M# I: |. S; H
5 N2 Z! ^, i0 B; ~8 a The Urban Land Institute (www.uli.org) is a nonprofit education and$ \7 X* W- u9 {9 u5 f
research institute supported by its members. Its mission is to provide
4 c( B% R% l* {' a/ x- uleadership in the responsible use of land and in sustaining and creating
9 t3 k+ j- ?8 p) E4 w! ]thriving communities worldwide. Established in 1936, the Institute has more# X1 X: G0 K1 k9 A9 s, N& K
than 38,000 members representing all aspects of land use and development; S& n* K8 o/ g# ~+ J
disciplines.
e; e0 d; B" z# {+ g The Urban Land Institute is an active and growing organization in Canada.* B" ~1 C: @- Y' W+ d: `& ]
With nearly 700 members across the country, Canada's first ULI District7 q6 q: @" }0 A: e( Q, W
Council was established in Toronto in 2005 and a second District Council is
% k3 K0 v; c. ?" g0 K$ B. J4 `now being formed in British Columbia. The Toronto District Council will be
2 X- a; f( m* J5 Xhosting a special event on Emerging Trends in Real Estate on November 20th,
/ C3 [. I7 j: Q6 g* s4 N' z: A2007, featuring Jonathan Miller, the principal author of the report, Blake4 b7 _" K. u; z0 g% A; ~$ [
Hutcheson, President of CB Richard Ellis Canada Ltd., and George Carras,
8 G1 N- k1 T, h# Z. mPresident of RealNet Canada Inc. For more information on this event, please8 c' V% n# n& f" ^
call the Toronto District Council Coordinator at (647) 258-0017, or look on
" h$ [" ~6 W4 gthe web at www.uli.org/events/index.cfm?id=3066.; g$ h- m) }8 \8 ~
& o0 t' m4 h& \- d) A
: e- N% c* b" g: l. z- N- s! @. ]
7 k$ ^4 `1 i& `$ Q+ R
For further information: Carolyn Forest, PricewaterhouseCoopers LLP," R$ u9 u% f, X1 p
(416) 814-5730, carolyn.forest@ca.pwc.com
, ^8 w3 t; X, T0 ~. Lhttp://www.newswire.ca/en/releas ... r2007/05/c4080.html
4 r% k% ^% f) c* p$ G' v; M) }0 P) a
[ 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
