 鲜花( 1)  鸡蛋( 0)
|
Attention Real Estate Reporters: - I# T* E# c( n
0 w/ _& U8 ~% S! `; M* NDespite US housing woes Canadian real estate remains upbeat
, G3 i' a* ?2 o5 ?5 ] TORONTO, Nov. 5 /CNW/ - Leading real estate experts are predicting the US
' E: n; R. t/ Hcommercial real estate market will slow in 2008 and follow a similar pattern% |; y; w* q6 {$ v6 ?0 R# N
as the current residential market. However, according to the annual Emerging
5 |9 e- h' M" C: n: Y, MTrends in Real Estate 2008 report, released by PricewaterhouseCoopers (PwC)! ]9 A' E/ ]% V& A' `: Y/ m9 c
and the Urban Land Institute (ULI), their Canadian counterparts are much more; O5 N6 q6 w0 m5 a0 \
upbeat.
6 i5 u( m6 X5 h4 | Now in its 29th year, Emerging Trends is the oldest, most highly regarded
P* H# A: _8 _+ M3 t9 F/ aannual industry outlook for the real estate industry. The report reflects, Y$ p5 q7 K3 }& A X% R* ~- w
interviews with and surveys of more than 600 of the industry's leading real! j: f v8 Q& r2 u @
estate experts, including investors, developers, property company
# y$ F, J9 l% u% \* Krepresentatives, lenders, brokers and consultants in both Canada and the US.
8 I, E! X) B( t) OOther versions of this report are conducted in countries around the world
, t1 F3 _0 [0 \1 j% ?including Asia Pacific and Europe.
2 J8 j" m( b# w8 u* m+ T! o# r2 a According to Chris Potter, PwC partner and leader of the firm's Canadian
/ P" v T$ p$ y0 W+ H5 jReal Estate Tax practice, Canada benefits from a more conservative investment
0 G9 ]/ g/ { C0 ~5 Q2 benvironment than the US. "In Canada, institution-dominated markets appear to
: m- \4 _6 z% Ebe avoiding 'transaction mania', but real estate values have reached record7 V- x$ O- Q. _
highs and a strong economy has accelerated tenant demand for space."
; t* k! ?0 n$ h3 V a According to American respondents, a healthy correction south of the
' g3 c' d& g2 M! K* D, |border will likely bypass long-term investors but penalize late-to-the-game
' D' N$ ^9 T1 rspeculators and overleveraged buyers. Canadian respondents to the survey3 n5 Q) `4 [# k& k3 g
remain positive about sidestepping any serious impacts of this possible US# M r8 E0 Z4 }2 e
correction. Close to 36% view their prospects for profitability in 2008 to be
* {3 b* \+ i$ pvery good and a further 22.4% say they're excellent.
6 G4 r; U7 F- d3 w( B- }. {3 c% p) ? The strongest areas of real estate business activity for Canadian7 A3 R: r) Q- ~) L
respondents is predicted to be within real estate services, followed by, _' w7 L: m6 N1 \- u
commercial/multifamily development and homebuilding/residential land# e5 a9 m5 Q3 Y) g' k5 [) Y7 |
development. All property sectors share positive prospects across the country
' `/ l$ h4 o' U9 x% x/ A0 j+ Yespecially industrial and retail with respondents, on average, stating
0 G( ~4 P( J* @! d% M& |- gdevelopment prospects are expected to be modestly good to good. The
$ r- n F% k7 m, m0 I9 [; uresidential for-sale market is also expected to fair well, but might need to2 g& _; w3 D2 k5 x. g: T T
take a breather as homebuilders cannot keep up with the current pace and* ^4 C, ?' ?( X! `- f- v
single-family housing looks overpriced.
) Z4 X! g6 ~& p! v8 v+ l* |* K Office stock is seeing limited inventories and dated product fill up with
6 s$ Z+ w1 n! ~tenants. Except for Montreal, where office vacancies are nearing 9%. Canadian3 A1 S5 T$ w! E0 s
metropolitan areas boast below 5% vacancies, and rents have room to push
" _ \1 _ R% o4 ahigher. The survey is also showing that costs and land scarcity is limiting+ J& T n% {6 P; }
new development. Hotel investment and development prospects are modestly good,9 l8 z0 V! U* f
and most respondents rate this sector either a buy or a hold. Rental& T. O$ K6 }+ P7 ]% v' b
apartments are doing well in major cities with high immigration flows. Primary" E- A( {+ {! d! \
western cities - Vancouver, Calgary, and Edmonton - are veering toward housing3 r R. Z% N( n8 k- P; |9 |3 v! J
shortages as workers, attracted by a plethora of well-paying jobs, pour into
3 `% ?8 m5 U2 l+ ~" r6 U2 \the energy zone. Apartment occupancies are soaring in these areas. Development
+ }- H& }! F% z2 D! Win other regions remains difficult because of costs and land scarcity.
2 @0 Y& q' Y0 I& c& R* @) M- `5 u# c O. U8 V( m
Canadian Markets to Watch/ U0 ?. U) p" z: e, D$ g) s1 D9 e
% Z3 M* ?' T, _0 a- j. \
The report comments on how Canadians like to live and work in central4 r- P; x4 e! [, e0 P6 b& k: ?
cities, as long as they can afford it. If housing is too pricey in 24-hour
. K$ [' C: X( ?neighbourhoods, people move to inner-ring suburbs or beyond and commute back# g j* O- f! E
into the cores. Investors, especially the institutions, are concentrated in7 _: p& o; k" L8 F. L
downtown areas too. Planners and developers focus on infill and more vertical
6 J# J% s, J. V" s+ `* ?, Nprojects, which reinforce the urban cores. The hot-growth energy cities out
5 a! a% O- k# W# q9 pwest - Calgary and Edmonton - score the highest ratings for investment
& S1 [5 z9 \/ Sprospects, development, and for-sale housing, although it is not certain3 p& _9 f8 A, |/ l
whether the recent announcements on royalties will have any effect on this." p; \, ], o5 W$ p$ S
Toronto, Canada's premier global pathway city, and Vancouver also have high3 f3 [/ K$ g" `
ratings. Ottawa and Montreal follow, with Halifax lagging.
2 ]& G% s- \% L; z4 w" f
0 ~, ?3 @# y) H2 F! G! R1 l Calgary/Edmonton
. ] ]) t1 `+ R; x4 y6 R0 J! U V0 T) |/ l
Calgary is the Canada's "resource" capital and North America's number-one% G" i2 [' s. f/ D; V1 f6 b
boomtown. Survey respondents foresee strong buys for all sectors: 53.5% give a$ M+ e. |2 n! d( z5 U- ]2 L4 g
buy recommendation for Hotel Property, 52.8% for Industrial/Distribution,/ t8 V; c( f( Z8 ?4 O
48.1% for Retail and Apartment Residential and 44.6% for Office Property.& P" O A4 ^5 t0 I9 b
Furthermore, on average the majority of respondents see Calgary For-Sale9 ~9 h5 ]* F! ~. C
Homebuilding prospects as very good. Edmonton is closely mimicking the- p X& n' m, f% ]: g: [
Calgary-style growth wave and as long as demand for energy resources stays% T8 m1 X5 q2 Y5 W+ I8 C" N( g
strong, this market will continue to do well.
4 ?& J" O5 b; V) L& H ^2 a( E: N: S+ N& }0 F9 o
Vancouver
, q8 s% t- H6 m7 ` Q; w
# k) Y6 S8 E9 s! y Vancouver's diversified economy is roaring, the mining industry is
% v+ S) K. {, T' o& [* o$ W ^4 fbooming and the city provides a large port and a high-tech center. Outrageous$ b" q4 Y$ p0 I' }
real estate prices frustrate homebuyers and commercial investors and the$ d/ c# U$ f& ?5 n
market is extremely hard to crack. The 2010 Winter Olympic Games is also a
1 [6 R. J5 ~3 O$ ]growth driver and accordingly 44.7% of respondents give Vancouver a buy. V& U |* _" S2 y
recommendation for Hotel Property. A further 43.5% give a buy Retail, 41.3%4 l6 A% S. X# T% ~0 {
for Industrial/Distribution and 36.7% for Office Property followed by 34.1%
3 K1 O4 J6 b8 m6 b) b+ M ? V9 dfor Apartment Residential property. Vancouver also ranks in the good to very; c% l6 V1 \2 S8 _3 \5 S* T5 z
good mark for for-sale homebuilding prospects.; t2 E' y: x3 R! m9 j1 V% F; i. J5 W
! _8 }( i# N- b- J0 b
Toronto! A+ X) r) b6 \' k8 z" d: V: U U
; O' \! @+ Y. t* g7 I
Toronto ranks as a major global pathway destination, 24-hour city, and
% n, q Y: R+ F" Fmanufacturing hub. Compared with other national financial centers, the city is
; ~$ g7 ], |9 t9 w' Prelatively inexpensive. However, the rising loonie is hurting manufacturing
( K& U0 N6 |' l |: l8 a: }4 iindustries, and clouds over the US economy threaten to stall out momentum.4 w! |7 ?$ r# v7 u8 Q1 p
Three new office towers are under construction, adding 3 million new square8 d+ ?8 u; Y! N/ o5 Z
feet of office space. Notably, Office (49.1%), Industrial (46.2%) and
& L/ l6 L. K# R4 s2 l" WApartments (40.8%) are given solid buys.$ P# v& w0 @2 j/ B: L
; Y+ \1 H9 f$ S+ N- e Montreal
K4 V. N) f2 ^) Q3 v# J7 n
7 k$ |8 I0 M8 _; C) U+ Z Montreal continues to face concerns about market stability and overall
3 j/ W6 E" I1 Vgrowth prospects as major companies no longer choose it as a place to set up9 s+ _ @0 n$ n' N8 \1 K- R" B
shop. But, plenty of government offices fill space. Of the larger cities in
& P( B$ p9 n+ ^( oCanada, Montreal ranks lowest as a "buy" recommendation in all real estate2 j) L) f" u5 D* u& i# a$ i
sectors. However, respondents generally rated all Montreal real estate sectors8 ^/ e4 ^8 E6 f9 Z
higher as a "hold" recommendation.$ Z9 T3 A4 {+ C1 G/ D
) l5 i0 q; Z5 q
The report notes that best bets for investors for the coming years
5 L: l. G; H3 e/ A7 P4 [4 winclude a focus on all property sectors in the high-growth western energy
6 n7 ^# n a# z# x" ~+ @markets, hold on central business district office space, develop infill condos
) k/ H( J. z- @) M' F- onear subways stops in Toronto, buy infill sites wherever you can and invest
v( S$ n* s! L# L# T) ~! hoverseas. Potter concludes, "Domestic opportunities are too limited at current
+ T' H9 h( ^' y: {0 m% ^3 Lprices."
% w) m2 P% U+ Q3 f A copy of Emerging Trends in Real Estate(R) 2008 is available at2 C' @$ ], e8 K) U$ A
www.uli.org or www.pwc.com/imre.7 ~9 v; M g6 R7 ]3 J
, c$ q+ f, v, |+ A About PricewaterhouseCoopers0 C' p# \ q! Y9 o+ S3 y
" a" M" r, T/ F5 o4 B8 S: r PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,
7 |, v, x* s, [) I6 Mtax and advisory services to build public trust and enhance value for its
7 p( C$ U# w, b3 sclients and their stakeholders. More than 140,000 people in 149 countries
% w) s4 G7 x: G3 Lacross our network share their thinking, experience and solutions to develop+ T. m' }/ U# {+ Y; a
fresh perspectives and practical advice. Now celebrating 100 years of
- U4 P( x5 s0 [! xexcellence in Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its
) [. v( X8 T( o' f( irelated entities have more than 5,200 partners and staff in offices across the: q! l1 p3 D( x( i1 Y6 W3 C
country.
0 {/ ]) L2 ]7 E F8 b "PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario8 \3 @$ Q" E: K! _" U
limited liability partnership, or, as the context requires, the% M0 i" j3 b2 ]( N& `$ |
PricewaterhouseCoopers global network or other member firms of the network,2 e! t1 _) `) a( k* U. ]) I0 p" v
each of which is a separate and independent legal entity.
+ {4 j# E4 j6 K8 n
1 g' h2 F' d, z; G* e. Q About the Urban Land Institute+ _2 E8 U1 W" y9 P
5 f7 w2 X4 S$ [) n C
The Urban Land Institute (www.uli.org) is a nonprofit education and
0 H5 h: \4 X7 z- r" j$ m. aresearch institute supported by its members. Its mission is to provide
* G& V* z$ {& y# ~1 ~2 p+ {1 |leadership in the responsible use of land and in sustaining and creating
) J( \ {4 B8 j zthriving communities worldwide. Established in 1936, the Institute has more
4 ~6 F; K* ?# }; \( I0 e8 D2 N9 tthan 38,000 members representing all aspects of land use and development
4 E9 a# K2 Z/ |, R& Z4 N* T- Edisciplines.4 W& Z1 U3 d2 b7 ^! ~0 o" J
The Urban Land Institute is an active and growing organization in Canada.
! C5 T) Y7 y2 N5 ^With nearly 700 members across the country, Canada's first ULI District
% B, T+ B$ `& q% |* c' _- j" ^/ D; @Council was established in Toronto in 2005 and a second District Council is
6 @0 H# }" i/ J Inow being formed in British Columbia. The Toronto District Council will be, m" k# H) F _- S2 r. K
hosting a special event on Emerging Trends in Real Estate on November 20th,
% V, x6 J' t; r# `& f5 E+ E2007, featuring Jonathan Miller, the principal author of the report, Blake
) V% X4 j( S2 _9 eHutcheson, President of CB Richard Ellis Canada Ltd., and George Carras, @ R9 h* }. Q
President of RealNet Canada Inc. For more information on this event, please! C9 i% T1 V5 ]
call the Toronto District Council Coordinator at (647) 258-0017, or look on/ U Q o [; @' Z3 X; D
the web at www.uli.org/events/index.cfm?id=3066. S+ t" v) Q- e; Y1 i5 ~3 p7 x! v
\( y7 r! T: g" |
: Z4 o& A5 Y3 `
# ~7 O. _6 o8 `1 `For further information: Carolyn Forest, PricewaterhouseCoopers LLP,
+ ^, K4 v+ Z- [0 ~5 c(416) 814-5730, carolyn.forest@ca.pwc.com+ e6 h( a2 z- Z" Y
http://www.newswire.ca/en/releas ... r2007/05/c4080.html
; o' J% g& }4 b3 ^
7 h$ w5 Y2 _) r r5 A" `2 T[ 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
