 鲜花( 1)  鸡蛋( 0)
|
Attention Real Estate Reporters: ' X( Q/ K6 i8 U: u) B
1 o$ L, I# f/ g; m: Y8 u# F
Despite US housing woes Canadian real estate remains upbeat 4 r; q7 n# e/ `5 ]2 t) l: G
TORONTO, Nov. 5 /CNW/ - Leading real estate experts are predicting the US
9 y s6 [7 J! h. Z0 Hcommercial real estate market will slow in 2008 and follow a similar pattern
! ^1 {8 R% y l0 e! {as the current residential market. However, according to the annual Emerging
G" |% U$ m# R: hTrends in Real Estate 2008 report, released by PricewaterhouseCoopers (PwC)
2 P9 s( `$ ]$ \$ V0 x& Aand the Urban Land Institute (ULI), their Canadian counterparts are much more& w0 T) q# X2 c6 Y1 b3 y; y: j& U
upbeat.
) o* R$ s8 R0 Z% i# @. l Now in its 29th year, Emerging Trends is the oldest, most highly regarded0 Y9 d% Y: @! ^+ m2 D
annual industry outlook for the real estate industry. The report reflects
) r) p; \% J4 g6 |* j' Q( |0 i' linterviews with and surveys of more than 600 of the industry's leading real, n3 M/ d/ _4 Z/ [7 G" [3 ~* U
estate experts, including investors, developers, property company t7 p) K9 g8 X9 g# ?7 p
representatives, lenders, brokers and consultants in both Canada and the US.
9 a2 {1 z. O. y5 s- o- P2 Y6 G- ]Other versions of this report are conducted in countries around the world9 q) H1 Y r/ R% w0 r0 ~/ o5 \
including Asia Pacific and Europe.) ]. S, [+ Y5 S! ]/ u5 \9 T: n
According to Chris Potter, PwC partner and leader of the firm's Canadian1 V9 J/ ?* e6 K1 l1 ]) J
Real Estate Tax practice, Canada benefits from a more conservative investment/ ~9 R( [; W7 |: a+ {
environment than the US. "In Canada, institution-dominated markets appear to
# ?1 H5 n5 ]% `# xbe avoiding 'transaction mania', but real estate values have reached record6 I' U+ N( n3 v3 g6 Y3 w
highs and a strong economy has accelerated tenant demand for space."
7 K. k& o w$ Q7 [3 f( C According to American respondents, a healthy correction south of the
3 |) w; w2 S( k+ m# f' R8 s" Bborder will likely bypass long-term investors but penalize late-to-the-game
3 _% d8 m" P0 gspeculators and overleveraged buyers. Canadian respondents to the survey
/ |. r& i9 ~3 ?6 Q6 V' l% Xremain positive about sidestepping any serious impacts of this possible US0 }. `/ W; b U4 u4 T
correction. Close to 36% view their prospects for profitability in 2008 to be- A- S' I C" F l: M
very good and a further 22.4% say they're excellent.
% b" l; v* O, f The strongest areas of real estate business activity for Canadian& s0 G. v; i( p7 H, `. W7 g/ t
respondents is predicted to be within real estate services, followed by# K0 E6 R- r7 Y) w0 q3 L
commercial/multifamily development and homebuilding/residential land' ~$ Z8 Y* r% a1 q5 h
development. All property sectors share positive prospects across the country
3 c! P; B" {: X& Jespecially industrial and retail with respondents, on average, stating1 [, T/ [8 q4 x6 a. H
development prospects are expected to be modestly good to good. The
; N3 }1 v: l# X' k5 { }: Kresidential for-sale market is also expected to fair well, but might need to
. @- L g1 W! g& g, G- ctake a breather as homebuilders cannot keep up with the current pace and
! t0 W# q' N5 \+ ?0 H, |single-family housing looks overpriced.
, N0 l7 c+ z q0 M) a. R" ?. _ Office stock is seeing limited inventories and dated product fill up with
$ o, ^+ D+ |* f( ~tenants. Except for Montreal, where office vacancies are nearing 9%. Canadian
- n# @' e8 n0 emetropolitan areas boast below 5% vacancies, and rents have room to push4 f' \% W4 J- j. l- v e
higher. The survey is also showing that costs and land scarcity is limiting
, N4 @4 Z! d; Z9 Q8 Inew development. Hotel investment and development prospects are modestly good,' [1 t1 }/ `) _$ {6 |2 I' S
and most respondents rate this sector either a buy or a hold. Rental
& R5 n1 P y5 X2 a/ ^7 ^apartments are doing well in major cities with high immigration flows. Primary- w/ p3 z: R$ {: C- @5 e, ] c
western cities - Vancouver, Calgary, and Edmonton - are veering toward housing
2 e8 S/ C4 x. f2 Tshortages as workers, attracted by a plethora of well-paying jobs, pour into' ^! a& j" n7 H }; I- _" M
the energy zone. Apartment occupancies are soaring in these areas. Development
% H6 Z/ S1 O2 V8 Qin other regions remains difficult because of costs and land scarcity.& `' O2 G& q& C
: n/ q d0 _: }0 c* c+ ?5 U$ a Canadian Markets to Watch! Y8 a. ]+ d R9 s# P. U& f
! O3 x- ?8 W6 a/ r$ K1 Z( [3 ~ The report comments on how Canadians like to live and work in central5 h e1 m9 Z) V& k
cities, as long as they can afford it. If housing is too pricey in 24-hour+ R/ l# {2 ^7 F/ n0 P
neighbourhoods, people move to inner-ring suburbs or beyond and commute back9 P8 [+ j4 U; |) S
into the cores. Investors, especially the institutions, are concentrated in9 b0 r4 t3 q5 N6 @ C' k+ ~1 U
downtown areas too. Planners and developers focus on infill and more vertical
# C0 D L/ r/ H3 H- Rprojects, which reinforce the urban cores. The hot-growth energy cities out
r4 c( _3 K- i. J {west - Calgary and Edmonton - score the highest ratings for investment/ F$ c7 ]6 A5 {4 b- {) E
prospects, development, and for-sale housing, although it is not certain. I/ j/ q2 ~4 Z2 }0 ?
whether the recent announcements on royalties will have any effect on this.
0 E, Q8 k0 a: l" W, T8 f I5 XToronto, Canada's premier global pathway city, and Vancouver also have high5 Z# c# ~; R9 _* W
ratings. Ottawa and Montreal follow, with Halifax lagging.
9 ~8 j, t2 }. W3 K# A2 e! q* b I s( b3 B; @$ s
Calgary/Edmonton
% |+ W- b, r( D% [" X$ k
L) e; V, Y% p# m Calgary is the Canada's "resource" capital and North America's number-one. N. ~9 Z1 ]7 B5 F. a' ^1 n3 e! y
boomtown. Survey respondents foresee strong buys for all sectors: 53.5% give a
1 z* ]3 |& J1 j4 w4 {2 w4 G' Xbuy recommendation for Hotel Property, 52.8% for Industrial/Distribution,0 B3 ^* s( O4 ^1 D8 v; Z% [" x, B
48.1% for Retail and Apartment Residential and 44.6% for Office Property.. c' z9 y" q) D' B
Furthermore, on average the majority of respondents see Calgary For-Sale1 E6 m* H& y8 T6 f8 l* ^
Homebuilding prospects as very good. Edmonton is closely mimicking the
: A9 Z5 Q4 ?/ C2 L. ?# F1 H1 XCalgary-style growth wave and as long as demand for energy resources stays: f, |) I$ l$ U" E5 @
strong, this market will continue to do well.
1 o/ v8 \2 {# e( a0 r9 J# j! y% q7 S1 n8 [2 h2 H' h/ z& M( H# \: n, |
Vancouver
: m( \2 |0 O( G/ ]; s3 t) X- A$ s) U2 h4 n4 V, B8 ]
Vancouver's diversified economy is roaring, the mining industry is+ j" V: b4 j3 o7 `! |# @
booming and the city provides a large port and a high-tech center. Outrageous9 @6 ^7 S, B" M2 Y
real estate prices frustrate homebuyers and commercial investors and the$ q7 @8 j% z! a# ?" |' h; k
market is extremely hard to crack. The 2010 Winter Olympic Games is also a" M u8 v' [" G Z7 e* X) y+ F& N. ]
growth driver and accordingly 44.7% of respondents give Vancouver a buy+ D& [- N' R* \$ Q" r
recommendation for Hotel Property. A further 43.5% give a buy Retail, 41.3%6 X2 `+ b' _" i( l" S/ U
for Industrial/Distribution and 36.7% for Office Property followed by 34.1%
8 @" ^# r; `. {6 \4 _for Apartment Residential property. Vancouver also ranks in the good to very8 f. ~* B+ U$ u. J" ~8 `
good mark for for-sale homebuilding prospects.
# C, v i6 [* c. b$ q
I' W( x( J8 [; i- t! B; { Toronto
/ }* F Y" L3 P. x. I: T) J8 l, Y1 Q) n$ [( m) d1 {6 S- x) ]
Toronto ranks as a major global pathway destination, 24-hour city, and7 V9 i- U! t# Z( P/ }
manufacturing hub. Compared with other national financial centers, the city is( X* U1 ]3 I; K# G0 F
relatively inexpensive. However, the rising loonie is hurting manufacturing
0 Q1 k! M5 e f. gindustries, and clouds over the US economy threaten to stall out momentum.
/ P; a( B: t9 Z+ rThree new office towers are under construction, adding 3 million new square3 g! v& Q) T% U+ J! C: Q( G4 o
feet of office space. Notably, Office (49.1%), Industrial (46.2%) and
, n* n( P6 p0 ]3 a+ GApartments (40.8%) are given solid buys.
2 b: f. I$ }* Z0 J% v+ v% C" ~* g4 y) u4 h& W8 g. i0 X
Montreal# \$ B1 B" I4 f7 p4 n( R
( S. ]: i7 |6 E5 C4 |/ n4 M0 t6 M5 i
Montreal continues to face concerns about market stability and overall
( J9 J& r& e7 ? |. V* o/ B: Jgrowth prospects as major companies no longer choose it as a place to set up# y/ w4 z, O1 e
shop. But, plenty of government offices fill space. Of the larger cities in
/ w; _8 ?0 z3 L- rCanada, Montreal ranks lowest as a "buy" recommendation in all real estate
! C; I( b2 n' Z9 v! Xsectors. However, respondents generally rated all Montreal real estate sectors* x& x8 l! y& ?6 J' d4 y& S+ R. W
higher as a "hold" recommendation.$ [/ t3 L4 J2 i8 H2 |
- E w/ T+ g9 w" M5 v! L' d( I/ L0 U3 Q
The report notes that best bets for investors for the coming years1 Q. |9 M, V& ? D9 T6 V$ v
include a focus on all property sectors in the high-growth western energy
% x" s$ C- _) Vmarkets, hold on central business district office space, develop infill condos+ ^' J0 ], q/ x9 K
near subways stops in Toronto, buy infill sites wherever you can and invest! e7 S4 v' }, I4 Q
overseas. Potter concludes, "Domestic opportunities are too limited at current; F5 N+ g2 f! ]5 |# F% y3 w5 V
prices."+ Z5 M$ T* Y8 Q3 v
A copy of Emerging Trends in Real Estate(R) 2008 is available at
2 }! w9 @7 b" P! Cwww.uli.org or www.pwc.com/imre.6 z& p' J# E9 ]9 s- s
# Y! t ~/ `; r
About PricewaterhouseCoopers
) d0 ^5 D) V+ w% e& h$ j6 ? p& y. M' ^. \. x
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,) }4 Q- ~9 j' ~6 a* q n
tax and advisory services to build public trust and enhance value for its
# H5 m( M# ]- [' _$ D6 tclients and their stakeholders. More than 140,000 people in 149 countries
" m( y% \6 X8 M- |) m4 nacross our network share their thinking, experience and solutions to develop
8 n$ y( K7 z! B F! F1 U! L1 H2 Hfresh perspectives and practical advice. Now celebrating 100 years of4 }- @: Z3 d8 {$ g' s
excellence in Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its3 s- ?6 R# v1 p: ~- G: v. P5 i8 m
related entities have more than 5,200 partners and staff in offices across the
, K' T4 z' C" V0 H( O. dcountry.; p, F2 `' n) B0 y
"PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario
' C8 C' {0 K0 x9 _- t1 Elimited liability partnership, or, as the context requires, the
. J' ^! Z, b1 g" d; CPricewaterhouseCoopers global network or other member firms of the network,# I- e' `0 T* ?* u1 m- f
each of which is a separate and independent legal entity., x8 z2 `! _: `) M( ]
% X# n% g1 T3 r5 b9 V" k About the Urban Land Institute, ~1 m6 t0 p2 ^% T9 Y. b6 j$ v1 @; x
" L$ W4 h2 j' Y7 r* J
The Urban Land Institute (www.uli.org) is a nonprofit education and
& F4 _/ L1 R& f5 O' s" r3 m# R7 wresearch institute supported by its members. Its mission is to provide# v& q/ t* \: V1 Z1 L6 L& H- V" x6 w
leadership in the responsible use of land and in sustaining and creating
8 H8 l* O9 ^0 c/ x H& Wthriving communities worldwide. Established in 1936, the Institute has more3 ~% i% k4 d$ D3 t- [0 R
than 38,000 members representing all aspects of land use and development8 a% r4 p. [2 j
disciplines.2 ~& f. L0 H1 z5 z4 E8 n
The Urban Land Institute is an active and growing organization in Canada.
# t2 d/ v! H# O6 f# x% ~With nearly 700 members across the country, Canada's first ULI District
7 A3 e! u3 \% RCouncil was established in Toronto in 2005 and a second District Council is4 u4 t; ~/ z4 y: D. _( z, \# h
now being formed in British Columbia. The Toronto District Council will be7 o& s1 z( C9 \0 _- E" M( H5 s
hosting a special event on Emerging Trends in Real Estate on November 20th,
0 m: C1 V' s1 G9 ]6 _- b& [, ^2007, featuring Jonathan Miller, the principal author of the report, Blake
8 p8 k# U8 k- f0 r6 T: K' ]! mHutcheson, President of CB Richard Ellis Canada Ltd., and George Carras,
, Y; i* L0 p4 ]President of RealNet Canada Inc. For more information on this event, please
/ R8 I( O* i) l" Mcall the Toronto District Council Coordinator at (647) 258-0017, or look on
0 H' A' M; Q" d( Ethe web at www.uli.org/events/index.cfm?id=3066.7 c4 ^ |% v7 K3 ~" G3 s
" i. `3 j0 \' o8 F9 ~1 f. K1 N& O! `& s' d( ~- a) L$ ?
5 p/ h" m$ b( N+ oFor further information: Carolyn Forest, PricewaterhouseCoopers LLP,; Q: Q' k' C) i# V4 t
(416) 814-5730, carolyn.forest@ca.pwc.com; d, o. m; c' S) n& d$ E
http://www.newswire.ca/en/releas ... r2007/05/c4080.html3 Y6 a- Q" I2 N# i7 `' _
! W% @1 _. K3 P. t3 Z* @, z; J
[ 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
