 鲜花( 1)  鸡蛋( 0)
|
Attention Real Estate Reporters: 8 `4 O7 v, F' M, b8 T! w% q" m8 }
1 m: }2 w6 Z! [: i! z8 ]
Despite US housing woes Canadian real estate remains upbeat 0 [8 q4 F# e9 }+ P& c3 _
TORONTO, Nov. 5 /CNW/ - Leading real estate experts are predicting the US1 _& ]9 f1 C) F) f; y
commercial real estate market will slow in 2008 and follow a similar pattern1 W9 S, I3 K# c! K: M& [
as the current residential market. However, according to the annual Emerging5 j1 q1 q0 {- z
Trends in Real Estate 2008 report, released by PricewaterhouseCoopers (PwC)
9 f8 |4 V3 ]; ]3 K2 ]and the Urban Land Institute (ULI), their Canadian counterparts are much more* X [* Y9 h4 [) S. K2 k/ w$ ~! X2 {2 }
upbeat.; ]/ v8 v/ c: c6 K1 ]! }0 Q; d7 `
Now in its 29th year, Emerging Trends is the oldest, most highly regarded
3 @0 N4 N4 x G( O: [% lannual industry outlook for the real estate industry. The report reflects
4 r( _, A' g2 p9 F) `$ \6 ^9 o' yinterviews with and surveys of more than 600 of the industry's leading real
- Q+ V0 a* x8 eestate experts, including investors, developers, property company; J+ s2 A2 X* Y1 c
representatives, lenders, brokers and consultants in both Canada and the US.( H% k' R$ K( k6 M4 s
Other versions of this report are conducted in countries around the world
4 _- P% ]" N* e9 H' V, t6 Yincluding Asia Pacific and Europe.
) S" j7 J, ^ ^7 A According to Chris Potter, PwC partner and leader of the firm's Canadian+ S8 _7 s, w6 y9 y
Real Estate Tax practice, Canada benefits from a more conservative investment7 B h& h* R' _( f
environment than the US. "In Canada, institution-dominated markets appear to
: A0 N+ s; j+ h- i* x0 h) z* O$ Nbe avoiding 'transaction mania', but real estate values have reached record) @% B: l& A# }
highs and a strong economy has accelerated tenant demand for space."
+ P! r1 O7 q1 v1 g1 z# |& |4 g According to American respondents, a healthy correction south of the
) g% P. S( E4 t$ aborder will likely bypass long-term investors but penalize late-to-the-game/ V0 B6 K% M2 g1 j0 ~- r: ^
speculators and overleveraged buyers. Canadian respondents to the survey
7 v. |& h5 Z& T! Y$ Premain positive about sidestepping any serious impacts of this possible US
* u. J4 D+ U) ~) a8 f# kcorrection. Close to 36% view their prospects for profitability in 2008 to be
3 ~! k6 x0 w8 e1 X) o) |, [) b, Yvery good and a further 22.4% say they're excellent.
" ]9 r2 \/ ?" g+ L# s; @ The strongest areas of real estate business activity for Canadian. @+ e7 B9 |- O4 L- k
respondents is predicted to be within real estate services, followed by
7 {! A9 {: V. I! }1 m7 {commercial/multifamily development and homebuilding/residential land9 n; C5 ]% K" U7 x" v3 {9 q {% m
development. All property sectors share positive prospects across the country( j5 v6 f Z x. B
especially industrial and retail with respondents, on average, stating
+ G0 L' I8 v2 Q: U, ndevelopment prospects are expected to be modestly good to good. The* H Z' M! l7 N$ D6 H. P# C: w% c, w
residential for-sale market is also expected to fair well, but might need to
3 A" b. `. l+ ~5 X- v: C2 stake a breather as homebuilders cannot keep up with the current pace and( e9 w& h) c1 }
single-family housing looks overpriced.$ x) g: L& T; j. n( S
Office stock is seeing limited inventories and dated product fill up with& A ^8 x* M% p2 I
tenants. Except for Montreal, where office vacancies are nearing 9%. Canadian
% T" l, `2 g; o6 c5 Q& t) Q' Hmetropolitan areas boast below 5% vacancies, and rents have room to push
- _: ~4 @1 g' l s- Nhigher. The survey is also showing that costs and land scarcity is limiting
$ j G0 d: c' R) Pnew development. Hotel investment and development prospects are modestly good,
/ B6 |' v, l( Y, R8 I" tand most respondents rate this sector either a buy or a hold. Rental
8 W& h( k9 I$ `; a! Y) ?- }) sapartments are doing well in major cities with high immigration flows. Primary$ }+ d5 U0 f3 K( ~; \" P. N
western cities - Vancouver, Calgary, and Edmonton - are veering toward housing9 y1 i9 h8 M" _1 o4 _ R/ Q
shortages as workers, attracted by a plethora of well-paying jobs, pour into
; N$ f2 g7 U" @) P% I$ pthe energy zone. Apartment occupancies are soaring in these areas. Development
& |( ]( E6 l; C% U, X+ Q1 L1 sin other regions remains difficult because of costs and land scarcity.
* I; W5 \$ a; ]% [8 \! l9 p5 S$ P& q0 W
Canadian Markets to Watch. d; g# \( x1 Y* s7 O% t
4 t$ x- ~+ C7 P; j6 y
The report comments on how Canadians like to live and work in central4 h9 y7 I. i# n8 K' E9 [5 x
cities, as long as they can afford it. If housing is too pricey in 24-hour
, f; E5 C. L" m# w! v+ rneighbourhoods, people move to inner-ring suburbs or beyond and commute back
5 ~5 P0 s* @% T1 ?into the cores. Investors, especially the institutions, are concentrated in- E' o! D5 z$ C/ X% ^0 b
downtown areas too. Planners and developers focus on infill and more vertical5 V+ ~, R- f. E5 m
projects, which reinforce the urban cores. The hot-growth energy cities out
- F9 {" g( W* N) o. Y% v) i$ Twest - Calgary and Edmonton - score the highest ratings for investment( i4 p+ U, P6 L5 _. V# A
prospects, development, and for-sale housing, although it is not certain7 j- H" R3 h$ L3 {
whether the recent announcements on royalties will have any effect on this.' P6 M/ K' b- U$ t) K( ?
Toronto, Canada's premier global pathway city, and Vancouver also have high- _8 f! v+ `+ l+ w
ratings. Ottawa and Montreal follow, with Halifax lagging.* w6 Q) @. @4 M- Q
$ e+ K; c* U9 t0 K+ M8 k Calgary/Edmonton2 j+ f) f+ @( D$ {$ b7 i
5 W4 m3 z _2 A6 L0 Q* M# z! {
Calgary is the Canada's "resource" capital and North America's number-one
?) Y1 V$ f0 m [! b, _boomtown. Survey respondents foresee strong buys for all sectors: 53.5% give a
/ r8 d4 ~+ _3 ?6 z+ Dbuy recommendation for Hotel Property, 52.8% for Industrial/Distribution,
9 K" y! _8 ^4 P" ?* P& H* ^) \48.1% for Retail and Apartment Residential and 44.6% for Office Property.
% O* e# W1 @2 V: kFurthermore, on average the majority of respondents see Calgary For-Sale9 k' c& G- X3 r9 {+ Z
Homebuilding prospects as very good. Edmonton is closely mimicking the
* ~ \! C: U, @6 G+ F( ICalgary-style growth wave and as long as demand for energy resources stays
1 _- H4 w8 r+ c/ rstrong, this market will continue to do well.
`/ E0 z6 z4 q+ ~
! f7 h' S( w' r: g% p. L* Z Vancouver
' y- t8 U" O/ a+ v# p& ]# ]8 N7 ^9 f
3 F2 X0 z; C( {* f2 [) N5 k% p+ G Vancouver's diversified economy is roaring, the mining industry is
/ z: k. l) i/ L* k: x! dbooming and the city provides a large port and a high-tech center. Outrageous
! i% `) v& K Ureal estate prices frustrate homebuyers and commercial investors and the
! b9 J) W$ u6 s6 |* S3 [market is extremely hard to crack. The 2010 Winter Olympic Games is also a1 d6 |' V# e. X0 z( b) L0 F8 Z- @
growth driver and accordingly 44.7% of respondents give Vancouver a buy/ U) r! o( X4 G) O6 G; Q S
recommendation for Hotel Property. A further 43.5% give a buy Retail, 41.3%8 S* O; q. d8 ?- P) X7 M
for Industrial/Distribution and 36.7% for Office Property followed by 34.1%$ P6 c3 L) o& J) l7 [
for Apartment Residential property. Vancouver also ranks in the good to very- V# L/ F3 z& h1 B2 |
good mark for for-sale homebuilding prospects.+ k7 O( X1 v' S: H
" f# g3 |! R2 G( X' v, W' Z
Toronto8 c0 F% I: D) s
4 q# g) a* f7 n# T) h( q! i
Toronto ranks as a major global pathway destination, 24-hour city, and. n" O2 `; H. J% t* w
manufacturing hub. Compared with other national financial centers, the city is
h$ g$ \+ y) [! y2 {8 brelatively inexpensive. However, the rising loonie is hurting manufacturing
# H2 e6 ~, S& I, m' O( Gindustries, and clouds over the US economy threaten to stall out momentum.' n+ O2 `$ C4 k# G; `5 F( o$ X
Three new office towers are under construction, adding 3 million new square
, y/ ?- R7 E8 c2 Efeet of office space. Notably, Office (49.1%), Industrial (46.2%) and
/ l3 A( R7 Q& \0 E, c! u; iApartments (40.8%) are given solid buys.; D8 s4 B0 F, [- r
& F9 _/ T! T: J5 U. u9 K Montreal- n; R; a( ^* ~. O% ~! [+ D3 w4 `$ r
& w6 m! k- B. H0 A( A( |2 J Montreal continues to face concerns about market stability and overall- T8 P1 q0 c7 X5 R: j
growth prospects as major companies no longer choose it as a place to set up* [5 d6 c$ v% P$ _: S
shop. But, plenty of government offices fill space. Of the larger cities in
* a$ }8 a6 N- w% {" H$ RCanada, Montreal ranks lowest as a "buy" recommendation in all real estate* O9 P/ B, ~- T4 ^2 G6 O
sectors. However, respondents generally rated all Montreal real estate sectors4 B2 I9 \2 C2 o# `
higher as a "hold" recommendation.: r- n9 u' B. T5 B, V& ~
( B8 m; ^ O, Z4 @2 Y) D The report notes that best bets for investors for the coming years1 ^* N* n! m/ { [' K+ U: ?
include a focus on all property sectors in the high-growth western energy$ G( S9 z, N9 D; H" T* \
markets, hold on central business district office space, develop infill condos! {& m. m) g! R% z |3 e* V
near subways stops in Toronto, buy infill sites wherever you can and invest+ Z7 L% x: ?, g H
overseas. Potter concludes, "Domestic opportunities are too limited at current$ u2 t" c4 X' g
prices."
/ v/ l7 k4 H, _1 v A copy of Emerging Trends in Real Estate(R) 2008 is available at
. a% S8 Q' g4 @www.uli.org or www.pwc.com/imre.
/ [) ]: X5 y D5 c7 r9 Z7 ~. u* T8 _' M9 L
About PricewaterhouseCoopers9 t3 l% f3 L, K ?- _3 U
, h" [- ]0 R" \3 [& E5 e' z PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,
: Y- @6 X" j, X) htax and advisory services to build public trust and enhance value for its
8 H! E6 A+ b! B; C: Tclients and their stakeholders. More than 140,000 people in 149 countries6 V3 l: u: |4 {2 T: ^
across our network share their thinking, experience and solutions to develop0 m, ~% A8 \5 N9 d% w3 _- a6 f/ _ r% O
fresh perspectives and practical advice. Now celebrating 100 years of4 @2 s/ Y: i) w1 e7 N
excellence in Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its* M8 `% i E$ W
related entities have more than 5,200 partners and staff in offices across the8 O1 q+ S: W, t- ^- K C3 S2 l
country.! o! T/ f% U9 H/ E
"PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario L& E: F4 n- z5 ^
limited liability partnership, or, as the context requires, the* K3 G( I9 |) ?( c: x
PricewaterhouseCoopers global network or other member firms of the network,
8 u( \1 z- Y2 J6 f& f/ s neach of which is a separate and independent legal entity.. h o" V0 r2 }0 M0 J
2 @7 W" x8 F1 J$ u About the Urban Land Institute5 p6 N+ Y/ ^3 ^: s& ?* m# |! a+ S
+ }% g- J7 o9 E0 ]$ s The Urban Land Institute (www.uli.org) is a nonprofit education and
' T3 W4 Z# _, V- nresearch institute supported by its members. Its mission is to provide
+ ^7 b/ t3 V; d& L6 Lleadership in the responsible use of land and in sustaining and creating
$ x) T$ E a5 L9 c3 Cthriving communities worldwide. Established in 1936, the Institute has more
- \! h$ K. U$ J! xthan 38,000 members representing all aspects of land use and development0 P3 d( Q; o3 _7 h& H9 c3 ]
disciplines.: {/ t9 L4 e8 B+ `% w
The Urban Land Institute is an active and growing organization in Canada.* p- B+ q8 g( a) o
With nearly 700 members across the country, Canada's first ULI District
' A }. v/ y! w! ~Council was established in Toronto in 2005 and a second District Council is
" P1 R4 c. t7 m8 Dnow being formed in British Columbia. The Toronto District Council will be1 g |+ K8 Q& O3 H
hosting a special event on Emerging Trends in Real Estate on November 20th,+ S& l0 }% p! e, G$ m& s
2007, featuring Jonathan Miller, the principal author of the report, Blake
) y" {7 A9 A# p5 t$ R9 D. V8 w! qHutcheson, President of CB Richard Ellis Canada Ltd., and George Carras,
* n! t: u8 j1 @8 t- TPresident of RealNet Canada Inc. For more information on this event, please2 w* S* t2 ~- `* r# `, F+ h
call the Toronto District Council Coordinator at (647) 258-0017, or look on
. Q5 y$ p8 [3 z: f l& }% Ithe web at www.uli.org/events/index.cfm?id=3066.
# E& D+ X# n" f, z) e2 Q' `' e* `- C- p3 y' w0 ^% K0 k
1 I' x. b( r. s5 d% E( ~" [# B9 n* w* @
For further information: Carolyn Forest, PricewaterhouseCoopers LLP,+ }; r( J# t6 J. J5 w {' U
(416) 814-5730, carolyn.forest@ca.pwc.com
3 Y7 ?2 u, B' U" F7 Ehttp://www.newswire.ca/en/releas ... r2007/05/c4080.html6 Q% L+ e% R# A( V* Z' v4 C
' y; A* m n X' r$ 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
