 鲜花( 1)  鸡蛋( 0)
|
Attention Real Estate Reporters:
. z* C9 x% [* j1 ?) q& M" i
: |* X4 G/ B$ c1 g u% ~Despite US housing woes Canadian real estate remains upbeat $ g, \4 D- w3 e* {2 h$ }6 t, t
TORONTO, Nov. 5 /CNW/ - Leading real estate experts are predicting the US' o2 M4 b% M" M# A w1 `
commercial real estate market will slow in 2008 and follow a similar pattern, A. i( M1 ] Q3 ?: M7 a- b
as the current residential market. However, according to the annual Emerging
; A7 p+ \' A) @" a; e( F2 FTrends in Real Estate 2008 report, released by PricewaterhouseCoopers (PwC)
) @( J8 @: X/ l; Mand the Urban Land Institute (ULI), their Canadian counterparts are much more9 B2 y) Z8 l) a6 \1 g. I: ^
upbeat.
! j7 \0 W3 r- Y. u Now in its 29th year, Emerging Trends is the oldest, most highly regarded
2 v4 Z* @& q4 X( v: X n0 dannual industry outlook for the real estate industry. The report reflects
+ v! x) |8 o3 [& x0 vinterviews with and surveys of more than 600 of the industry's leading real" p+ ^: t& k+ T6 ?* @
estate experts, including investors, developers, property company
" x- ~; [5 ?6 W" {9 P9 Zrepresentatives, lenders, brokers and consultants in both Canada and the US.
7 H5 z! k8 E2 x8 D! H0 @Other versions of this report are conducted in countries around the world& @' V" Z+ L0 F
including Asia Pacific and Europe.
: Z+ O7 @. E$ x& m According to Chris Potter, PwC partner and leader of the firm's Canadian, ]# A/ t, T n( f& {5 W
Real Estate Tax practice, Canada benefits from a more conservative investment
5 `# \1 w9 a5 _environment than the US. "In Canada, institution-dominated markets appear to
* h: r# g3 f, `4 O; r2 C. `be avoiding 'transaction mania', but real estate values have reached record- b. A5 U, m* l2 Y2 d6 i
highs and a strong economy has accelerated tenant demand for space."
6 f m! j/ e& S- u5 a s According to American respondents, a healthy correction south of the
; b2 Z! C. W! g+ x' Yborder will likely bypass long-term investors but penalize late-to-the-game7 x; B2 v; ?+ H1 n( D0 _
speculators and overleveraged buyers. Canadian respondents to the survey( `' d% l/ `8 C& o5 o3 | m
remain positive about sidestepping any serious impacts of this possible US E+ d; N/ V/ z: k" a+ s- t1 r
correction. Close to 36% view their prospects for profitability in 2008 to be8 @% Z1 G5 K$ @
very good and a further 22.4% say they're excellent.
1 u" x: X! Y0 Q* a0 Z The strongest areas of real estate business activity for Canadian
9 _: O% |6 |, q* ]respondents is predicted to be within real estate services, followed by
0 y4 I6 j5 k. V2 n; _5 l( hcommercial/multifamily development and homebuilding/residential land$ f* ?& r L5 [. A$ L( j/ K
development. All property sectors share positive prospects across the country9 N' l2 Z. v& G! L' d+ [& l
especially industrial and retail with respondents, on average, stating
7 L; M. s! O4 x- u) G4 mdevelopment prospects are expected to be modestly good to good. The
/ ^+ @1 _! n: mresidential for-sale market is also expected to fair well, but might need to
5 E- }" E: o2 h! I* z( gtake a breather as homebuilders cannot keep up with the current pace and
& X& [( X' n+ M- l7 o, o fsingle-family housing looks overpriced." P* F. h7 R+ s
Office stock is seeing limited inventories and dated product fill up with* P! d/ d, e6 P; p7 f/ t
tenants. Except for Montreal, where office vacancies are nearing 9%. Canadian6 y7 ?# R3 k% ^# s; d I) D+ d" ?
metropolitan areas boast below 5% vacancies, and rents have room to push G: v3 }- m$ T0 j
higher. The survey is also showing that costs and land scarcity is limiting% C1 M, l/ G) s% H& e8 d
new development. Hotel investment and development prospects are modestly good,
* t1 C$ v7 k7 J! \1 Uand most respondents rate this sector either a buy or a hold. Rental
0 @0 i9 C/ q/ m( @; }apartments are doing well in major cities with high immigration flows. Primary# q6 Q! S- Z5 t q$ b, ~
western cities - Vancouver, Calgary, and Edmonton - are veering toward housing7 ~7 p A5 K( K- D0 ?: U) G: ]
shortages as workers, attracted by a plethora of well-paying jobs, pour into
+ L! x8 q/ f8 _/ mthe energy zone. Apartment occupancies are soaring in these areas. Development
0 M; U& |+ D6 C$ G9 [in other regions remains difficult because of costs and land scarcity.8 D0 \+ Y: n4 t# e
5 M7 Z" n% L* x6 E0 L+ @$ C$ M Canadian Markets to Watch/ V( r) d: @' X! |' p; N; B
0 U/ {- U' }8 L k The report comments on how Canadians like to live and work in central
7 o: E; E. L4 n1 gcities, as long as they can afford it. If housing is too pricey in 24-hour# v% J. m% P, V9 u. I" P5 q: ?0 g
neighbourhoods, people move to inner-ring suburbs or beyond and commute back* z8 V: {: a$ A5 g$ Z2 [2 g
into the cores. Investors, especially the institutions, are concentrated in, h& g2 H2 ^8 R3 {. ?# {
downtown areas too. Planners and developers focus on infill and more vertical" Q# e4 H8 _- i3 x, x. v& ~
projects, which reinforce the urban cores. The hot-growth energy cities out
6 ^; U+ N; b+ [; R( E& gwest - Calgary and Edmonton - score the highest ratings for investment; ~* F: F6 s- A8 A. E5 K
prospects, development, and for-sale housing, although it is not certain9 R2 R2 Y# P( _, I1 Y
whether the recent announcements on royalties will have any effect on this., r: R1 }9 Q% y3 [" }, d, f _
Toronto, Canada's premier global pathway city, and Vancouver also have high
/ ?7 g# [# e/ P8 q+ Oratings. Ottawa and Montreal follow, with Halifax lagging.
9 e8 d$ M8 K w0 D& Y6 V# M2 }" c0 e9 J# L, _( [
Calgary/Edmonton4 ?7 C7 o$ x9 T# m6 Q1 J) M/ Q
" `/ U! m0 d# X3 D2 i Calgary is the Canada's "resource" capital and North America's number-one
4 Y( u5 S, }; E4 x6 c7 c# Jboomtown. Survey respondents foresee strong buys for all sectors: 53.5% give a. W; c. k# b' N
buy recommendation for Hotel Property, 52.8% for Industrial/Distribution,
& |! M6 z3 d' b; a' ?! k48.1% for Retail and Apartment Residential and 44.6% for Office Property.4 i4 e& G) ?( c- x: f
Furthermore, on average the majority of respondents see Calgary For-Sale, W6 |0 Q& y3 j/ J0 Q6 L
Homebuilding prospects as very good. Edmonton is closely mimicking the2 C) ^3 W9 X8 H" K
Calgary-style growth wave and as long as demand for energy resources stays, I" W0 `' h; x
strong, this market will continue to do well./ m B1 X* e4 @# K3 r5 p9 \9 i
3 w$ Z6 k& n) {; @5 B- C
Vancouver/ x9 W& y4 O7 W" M& ~ G
9 Z! _& i% ]8 S1 t, ^5 s; m2 E
Vancouver's diversified economy is roaring, the mining industry is3 e8 |5 I: x+ O3 f" I) i q
booming and the city provides a large port and a high-tech center. Outrageous
. J$ t$ r& @4 D8 A0 y& T* Ereal estate prices frustrate homebuyers and commercial investors and the
" r5 |9 q2 Y; Y* A% d0 c2 [* Gmarket is extremely hard to crack. The 2010 Winter Olympic Games is also a& Z8 t/ Y7 n! E% B2 Y& Z- l3 L
growth driver and accordingly 44.7% of respondents give Vancouver a buy; K$ f) a4 U/ u) ~2 K+ N& m! w
recommendation for Hotel Property. A further 43.5% give a buy Retail, 41.3%2 N( U1 r, y* ?6 t8 e- [+ r' H
for Industrial/Distribution and 36.7% for Office Property followed by 34.1%
) R: M# C3 T) n g% Y$ Ofor Apartment Residential property. Vancouver also ranks in the good to very8 f! ?7 `2 \: l8 A/ W/ p9 v
good mark for for-sale homebuilding prospects.: V t0 h% \, u7 L Q3 O; N- n
' i" i# e4 _9 D3 p( r( V Toronto
/ u9 r1 z( N- w
" S4 Z* f' O$ U: {" j! x2 @ Toronto ranks as a major global pathway destination, 24-hour city, and# i& p( `) v5 M, P
manufacturing hub. Compared with other national financial centers, the city is3 C6 @7 v) T# \8 {5 g
relatively inexpensive. However, the rising loonie is hurting manufacturing! f: E N" Q( [/ R
industries, and clouds over the US economy threaten to stall out momentum.* ?4 e) n7 n* N9 | V- Q v
Three new office towers are under construction, adding 3 million new square) s9 Q* B+ Y3 H/ W- a n
feet of office space. Notably, Office (49.1%), Industrial (46.2%) and
* R4 B1 G- e2 u! g5 eApartments (40.8%) are given solid buys.
* v1 p8 ]) _. k! G. X2 e
: P. X7 |6 {2 t, W i8 ?1 i Montreal( Z+ l8 |( p( Y) u
# q- i6 B1 J" z, `# z! A: W7 Y
Montreal continues to face concerns about market stability and overall+ E0 d) g9 Q( L
growth prospects as major companies no longer choose it as a place to set up
, a# B" k* h, u/ B7 r# Rshop. But, plenty of government offices fill space. Of the larger cities in
T: ]# K% {* G4 W9 ]Canada, Montreal ranks lowest as a "buy" recommendation in all real estate
1 @. D" q+ J& j! R) K+ d. osectors. However, respondents generally rated all Montreal real estate sectors
6 A6 n: o: W6 j% x9 n$ j" r$ S) @1 yhigher as a "hold" recommendation.
: H" c. K2 y# l7 w% _3 w
+ M6 k% l) s2 |. A! I5 u* T- o( r The report notes that best bets for investors for the coming years
' ]) T9 M2 }9 M9 Y0 sinclude a focus on all property sectors in the high-growth western energy
. d& t/ o* h# k. i: _4 S I5 _+ pmarkets, hold on central business district office space, develop infill condos. N' o4 r; D4 ?. r# t1 ^9 \& C3 T! A
near subways stops in Toronto, buy infill sites wherever you can and invest
' z" j, \1 g1 P% A5 h% hoverseas. Potter concludes, "Domestic opportunities are too limited at current- I1 W" p) j6 c6 \* j+ L- Y% [6 Q1 A
prices."
4 \8 A s. y/ y! b |: A4 y A copy of Emerging Trends in Real Estate(R) 2008 is available at
: {9 r* H/ E, X9 ~0 D! Vwww.uli.org or www.pwc.com/imre.9 [* S6 J# M$ _1 u1 y9 d7 i
1 i1 Y( F& K, c About PricewaterhouseCoopers% k, ?! P& } }+ @' U& i
+ Z1 H' k$ `$ ~+ E" A/ N
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,7 X2 q7 U4 O8 n$ g& }
tax and advisory services to build public trust and enhance value for its
" w. X+ z: L7 [& B) gclients and their stakeholders. More than 140,000 people in 149 countries
' C* {5 U F9 C7 B. c6 uacross our network share their thinking, experience and solutions to develop K% `8 C4 _ x$ s- g! }' ] F
fresh perspectives and practical advice. Now celebrating 100 years of t5 c; \3 @. x8 p- l# h! A
excellence in Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its* R( s! l$ u) c/ Z5 y$ [
related entities have more than 5,200 partners and staff in offices across the9 F9 W6 M) i3 { q
country.
3 @( n& Q, v# y "PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario
4 {# F; K1 V0 T1 v8 [limited liability partnership, or, as the context requires, the3 E% R6 l3 k7 V( a
PricewaterhouseCoopers global network or other member firms of the network,
/ k% n/ k9 W+ v5 k9 I) Keach of which is a separate and independent legal entity.8 L5 H+ M4 n6 x) [# b
* {2 T8 c1 H2 z% t1 F About the Urban Land Institute
( v+ _; v+ N3 G( d
, I; ~. D8 D8 d% V' O/ X The Urban Land Institute (www.uli.org) is a nonprofit education and( F1 |% j1 {4 N- \' `
research institute supported by its members. Its mission is to provide
5 J( R) f; A9 f# @1 G* tleadership in the responsible use of land and in sustaining and creating1 ~ i9 X/ L9 w7 f
thriving communities worldwide. Established in 1936, the Institute has more
6 I+ n8 a4 G4 @ G& Gthan 38,000 members representing all aspects of land use and development' ~' A+ f ?2 Y; i. t) F6 X
disciplines.
* x E3 D( ~& v' y( k! z The Urban Land Institute is an active and growing organization in Canada.5 o6 Y2 q- q4 F
With nearly 700 members across the country, Canada's first ULI District
5 `& {) G: v$ U9 W- v. R7 XCouncil was established in Toronto in 2005 and a second District Council is
4 A" b, x2 _# N# C& r7 Q$ Qnow being formed in British Columbia. The Toronto District Council will be8 A2 G1 F: w# B# f& N1 X
hosting a special event on Emerging Trends in Real Estate on November 20th,
+ g+ Q% b3 h `$ B0 u& y2007, featuring Jonathan Miller, the principal author of the report, Blake
: B+ p& _8 s0 ~. T2 @1 @Hutcheson, President of CB Richard Ellis Canada Ltd., and George Carras,6 X- X& |; U# l; `8 Q( l1 A
President of RealNet Canada Inc. For more information on this event, please
; K# X9 P+ ^* Vcall the Toronto District Council Coordinator at (647) 258-0017, or look on
- A; D5 u: G% g9 ]the web at www.uli.org/events/index.cfm?id=3066.
/ I; `3 v& S9 Z9 \6 o7 [+ v3 O5 D2 y& h- D- f
! O3 u4 D+ L: l* }
. R# d4 J/ O# k: Y4 F5 Y
For further information: Carolyn Forest, PricewaterhouseCoopers LLP,
/ R7 F* j) P9 J4 M+ Y2 j; i(416) 814-5730, carolyn.forest@ca.pwc.com" b1 b( q7 y |6 r
http://www.newswire.ca/en/releas ... r2007/05/c4080.html* _0 e5 x; j' L: e( w9 f
! @8 \' f! I3 c[ 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
