 鲜花( 1)  鸡蛋( 0)
|
Attention Real Estate Reporters:
( L2 j2 w& E% z _& s: g y
% ~8 G) n0 h# X \8 S; n3 d; FDespite US housing woes Canadian real estate remains upbeat
7 s5 u% M9 s$ Q# ]4 d TORONTO, Nov. 5 /CNW/ - Leading real estate experts are predicting the US
( @) m$ c! o. ^commercial real estate market will slow in 2008 and follow a similar pattern
! ]3 ^& N) [8 e' B5 j- xas the current residential market. However, according to the annual Emerging
. t$ }1 i/ b# X. J4 t9 z. [Trends in Real Estate 2008 report, released by PricewaterhouseCoopers (PwC)2 Q; U4 w, C) H8 o4 G8 ^
and the Urban Land Institute (ULI), their Canadian counterparts are much more9 Q6 m' J; `8 K, E1 \$ n
upbeat.
( s2 g6 X$ v* }9 c/ D2 S: \ Now in its 29th year, Emerging Trends is the oldest, most highly regarded
+ y& [* [. a2 j7 |. Q! c. gannual industry outlook for the real estate industry. The report reflects5 m( j- Z, h. @8 a
interviews with and surveys of more than 600 of the industry's leading real
3 L- x/ l) v* X f' D- Z( T- P2 ]estate experts, including investors, developers, property company
1 S6 G6 b# j1 M" z( O5 H7 ^representatives, lenders, brokers and consultants in both Canada and the US.
, u3 v8 ^# R, @Other versions of this report are conducted in countries around the world
4 q" `$ W% P" N5 I1 I/ U4 J8 Rincluding Asia Pacific and Europe., q; M5 m+ m0 b3 t' g, I
According to Chris Potter, PwC partner and leader of the firm's Canadian
5 `3 i1 v" h1 N2 gReal Estate Tax practice, Canada benefits from a more conservative investment
: \; ^' ]7 q* W4 l( Y1 ~0 k- lenvironment than the US. "In Canada, institution-dominated markets appear to# I$ e( S. k4 q8 O6 ^
be avoiding 'transaction mania', but real estate values have reached record0 U1 O1 R/ s! l1 V0 o* }: K
highs and a strong economy has accelerated tenant demand for space."! a+ V2 P. T' L$ ^: {% B, _
According to American respondents, a healthy correction south of the
: r/ U$ B& N: s* {border will likely bypass long-term investors but penalize late-to-the-game+ B- W$ w1 i/ i6 P6 P* m: p
speculators and overleveraged buyers. Canadian respondents to the survey( d3 q$ B# N7 m$ x! Y j; `* X( z
remain positive about sidestepping any serious impacts of this possible US; y* a3 H" @/ m+ R! [$ r
correction. Close to 36% view their prospects for profitability in 2008 to be
7 J0 J6 F8 G' p2 _0 Wvery good and a further 22.4% say they're excellent.
; D# w7 q) _3 t; o0 C The strongest areas of real estate business activity for Canadian( N5 P, _0 q0 D% y. W# n$ w( q) l
respondents is predicted to be within real estate services, followed by$ Q& |) u \, P* ~- c0 P- R2 n) N
commercial/multifamily development and homebuilding/residential land
& d, d9 T4 q( b/ xdevelopment. All property sectors share positive prospects across the country
& d: X# x1 ^; p8 {: Aespecially industrial and retail with respondents, on average, stating
0 m- u; \- e2 S0 T! w; S6 y' gdevelopment prospects are expected to be modestly good to good. The; s3 W5 P) S0 e% ~: t1 O
residential for-sale market is also expected to fair well, but might need to
2 b$ N) ], A6 ?8 A9 q, Mtake a breather as homebuilders cannot keep up with the current pace and+ Y% U+ S, ?1 p6 v0 b/ }' T* t
single-family housing looks overpriced.; _2 g8 H# b% e6 z
Office stock is seeing limited inventories and dated product fill up with
, N0 P7 @: n: rtenants. Except for Montreal, where office vacancies are nearing 9%. Canadian& e# z/ Z9 l1 R6 P/ b
metropolitan areas boast below 5% vacancies, and rents have room to push$ r; V/ O, _# W
higher. The survey is also showing that costs and land scarcity is limiting
6 Q, f' y. `7 D) }new development. Hotel investment and development prospects are modestly good,
0 e, r1 b4 ]- B' U& A3 [) Jand most respondents rate this sector either a buy or a hold. Rental
4 Y+ |0 e4 q: P: Vapartments are doing well in major cities with high immigration flows. Primary
: F9 K/ o: M# x9 G$ K* Owestern cities - Vancouver, Calgary, and Edmonton - are veering toward housing
3 B* u, M Y p, F E# fshortages as workers, attracted by a plethora of well-paying jobs, pour into# g. Q, i( Y- ~4 N, C" Z
the energy zone. Apartment occupancies are soaring in these areas. Development8 G. v! P8 f& G8 z& P
in other regions remains difficult because of costs and land scarcity.
( R4 n* R; R2 B7 C
4 J$ g6 x2 h5 G! c7 X' S( B8 S- _' O7 k Canadian Markets to Watch
/ N8 T9 b& [2 @. P3 Z5 M
& i- I/ |) V; B8 @2 F The report comments on how Canadians like to live and work in central
1 G4 M: T) Q/ E! @' G7 scities, as long as they can afford it. If housing is too pricey in 24-hour
! D5 s0 H% w+ t3 p& u) Pneighbourhoods, people move to inner-ring suburbs or beyond and commute back: w% n3 x0 O& Y: h0 X
into the cores. Investors, especially the institutions, are concentrated in0 z5 T, N: O5 u' E
downtown areas too. Planners and developers focus on infill and more vertical# \* W% Z+ b# h1 ]
projects, which reinforce the urban cores. The hot-growth energy cities out
% y2 H5 j8 ^% A- Lwest - Calgary and Edmonton - score the highest ratings for investment, ?: k7 I7 v. f8 ?& w# a
prospects, development, and for-sale housing, although it is not certain
& S2 l2 K5 A" F4 cwhether the recent announcements on royalties will have any effect on this.
. @" U* U0 m% S' MToronto, Canada's premier global pathway city, and Vancouver also have high
3 ~3 @' @$ V1 p* iratings. Ottawa and Montreal follow, with Halifax lagging.! y( ~9 T3 V& P3 S
. w. x4 J: y! w6 d: r* Y Calgary/Edmonton1 P7 e+ j, Z" k- Z/ |4 z0 h9 p
( h$ V7 v1 X. x' A# ?
Calgary is the Canada's "resource" capital and North America's number-one
}8 {4 B* n( q. @( X" Z3 N2 C, [boomtown. Survey respondents foresee strong buys for all sectors: 53.5% give a
& I" D7 f0 g( x/ _buy recommendation for Hotel Property, 52.8% for Industrial/Distribution,
2 Z1 i- t, w3 h; [4 k& S" J( |48.1% for Retail and Apartment Residential and 44.6% for Office Property.( P+ J; I9 c0 U9 P
Furthermore, on average the majority of respondents see Calgary For-Sale
0 a( t/ V% E) l) S. pHomebuilding prospects as very good. Edmonton is closely mimicking the, r$ ?- u: e, C4 W, S' G; r
Calgary-style growth wave and as long as demand for energy resources stays
N' t; L& P& ]7 r' n5 [strong, this market will continue to do well.
: e$ B$ T% {6 p8 }+ r3 g% T O" F, ^' E0 Y
Vancouver8 [! E9 V8 r3 i& d) h
+ s7 l5 |' a9 [" P
Vancouver's diversified economy is roaring, the mining industry is8 l5 s+ F! c- t# g+ x' A
booming and the city provides a large port and a high-tech center. Outrageous+ `9 L% L6 i/ v" A3 J
real estate prices frustrate homebuyers and commercial investors and the* s5 K1 e J- I, K/ a# @
market is extremely hard to crack. The 2010 Winter Olympic Games is also a. f: M. h; X( |& e, `
growth driver and accordingly 44.7% of respondents give Vancouver a buy
, v+ {, ~: q5 v& t8 Trecommendation for Hotel Property. A further 43.5% give a buy Retail, 41.3%
( A6 k/ _0 e9 \' gfor Industrial/Distribution and 36.7% for Office Property followed by 34.1%2 x3 }) j1 B* b" X @: f' C% ?! G
for Apartment Residential property. Vancouver also ranks in the good to very& R3 Y, l! Z4 Q0 P
good mark for for-sale homebuilding prospects.# K0 W" c0 Z0 l: z# r! K5 x c
) Y$ @- @( E0 ^ Toronto& r2 l9 |1 ]3 r% _, t
7 M. u2 b% f3 w1 m3 r* p Toronto ranks as a major global pathway destination, 24-hour city, and
6 A6 u+ Y5 r2 i! y3 @( A% R% tmanufacturing hub. Compared with other national financial centers, the city is# e9 F$ q3 {8 q( j2 b6 I
relatively inexpensive. However, the rising loonie is hurting manufacturing5 \+ n1 }/ N7 `/ J3 y
industries, and clouds over the US economy threaten to stall out momentum.
3 e2 i+ E4 A+ _; T) yThree new office towers are under construction, adding 3 million new square
' p+ {# U) X) P( |feet of office space. Notably, Office (49.1%), Industrial (46.2%) and/ f6 k8 r( l' P
Apartments (40.8%) are given solid buys. T2 o' S s# D" e4 L* _; a
* v {! q/ U" V) r. U1 W
Montreal
0 S0 Q, e. A/ y" J5 t. s4 g1 X! D; E H: G* o4 w4 ^4 N4 U
Montreal continues to face concerns about market stability and overall" m# D0 A L5 g" M* s4 ]
growth prospects as major companies no longer choose it as a place to set up
8 m2 W$ `6 X8 O' c, z3 D* jshop. But, plenty of government offices fill space. Of the larger cities in, p6 t7 E4 I9 ?! s+ b
Canada, Montreal ranks lowest as a "buy" recommendation in all real estate
2 x9 b5 {/ w+ O2 P6 G) X4 R6 }+ Z, {sectors. However, respondents generally rated all Montreal real estate sectors
. m* g% k* d/ Ahigher as a "hold" recommendation.
* q( I) V: @! D5 j* A& g" T% r6 V- A" s9 `- o! H
The report notes that best bets for investors for the coming years9 F$ d: K; k! L5 z" }
include a focus on all property sectors in the high-growth western energy
+ H4 x1 X; U# z5 |markets, hold on central business district office space, develop infill condos
& r' R1 M1 `& E' x: [3 |7 cnear subways stops in Toronto, buy infill sites wherever you can and invest# p/ r: ?' d9 f- Z8 Q: t2 k
overseas. Potter concludes, "Domestic opportunities are too limited at current. v5 E. A& N! ^2 n( F
prices."7 c g5 }* C7 ?5 ~$ f. i
A copy of Emerging Trends in Real Estate(R) 2008 is available at2 n4 e; `! @( S% y U4 Y; D0 g% y
www.uli.org or www.pwc.com/imre.5 w3 L1 }9 U+ _
$ s8 I+ G7 \7 }( w, m About PricewaterhouseCoopers" k( k! b% m( b. Z7 l& x3 U1 r
/ }4 N& `2 G+ [
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,
' q% g" G& ?; B0 n! Itax and advisory services to build public trust and enhance value for its3 _6 j" s8 ^0 Q( A6 n1 v1 T
clients and their stakeholders. More than 140,000 people in 149 countries
! f/ F% L$ t. x+ N$ j5 Z& u1 \5 macross our network share their thinking, experience and solutions to develop
" x$ [: i, W0 ^" {1 ?fresh perspectives and practical advice. Now celebrating 100 years of
/ @* ], q3 o) ~& I6 s% Uexcellence in Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its
& Q1 m$ L. ]" F: f3 g( x( \related entities have more than 5,200 partners and staff in offices across the
* h9 B) f- @1 t! }" Qcountry.$ N/ Z z. l: x# e2 c0 M
"PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario/ H9 @$ l; U6 E+ |0 Q2 K
limited liability partnership, or, as the context requires, the
, A) H* t! v3 F1 I {PricewaterhouseCoopers global network or other member firms of the network,
7 m" v4 ^5 \ G8 Jeach of which is a separate and independent legal entity.
3 U' r" M- B) E/ _( C6 A) s9 X, c( w( X) _5 m
About the Urban Land Institute: L+ }1 T, N n$ g8 l: s$ t9 V
: L5 w5 B4 N4 K0 U# \4 E& U
The Urban Land Institute (www.uli.org) is a nonprofit education and
/ W& g2 C- @- xresearch institute supported by its members. Its mission is to provide
7 i# Q5 l- } m( i+ N' }6 D* Sleadership in the responsible use of land and in sustaining and creating
. u3 T5 M0 m# P+ A3 Gthriving communities worldwide. Established in 1936, the Institute has more7 R' |4 N/ i& G
than 38,000 members representing all aspects of land use and development
" l# M# u+ o" m* {; s5 F5 o adisciplines.
% k c* n+ z1 k1 ] The Urban Land Institute is an active and growing organization in Canada.
! D/ k9 M8 E, \* ~2 l/ xWith nearly 700 members across the country, Canada's first ULI District
4 I/ W- i# n0 ECouncil was established in Toronto in 2005 and a second District Council is# O. s, G; X; F9 N+ D- e
now being formed in British Columbia. The Toronto District Council will be
. l3 u* {- ^0 U% M% whosting a special event on Emerging Trends in Real Estate on November 20th,: k* ^# s' ~: S3 i, `" `3 `
2007, featuring Jonathan Miller, the principal author of the report, Blake. w; y1 r% w4 h- P @8 _0 d
Hutcheson, President of CB Richard Ellis Canada Ltd., and George Carras,( A1 {! Z6 L+ X5 M
President of RealNet Canada Inc. For more information on this event, please
8 X( C2 ~- ?; H k( G+ x) Q8 n- Lcall the Toronto District Council Coordinator at (647) 258-0017, or look on8 u* x1 @5 j- ?
the web at www.uli.org/events/index.cfm?id=3066.5 R4 f* Z Z8 P: z* }. h- `
. m3 Y; V p% s0 ?# `3 e
) |2 c# d; Y2 ~9 ~/ y* X& B( O5 j0 U
For further information: Carolyn Forest, PricewaterhouseCoopers LLP,0 Y# Z, v _; Y8 o! s$ K9 D$ L) N0 \' c
(416) 814-5730, carolyn.forest@ca.pwc.com6 F" g4 O& z+ ?. A6 s
http://www.newswire.ca/en/releas ... r2007/05/c4080.html6 m+ m1 z! a9 @" S3 O# ~4 i! Y3 ?
% B, Y A6 o0 f& b% U, g: U9 o! ?[ 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
