 鲜花( 1)  鸡蛋( 0)
|
Attention Real Estate Reporters: 3 F6 j0 Z( R. I# D
6 q8 E( l' l3 s' ^7 D
Despite US housing woes Canadian real estate remains upbeat + F( U+ }4 l* E5 V$ j* D: O
TORONTO, Nov. 5 /CNW/ - Leading real estate experts are predicting the US: ?" h8 ?) U" ?' w$ z. y7 ^* Y' I; [
commercial real estate market will slow in 2008 and follow a similar pattern
; o6 r1 w# j/ m, \9 b* S2 O- `as the current residential market. However, according to the annual Emerging* P& s+ v/ X8 v
Trends in Real Estate 2008 report, released by PricewaterhouseCoopers (PwC)
w: z& d9 }( l: ~7 wand the Urban Land Institute (ULI), their Canadian counterparts are much more
9 E u a/ P' _upbeat.: u/ |0 u' v2 u; I# L
Now in its 29th year, Emerging Trends is the oldest, most highly regarded o! h- u2 g) K1 W- \6 T8 a3 U8 q
annual industry outlook for the real estate industry. The report reflects
4 B% U4 g/ n9 \- j! vinterviews with and surveys of more than 600 of the industry's leading real* ^) g6 W- ^/ O2 m
estate experts, including investors, developers, property company4 Z: J# }' G* T% g
representatives, lenders, brokers and consultants in both Canada and the US.
" A# m* M# g4 [( U( W( X6 GOther versions of this report are conducted in countries around the world9 C4 D4 \) r, R( @' Y; j* ]( H. S
including Asia Pacific and Europe.3 U7 c! a" x+ _- n3 P0 \, {3 Z
According to Chris Potter, PwC partner and leader of the firm's Canadian, X: [1 ?3 k4 U7 Y, U3 y4 C7 U* |
Real Estate Tax practice, Canada benefits from a more conservative investment
, v6 E3 Y: M3 u" kenvironment than the US. "In Canada, institution-dominated markets appear to& }0 Z3 e7 z# z9 G+ P0 I- n! M1 |5 p) W
be avoiding 'transaction mania', but real estate values have reached record
+ u5 K" @% P/ Dhighs and a strong economy has accelerated tenant demand for space."$ S% ~& ~9 v2 H4 i
According to American respondents, a healthy correction south of the. M8 M% T4 U3 R, I( u: b& `
border will likely bypass long-term investors but penalize late-to-the-game
. q$ h9 _, r* h+ ~* p |speculators and overleveraged buyers. Canadian respondents to the survey) i' ] d) e1 l; j: O: _: v
remain positive about sidestepping any serious impacts of this possible US! W& d3 D1 [/ |; V5 m( b9 r
correction. Close to 36% view their prospects for profitability in 2008 to be F8 Q, c, c" [2 F! V- A
very good and a further 22.4% say they're excellent.
8 ?1 X! N! h# U' p# O# B. x1 ^: T The strongest areas of real estate business activity for Canadian8 A& D/ L; ]# X- Z# O1 C( }
respondents is predicted to be within real estate services, followed by. |! z! J0 V5 ]/ x- y
commercial/multifamily development and homebuilding/residential land
5 @/ x* I1 X+ X# Ddevelopment. All property sectors share positive prospects across the country
# w+ u, H/ V- ]! E( V9 W$ ^6 p8 |especially industrial and retail with respondents, on average, stating
4 H, _# m! y( w4 P: q) Tdevelopment prospects are expected to be modestly good to good. The$ {% @- P& l: k: b$ q. V* P
residential for-sale market is also expected to fair well, but might need to
6 u8 I& ]* M- K/ H; o) L! u+ ztake a breather as homebuilders cannot keep up with the current pace and: R: x! ^! j. S2 a# h! G8 `1 h3 {
single-family housing looks overpriced.
$ P: K& x: S6 t% W8 [; _/ F Office stock is seeing limited inventories and dated product fill up with
8 E. ~: }8 T, a+ A) Q& _tenants. Except for Montreal, where office vacancies are nearing 9%. Canadian2 ^# o2 R3 t! D# Y8 h ] O, U
metropolitan areas boast below 5% vacancies, and rents have room to push4 g9 \7 w6 r. M* p
higher. The survey is also showing that costs and land scarcity is limiting
- \5 O% R6 w. w4 A5 c1 `/ ~new development. Hotel investment and development prospects are modestly good,8 ?( k' X3 t( ?8 L; t0 Q8 z
and most respondents rate this sector either a buy or a hold. Rental
& i% o! f8 h8 R. i Z) Y/ Qapartments are doing well in major cities with high immigration flows. Primary
/ J9 c3 w! n. ^/ ^- Dwestern cities - Vancouver, Calgary, and Edmonton - are veering toward housing5 U i& v5 `" q; x7 P, c! f
shortages as workers, attracted by a plethora of well-paying jobs, pour into
& l3 D( a" Q# ^0 a- ithe energy zone. Apartment occupancies are soaring in these areas. Development
' A! Z! S. l+ B) R2 nin other regions remains difficult because of costs and land scarcity.
5 _1 C' U B% u n; \. X
~' B/ `& d6 o' b& g# _( r Canadian Markets to Watch
! _ f- ?( m+ T3 y" P# z, G
7 s( P! z. p9 U+ S! W d6 G0 o The report comments on how Canadians like to live and work in central/ f e+ h7 m8 K1 j2 v
cities, as long as they can afford it. If housing is too pricey in 24-hour2 U: @3 @3 r# \6 O0 _# _
neighbourhoods, people move to inner-ring suburbs or beyond and commute back
" U# c' v2 `: Q4 einto the cores. Investors, especially the institutions, are concentrated in2 j* O) }$ r! F+ d [
downtown areas too. Planners and developers focus on infill and more vertical
# N8 Y, H: _# l7 T. d- b2 R: o4 vprojects, which reinforce the urban cores. The hot-growth energy cities out/ L& x/ `- H: y2 d
west - Calgary and Edmonton - score the highest ratings for investment
# g+ v+ J* _$ wprospects, development, and for-sale housing, although it is not certain4 e! o* B7 S/ t' m
whether the recent announcements on royalties will have any effect on this.7 g1 a, R- T5 b
Toronto, Canada's premier global pathway city, and Vancouver also have high
4 B1 k7 U9 B5 P0 t: e* i' h$ pratings. Ottawa and Montreal follow, with Halifax lagging.# {, ^4 l! |! {8 m: J# e1 i2 Q
: g4 u* e$ J! Q6 v Calgary/Edmonton
1 V- d- t% f7 h( d r& y, }
7 Q' Z4 W1 e: F' ?8 D Calgary is the Canada's "resource" capital and North America's number-one7 j- R- u4 i; \' g% ^- l
boomtown. Survey respondents foresee strong buys for all sectors: 53.5% give a
0 d/ o. j) v0 I$ K' E& `# U& t9 hbuy recommendation for Hotel Property, 52.8% for Industrial/Distribution,
1 e# w( v: b2 B. U6 m2 h, u3 J48.1% for Retail and Apartment Residential and 44.6% for Office Property.' y6 a" t8 }+ W2 J& Y( |
Furthermore, on average the majority of respondents see Calgary For-Sale
. s5 J3 b% S. p" Q0 yHomebuilding prospects as very good. Edmonton is closely mimicking the
9 E1 O- y) J B: X+ d4 ECalgary-style growth wave and as long as demand for energy resources stays
+ d. [- z0 u" u, E Istrong, this market will continue to do well.% e/ w) P, g7 s: A0 q; a* [% k/ S
' m! A1 Y z0 [, C3 r% N Vancouver! u% N5 T2 d6 i- U- S
/ N6 d" i3 I, L( V: b5 q5 \ Vancouver's diversified economy is roaring, the mining industry is6 [/ ^ ?% X5 D2 }2 H9 O3 R8 J
booming and the city provides a large port and a high-tech center. Outrageous
. K4 b, t( m; H: P# m" m3 Z6 Y# {* Lreal estate prices frustrate homebuyers and commercial investors and the6 ^5 k- {2 W6 g9 S m
market is extremely hard to crack. The 2010 Winter Olympic Games is also a
, j7 M9 `0 K& ^, V. Hgrowth driver and accordingly 44.7% of respondents give Vancouver a buy
+ @5 ]9 X# d( Z% ^* _$ v) O) rrecommendation for Hotel Property. A further 43.5% give a buy Retail, 41.3%0 E# B a2 I8 V2 ~
for Industrial/Distribution and 36.7% for Office Property followed by 34.1%- h/ @' F; \5 r4 R% N
for Apartment Residential property. Vancouver also ranks in the good to very
9 Y6 ]$ _0 n$ P6 J! Egood mark for for-sale homebuilding prospects.+ g/ X0 X* L0 a; x4 ?+ [, i
/ F, |0 {9 ?. m& ?/ w
Toronto. e" L7 G3 Z/ D& L% Z0 b4 X
- e/ f1 D1 x6 [" q. I1 [/ ?
Toronto ranks as a major global pathway destination, 24-hour city, and5 _6 \ c; z" k8 N5 W3 {' l
manufacturing hub. Compared with other national financial centers, the city is
}/ v( a* P" ~1 Y3 I* H/ v) G; m6 S6 ]relatively inexpensive. However, the rising loonie is hurting manufacturing
3 _: ]8 ?* F) D6 ?! C: {# ^1 uindustries, and clouds over the US economy threaten to stall out momentum.+ [5 w' Q; w+ }* v
Three new office towers are under construction, adding 3 million new square
, j8 s3 x5 D {' t& sfeet of office space. Notably, Office (49.1%), Industrial (46.2%) and
+ e4 k& C \+ MApartments (40.8%) are given solid buys.
8 |6 M' N/ Z* z2 }! \% M* ^: P# b2 V* `
Montreal, b9 M" |) _% I2 V! Q: u+ F2 b
; U0 Q% E( h, G! `$ Z6 | Montreal continues to face concerns about market stability and overall. y @4 c7 y3 m7 Z6 L
growth prospects as major companies no longer choose it as a place to set up* k5 P/ Q4 p3 [9 t T6 {
shop. But, plenty of government offices fill space. Of the larger cities in
* l- `3 A# |; ]' y0 ]Canada, Montreal ranks lowest as a "buy" recommendation in all real estate
; u x1 I1 X: v9 }! R6 Vsectors. However, respondents generally rated all Montreal real estate sectors L! o. i0 I4 ~1 A$ n5 v1 v; E( s
higher as a "hold" recommendation.1 s$ X% ] W) K7 F- h" S" Y
, Q' u4 R6 w4 R# {
The report notes that best bets for investors for the coming years' L3 M6 v+ V1 T% ^, n6 |
include a focus on all property sectors in the high-growth western energy
" Z3 ?/ U* s' ~* {* H/ l+ gmarkets, hold on central business district office space, develop infill condos
7 O% B6 K# n% o# N' f: X: z- enear subways stops in Toronto, buy infill sites wherever you can and invest# u* k' b o) [: u& {" q
overseas. Potter concludes, "Domestic opportunities are too limited at current
5 E+ u# }, n/ F1 G$ ^& _prices."5 N/ |: p/ t- z
A copy of Emerging Trends in Real Estate(R) 2008 is available at# i1 c, i' n& W8 o
www.uli.org or www.pwc.com/imre.
( C3 w' Z( q: L) ~, D6 i
2 ~! V: S( q) G5 n5 h About PricewaterhouseCoopers, a- _! S7 G3 V
. Z9 O- M Y2 a: ~( K7 \+ y
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,8 Y$ Z+ L/ V, m) ^
tax and advisory services to build public trust and enhance value for its* Y7 w1 h" H9 {
clients and their stakeholders. More than 140,000 people in 149 countries
& B0 j, d& J2 Q6 {across our network share their thinking, experience and solutions to develop
0 c- I \' ?3 q0 U2 W) ufresh perspectives and practical advice. Now celebrating 100 years of
$ ? p2 h, Y& D* |excellence in Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its
1 u+ z8 ^; v" I, @. |9 v! Wrelated entities have more than 5,200 partners and staff in offices across the
: f2 }+ v; w. C- c8 ?country.7 Y" q$ K( m1 U2 B7 T
"PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario
* W$ n6 D4 M9 A3 Olimited liability partnership, or, as the context requires, the
" t: b- `2 v2 c# ` cPricewaterhouseCoopers global network or other member firms of the network,
. @& U# n8 \) aeach of which is a separate and independent legal entity.$ w* n+ V H# \
+ Z- X; D5 K" w
About the Urban Land Institute+ M8 k, {. a7 G9 \8 ~8 S- U
4 M, J5 w: z/ F' ]; U
The Urban Land Institute (www.uli.org) is a nonprofit education and9 c M, i# q2 V: z! u
research institute supported by its members. Its mission is to provide
; V( U0 q: A, i1 g' {9 ~0 jleadership in the responsible use of land and in sustaining and creating- ~0 r& A& p& ]+ {3 g3 z5 r8 f; u+ q
thriving communities worldwide. Established in 1936, the Institute has more% K' _/ l; E% q1 b, {. C# q
than 38,000 members representing all aspects of land use and development
$ D* `9 \$ G4 j+ n" @9 Zdisciplines.7 h( m! j4 @8 i8 }8 d
The Urban Land Institute is an active and growing organization in Canada.
- P+ o) n n& B6 n) ^With nearly 700 members across the country, Canada's first ULI District
( {! S2 u/ a. C0 y$ q/ m! x+ SCouncil was established in Toronto in 2005 and a second District Council is
$ c5 h L8 z: nnow being formed in British Columbia. The Toronto District Council will be
* t' M# L1 B/ Y# bhosting a special event on Emerging Trends in Real Estate on November 20th,9 F% o! x5 x! l& z. u
2007, featuring Jonathan Miller, the principal author of the report, Blake! E) k) u r& F% a) I2 E
Hutcheson, President of CB Richard Ellis Canada Ltd., and George Carras,
# k k1 D# ?" c/ r- ?4 _President of RealNet Canada Inc. For more information on this event, please
! K: `7 Y9 W7 Wcall the Toronto District Council Coordinator at (647) 258-0017, or look on
9 U7 e" A- [8 ]7 j5 w+ q/ T: Y! ethe web at www.uli.org/events/index.cfm?id=3066.
$ b0 m. ?+ }, m8 K7 N; i4 ^- P& P7 [
! Z# B& a9 T, i* b: T
' \; y1 X0 x& q8 R+ E; R6 V; rFor further information: Carolyn Forest, PricewaterhouseCoopers LLP,
: u' {2 b$ F0 o( c+ O) s(416) 814-5730, carolyn.forest@ca.pwc.com
* o* A+ d2 t& J) R+ ^( ]http://www.newswire.ca/en/releas ... r2007/05/c4080.html+ R& l. s& ~6 t2 s/ E5 Z* g( a2 o
. \; ^+ E. |" T3 a- 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
