 鲜花( 1)  鸡蛋( 0)
|
Attention Real Estate Reporters: + d# c, W/ T$ j
$ }6 q. w$ w7 x" K
Despite US housing woes Canadian real estate remains upbeat $ m! s ]6 {* _. T, ]
TORONTO, Nov. 5 /CNW/ - Leading real estate experts are predicting the US! r( L9 n- y) k" ~/ F1 ^! `
commercial real estate market will slow in 2008 and follow a similar pattern& N+ P0 k; e+ P% f
as the current residential market. However, according to the annual Emerging
4 M! y1 x: A6 }$ S# r. {Trends in Real Estate 2008 report, released by PricewaterhouseCoopers (PwC)
; l. j( c `; \' m9 G1 m1 D7 hand the Urban Land Institute (ULI), their Canadian counterparts are much more" N& T7 Q# x3 j8 O' Y/ _
upbeat.0 ~# q2 W" I7 w P5 d) ]: r
Now in its 29th year, Emerging Trends is the oldest, most highly regarded
, b9 m/ x$ M: ~' j4 h8 _annual industry outlook for the real estate industry. The report reflects: z" T( c) B$ B7 q# J1 J) R
interviews with and surveys of more than 600 of the industry's leading real
8 E8 h I# m3 F. F0 D5 p; sestate experts, including investors, developers, property company
) Q- S3 ^2 S) v' U0 ^representatives, lenders, brokers and consultants in both Canada and the US., g$ e( ^( x* Z* w2 ^- {- x" R
Other versions of this report are conducted in countries around the world& J. g. T# p3 a! _, h
including Asia Pacific and Europe.
9 t: f4 _% i+ f& X' n According to Chris Potter, PwC partner and leader of the firm's Canadian
# @! {1 E5 C0 Z/ o! N' p& gReal Estate Tax practice, Canada benefits from a more conservative investment
1 E0 \( U. W; C* Lenvironment than the US. "In Canada, institution-dominated markets appear to
- o8 U' w% _2 q3 t5 Gbe avoiding 'transaction mania', but real estate values have reached record+ ?1 c @/ U; i
highs and a strong economy has accelerated tenant demand for space."
; S. M8 e q( I, H* ^! [ According to American respondents, a healthy correction south of the. A$ U. N! \" O2 t) L D8 a9 \9 I% D
border will likely bypass long-term investors but penalize late-to-the-game
( b: f* J" b# d3 t/ E1 Sspeculators and overleveraged buyers. Canadian respondents to the survey
+ P4 F) ]# S/ z0 H3 ~- }/ vremain positive about sidestepping any serious impacts of this possible US$ j; W. F* R6 f" q3 t
correction. Close to 36% view their prospects for profitability in 2008 to be
( L1 ~+ Y( S a8 ^" b& Hvery good and a further 22.4% say they're excellent.9 B- F) J: p5 u& Y5 F8 `3 K4 d
The strongest areas of real estate business activity for Canadian2 v8 h/ ~0 C; Z, J8 h5 j2 w* L
respondents is predicted to be within real estate services, followed by4 B8 j$ v, X1 d- n0 ]8 q
commercial/multifamily development and homebuilding/residential land
# f1 G; F& d: l" V9 }development. All property sectors share positive prospects across the country( B$ ^' C8 o. ]: h
especially industrial and retail with respondents, on average, stating
. W9 P- r7 k6 \/ d. P6 xdevelopment prospects are expected to be modestly good to good. The
. p; x% a# v: D& Uresidential for-sale market is also expected to fair well, but might need to
& x) B' O; C9 }6 jtake a breather as homebuilders cannot keep up with the current pace and
5 a0 F8 \4 e6 z }) C3 H. z, Q' ]single-family housing looks overpriced.
P9 s- u; t. t" T% c, M- w; D Office stock is seeing limited inventories and dated product fill up with O2 ~$ Q9 I3 X! P
tenants. Except for Montreal, where office vacancies are nearing 9%. Canadian# k) I$ D7 m6 g
metropolitan areas boast below 5% vacancies, and rents have room to push5 x \9 @' ]2 \5 ~2 ^9 z/ J( r0 f: q
higher. The survey is also showing that costs and land scarcity is limiting. d5 d. Y$ e4 F* i4 P4 S
new development. Hotel investment and development prospects are modestly good,5 K* D* R8 T1 R/ o9 L
and most respondents rate this sector either a buy or a hold. Rental
3 v# {, s) L9 Z& Rapartments are doing well in major cities with high immigration flows. Primary
/ V$ }0 J3 V; ~. E+ mwestern cities - Vancouver, Calgary, and Edmonton - are veering toward housing
5 m1 H- F* l3 X8 X1 |. `6 ishortages as workers, attracted by a plethora of well-paying jobs, pour into4 Z9 l+ `6 G8 A3 N8 V7 U
the energy zone. Apartment occupancies are soaring in these areas. Development
* s' ^- `1 C% b' Xin other regions remains difficult because of costs and land scarcity./ G/ N, P) [$ g( s2 P
4 F2 P# U. H6 A/ j [
Canadian Markets to Watch
5 z' t" J: K6 T% A
# d1 ]6 U- D% w' h* l z The report comments on how Canadians like to live and work in central
0 f t+ @$ o$ d: E; Q+ ucities, as long as they can afford it. If housing is too pricey in 24-hour. p: o6 Q5 X. v1 ~
neighbourhoods, people move to inner-ring suburbs or beyond and commute back" h- n9 g+ n1 Y. l3 t6 ?8 H" J
into the cores. Investors, especially the institutions, are concentrated in, E8 a$ o P' |) X( ]( A1 W
downtown areas too. Planners and developers focus on infill and more vertical, c( U. j1 G9 a7 U. f& M# i7 b
projects, which reinforce the urban cores. The hot-growth energy cities out
+ N/ T: d# N2 V" Dwest - Calgary and Edmonton - score the highest ratings for investment" y0 w6 z* C: T+ T
prospects, development, and for-sale housing, although it is not certain* B3 r w* N( C. q* h8 ?) R) |, ^
whether the recent announcements on royalties will have any effect on this.
2 O# ~* s" W& o( q7 vToronto, Canada's premier global pathway city, and Vancouver also have high. M5 V5 w9 U! O- y& {4 m
ratings. Ottawa and Montreal follow, with Halifax lagging.
L% { g! Q/ S8 o0 E. _: |; B, b( @% N$ I- Y
Calgary/Edmonton
8 X: ?) c) J. O3 }' I! L7 M: t3 L8 B& I) U3 k) b0 K
Calgary is the Canada's "resource" capital and North America's number-one
" x' j: x% D W) ]: A3 qboomtown. Survey respondents foresee strong buys for all sectors: 53.5% give a
6 M! d) a4 |* v6 Wbuy recommendation for Hotel Property, 52.8% for Industrial/Distribution,
1 ]+ |5 z% u+ U. ~( u- y7 U5 z9 r7 k& G48.1% for Retail and Apartment Residential and 44.6% for Office Property.
) I& u" R+ a, X; T7 @Furthermore, on average the majority of respondents see Calgary For-Sale5 G7 Q/ A6 ?& d1 |- i
Homebuilding prospects as very good. Edmonton is closely mimicking the/ }5 d- Q1 X6 r: _* B
Calgary-style growth wave and as long as demand for energy resources stays) }3 I0 C6 i% O& S2 i
strong, this market will continue to do well., M3 L4 p& ^* g$ C
0 d! n3 |3 ]$ c
Vancouver# X( k1 Z' [7 N8 w9 e/ a
- {! ^- ]" J0 g; A0 m1 J4 l
Vancouver's diversified economy is roaring, the mining industry is! g' N% C- p1 X- C' A8 d! b
booming and the city provides a large port and a high-tech center. Outrageous
$ A4 w# _& }1 l9 rreal estate prices frustrate homebuyers and commercial investors and the
5 a- B5 M- f( `market is extremely hard to crack. The 2010 Winter Olympic Games is also a4 D& M, E5 l+ g+ S: k7 [) |* _
growth driver and accordingly 44.7% of respondents give Vancouver a buy: a) {9 V0 o/ J# {1 W; ], s) u
recommendation for Hotel Property. A further 43.5% give a buy Retail, 41.3%0 C4 e8 Q# a: v* r5 k
for Industrial/Distribution and 36.7% for Office Property followed by 34.1%
! r+ F5 K: A6 cfor Apartment Residential property. Vancouver also ranks in the good to very
$ N8 e. o! l; ? _good mark for for-sale homebuilding prospects.
/ c# d; F4 G B+ w1 ]( |, W+ i& B+ e; e2 V6 H
Toronto
; ]4 |8 J. o( o
% O# f3 S& l( X0 u Toronto ranks as a major global pathway destination, 24-hour city, and
* w9 M# `. I0 Emanufacturing hub. Compared with other national financial centers, the city is' L9 |$ k* P0 N; D/ _
relatively inexpensive. However, the rising loonie is hurting manufacturing
: ?& T3 \# V7 }industries, and clouds over the US economy threaten to stall out momentum.
" n' }. V$ c7 s5 v& ?Three new office towers are under construction, adding 3 million new square
& N3 h8 t& d' e0 E9 Yfeet of office space. Notably, Office (49.1%), Industrial (46.2%) and0 f/ M, M! h" i' h# x: i: u
Apartments (40.8%) are given solid buys.
. @7 K. W1 x9 ~( N, r, o
5 _( y: }* J' |* k0 k# P9 f Montreal( |: H" E+ k( i# z; X$ K' L( T
4 V2 x# g, e9 @/ w( [, P
Montreal continues to face concerns about market stability and overall
% C7 z: s1 m# h* C$ w, O6 b- Q- sgrowth prospects as major companies no longer choose it as a place to set up! D8 `2 i* p5 _
shop. But, plenty of government offices fill space. Of the larger cities in; P, q& o/ l( E/ ~' V
Canada, Montreal ranks lowest as a "buy" recommendation in all real estate- V: S4 c3 v# h% A" s9 ]$ ~( [
sectors. However, respondents generally rated all Montreal real estate sectors5 O# A8 V+ t* c* Z: E
higher as a "hold" recommendation.7 k3 z# U$ g! Q3 R9 [
% v3 x* S# U u t
The report notes that best bets for investors for the coming years7 t1 J' ^4 Z6 ^
include a focus on all property sectors in the high-growth western energy
0 U. ^ C: w" ?' X; @" Ymarkets, hold on central business district office space, develop infill condos! g- H }6 l7 g: F! [
near subways stops in Toronto, buy infill sites wherever you can and invest
8 r5 b$ p4 ]! z" L loverseas. Potter concludes, "Domestic opportunities are too limited at current8 {- L. x" a4 F$ k1 C
prices.": Q8 Y0 {& y4 g8 z
A copy of Emerging Trends in Real Estate(R) 2008 is available at
; e$ l8 {7 N( Jwww.uli.org or www.pwc.com/imre.
1 o$ c# M/ R' E# f; c
6 D) g( V$ O0 _ About PricewaterhouseCoopers3 _" B5 K ~ z& R m$ \4 R
0 U# u5 w2 K3 f3 n( {' d/ i% b/ i8 k
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,, M! i2 L- H' U4 C' J' B) D- G
tax and advisory services to build public trust and enhance value for its' _: }5 t( Y- r% O9 U
clients and their stakeholders. More than 140,000 people in 149 countries
% f9 A6 R1 t3 C+ j* ~across our network share their thinking, experience and solutions to develop3 c6 |8 D- A6 z* Q8 F( F3 }, S
fresh perspectives and practical advice. Now celebrating 100 years of) ?. d( v6 C/ ~/ o, F
excellence in Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its
) H/ p5 ? |; Q8 M* drelated entities have more than 5,200 partners and staff in offices across the
& b1 U# v. ]# ]* n# y7 ~- Tcountry.$ u8 _7 V7 C5 t( H9 ]' N% y! S- H
"PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario
W k1 K9 `) y* t/ y Z: _limited liability partnership, or, as the context requires, the. D/ q- V6 z' j8 I, I T
PricewaterhouseCoopers global network or other member firms of the network,
' J, _. |9 N0 ^. v: Z( L" peach of which is a separate and independent legal entity.
$ [% s# C# n" |8 E. e1 x; ?0 F. Z2 ]# z& n4 R
About the Urban Land Institute
' M+ Z. s) [- l* d3 h* m& Z0 s! O" H( N6 w! V* ~; n
The Urban Land Institute (www.uli.org) is a nonprofit education and
7 g+ k( n Z: d3 Z6 f$ zresearch institute supported by its members. Its mission is to provide, l3 [9 ?; ]2 d9 g! g! O
leadership in the responsible use of land and in sustaining and creating
$ s6 w4 E' [. @9 y& u i$ R( l) _thriving communities worldwide. Established in 1936, the Institute has more
4 w: E4 j$ b: k& Y1 S8 Fthan 38,000 members representing all aspects of land use and development- s5 }, T9 k) U h6 V5 a
disciplines.* ]* t8 H L) i! i7 w
The Urban Land Institute is an active and growing organization in Canada.+ T1 K4 m7 T" v$ k
With nearly 700 members across the country, Canada's first ULI District$ [) o# U" X4 W. O M
Council was established in Toronto in 2005 and a second District Council is
0 U6 v+ Q+ v& ~3 X' ^6 l* Qnow being formed in British Columbia. The Toronto District Council will be
& A! L( E9 p0 I9 e* vhosting a special event on Emerging Trends in Real Estate on November 20th,& F- ^& L0 ~1 h, R
2007, featuring Jonathan Miller, the principal author of the report, Blake
1 [ p2 S! s' U s" eHutcheson, President of CB Richard Ellis Canada Ltd., and George Carras,
! ]0 d' V" p' L) @ s7 DPresident of RealNet Canada Inc. For more information on this event, please: N+ W3 D6 X- f- a9 S9 j
call the Toronto District Council Coordinator at (647) 258-0017, or look on& {7 s5 M& F5 h6 S, f
the web at www.uli.org/events/index.cfm?id=3066.
$ d' i% D; N: I6 t
* Q; k5 Z4 v* F* W, s
7 Y+ q! U w% l6 i/ }- }0 ]8 r8 L3 C, T! j
For further information: Carolyn Forest, PricewaterhouseCoopers LLP,
& i7 \9 Y! L; V: o+ [% `2 w& `- V2 Q(416) 814-5730, carolyn.forest@ca.pwc.com" X p& W! {# y8 m
http://www.newswire.ca/en/releas ... r2007/05/c4080.html
3 l5 p6 Q6 I6 e8 I/ C" I7 y w+ n; H; m6 y3 i& H* `
[ 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
