 鲜花( 1)  鸡蛋( 0)
|
Attention Real Estate Reporters: 9 L9 }2 X0 o8 g, }0 R
$ n" u- y! l3 Q
Despite US housing woes Canadian real estate remains upbeat
# I6 v6 l( k2 g' V" ?5 T$ h3 _ TORONTO, Nov. 5 /CNW/ - Leading real estate experts are predicting the US
* w8 q ^- P% ]" w; K+ |commercial real estate market will slow in 2008 and follow a similar pattern7 F' q& [. T, w" d; ^; X& y& c
as the current residential market. However, according to the annual Emerging' ]8 H. h W, q0 G' \6 d* p
Trends in Real Estate 2008 report, released by PricewaterhouseCoopers (PwC)
# I7 o4 M" v5 ]5 K+ c5 Xand the Urban Land Institute (ULI), their Canadian counterparts are much more, S; v( C4 f* c5 q1 |
upbeat.4 B6 x( ^" C* D5 j! v1 G; W
Now in its 29th year, Emerging Trends is the oldest, most highly regarded
; j/ Z1 I: u+ G9 V; Y2 k Mannual industry outlook for the real estate industry. The report reflects5 i4 Y2 a" M+ n% n
interviews with and surveys of more than 600 of the industry's leading real! }' m' O7 g2 \$ k
estate experts, including investors, developers, property company
3 J* U; C1 E5 a3 Z: c; p% Zrepresentatives, lenders, brokers and consultants in both Canada and the US.) p! s4 d9 l( d8 Q3 ^$ a4 ^
Other versions of this report are conducted in countries around the world
. J% D8 G) Y3 M/ _/ G' V# V8 }including Asia Pacific and Europe.7 [1 G. H, V* I- O. K' w
According to Chris Potter, PwC partner and leader of the firm's Canadian
$ k; W* X0 A/ L) @4 {+ J3 tReal Estate Tax practice, Canada benefits from a more conservative investment
4 V7 A5 D1 w2 P5 H7 menvironment than the US. "In Canada, institution-dominated markets appear to1 _4 ?6 f8 ]! e3 }5 a! _0 a3 A
be avoiding 'transaction mania', but real estate values have reached record
' x5 d: L4 \5 _7 Bhighs and a strong economy has accelerated tenant demand for space."
, I6 w2 I4 ^; K According to American respondents, a healthy correction south of the
' l2 I3 v% K$ Gborder will likely bypass long-term investors but penalize late-to-the-game
, U: e+ p% ~7 o9 J& [' N" mspeculators and overleveraged buyers. Canadian respondents to the survey
' W# T1 i; B6 q1 N0 l" ]remain positive about sidestepping any serious impacts of this possible US
; g7 o y; \9 ]4 r" T/ u# \/ ccorrection. Close to 36% view their prospects for profitability in 2008 to be
7 ?- b' h( W$ k) y6 _- H: dvery good and a further 22.4% say they're excellent.
' y* e( P5 a/ M' L1 ]& Q The strongest areas of real estate business activity for Canadian
8 Q$ A, _; i' e* Srespondents is predicted to be within real estate services, followed by
9 _8 e& W9 ~9 [. U; D5 Z H) _commercial/multifamily development and homebuilding/residential land
3 C; D: @7 {* ]% a* Vdevelopment. All property sectors share positive prospects across the country. a, Z: v! U i! m0 K3 i" k) t& c, f
especially industrial and retail with respondents, on average, stating
( \- h8 s. x. Y- Udevelopment prospects are expected to be modestly good to good. The5 e- h" f+ g( ^# {3 |" ~, u u
residential for-sale market is also expected to fair well, but might need to
3 N# m2 l3 I5 }take a breather as homebuilders cannot keep up with the current pace and! \/ V6 d( M9 ~! X) U: O6 M
single-family housing looks overpriced.( b6 R. \6 c3 G* I0 q `7 p
Office stock is seeing limited inventories and dated product fill up with1 o* I5 r4 V2 }. @: V4 ?
tenants. Except for Montreal, where office vacancies are nearing 9%. Canadian
: q) H. t3 h+ `+ B1 E" W% imetropolitan areas boast below 5% vacancies, and rents have room to push
- Z8 V) d, k' F* @/ G$ H$ Phigher. The survey is also showing that costs and land scarcity is limiting% }: P; O4 R9 Z* g ~8 h- A* |
new development. Hotel investment and development prospects are modestly good,' s( s1 K" A7 R3 c3 m5 m2 Z
and most respondents rate this sector either a buy or a hold. Rental0 o* |( Q: b. H- k; d9 t
apartments are doing well in major cities with high immigration flows. Primary1 c/ C- |$ N* f7 x* h# [
western cities - Vancouver, Calgary, and Edmonton - are veering toward housing
4 ?# ~- J0 n$ i: Rshortages as workers, attracted by a plethora of well-paying jobs, pour into
& D h3 ^; L. i q) Gthe energy zone. Apartment occupancies are soaring in these areas. Development
( t; S: c" j; f2 O6 a1 X+ m% min other regions remains difficult because of costs and land scarcity.4 {- H# y/ n2 Q; A! H" ~
' x; ^8 U. G8 Y
Canadian Markets to Watch
4 l( H+ T* I) S8 G5 t) q
" n- `# h9 A. `+ { The report comments on how Canadians like to live and work in central4 ]5 a; S- E# b6 D9 [# R& v
cities, as long as they can afford it. If housing is too pricey in 24-hour+ ?1 t' I9 m; u1 }
neighbourhoods, people move to inner-ring suburbs or beyond and commute back `. V5 A) O1 Y" N' ?5 U# H u! Z
into the cores. Investors, especially the institutions, are concentrated in7 C& n% `& d/ x9 t( L4 |2 J4 \3 p
downtown areas too. Planners and developers focus on infill and more vertical2 Q5 G$ {$ H& H% E0 P5 |6 [
projects, which reinforce the urban cores. The hot-growth energy cities out- X/ l8 [4 K! O: ?1 ?: U8 d
west - Calgary and Edmonton - score the highest ratings for investment
- u, ^ {9 H$ w1 Wprospects, development, and for-sale housing, although it is not certain/ p# c# D& S, k3 y1 @7 q! o
whether the recent announcements on royalties will have any effect on this.( N% {5 r1 V: }! C
Toronto, Canada's premier global pathway city, and Vancouver also have high. b" O4 m: G0 x* }+ q
ratings. Ottawa and Montreal follow, with Halifax lagging.
0 F6 l$ a- i3 ]- J2 G' T6 ^& V# P8 ^2 x( F4 c: O( @
Calgary/Edmonton
$ R/ V4 u1 N5 a* z) z& S! N p7 A6 ?+ |8 o
Calgary is the Canada's "resource" capital and North America's number-one! c* ^# T/ R+ o$ {
boomtown. Survey respondents foresee strong buys for all sectors: 53.5% give a4 J' L- }9 q q
buy recommendation for Hotel Property, 52.8% for Industrial/Distribution,- D6 H1 e1 e1 ]: k+ U
48.1% for Retail and Apartment Residential and 44.6% for Office Property.
' s/ U8 z& w/ N$ }2 @" i* VFurthermore, on average the majority of respondents see Calgary For-Sale
+ x6 S" h3 h) C8 T! pHomebuilding prospects as very good. Edmonton is closely mimicking the7 g2 s' f) C% ^& K# W
Calgary-style growth wave and as long as demand for energy resources stays* ^2 N# q2 O1 e ^
strong, this market will continue to do well.
- r4 |& G0 `/ F1 C# p* `+ @9 v; C0 }. ]2 N$ i
Vancouver0 r$ N1 c$ h+ P0 @
; J: |$ u$ h, v* c: f Vancouver's diversified economy is roaring, the mining industry is
3 ?' P! [" x: i7 Rbooming and the city provides a large port and a high-tech center. Outrageous E& s9 ?; K4 G" V3 O( U1 s
real estate prices frustrate homebuyers and commercial investors and the/ p- P" A1 C7 C; _% A
market is extremely hard to crack. The 2010 Winter Olympic Games is also a
# y$ b' A0 H" Z" p& J7 igrowth driver and accordingly 44.7% of respondents give Vancouver a buy9 b3 \# W& G: j& e; ? y" e/ p
recommendation for Hotel Property. A further 43.5% give a buy Retail, 41.3%. U6 X3 c1 F- X: w$ c
for Industrial/Distribution and 36.7% for Office Property followed by 34.1%6 r6 r8 f( b2 y; J; T, X
for Apartment Residential property. Vancouver also ranks in the good to very( b% ~" l/ E% a* V6 l. |/ v
good mark for for-sale homebuilding prospects.
( J7 Y" U8 z$ m2 x" l9 V# F( H% D$ M7 x9 Q9 k% Y( @
Toronto
6 C# K/ H2 ^% |2 [$ Q
: F( J- a3 W6 W k6 m Toronto ranks as a major global pathway destination, 24-hour city, and: B. o$ s5 O3 O. R0 \" r. i
manufacturing hub. Compared with other national financial centers, the city is8 E2 i( N- p7 Q
relatively inexpensive. However, the rising loonie is hurting manufacturing
. a3 s y0 g3 C S- aindustries, and clouds over the US economy threaten to stall out momentum.4 q3 Y+ z7 s% g0 ]* I S
Three new office towers are under construction, adding 3 million new square' S; r+ m: j9 e4 D# |
feet of office space. Notably, Office (49.1%), Industrial (46.2%) and
2 F' y5 ~0 |: {# p( J, S6 RApartments (40.8%) are given solid buys.
1 M. J, G6 k$ z
* C! G' r! G! ]" M( n1 d Montreal0 d- a6 r) Q: `# Q2 y% J! Q
1 m* q3 b8 [# t i2 T& M, j Montreal continues to face concerns about market stability and overall
9 r! s8 R" b* [5 G( Q5 e* a. F6 Ygrowth prospects as major companies no longer choose it as a place to set up8 t# I# Y0 ?) H& Z# E0 f
shop. But, plenty of government offices fill space. Of the larger cities in
3 s" n* w" q+ D: C! G+ y1 W; ~( p: mCanada, Montreal ranks lowest as a "buy" recommendation in all real estate
8 c5 Q2 {/ Z5 T8 R& n' ~. q1 ^9 m9 Asectors. However, respondents generally rated all Montreal real estate sectors
' w7 r3 \2 i) e/ Uhigher as a "hold" recommendation.
. V; {. b4 P1 Y/ g5 `7 n$ j4 p0 }) M
The report notes that best bets for investors for the coming years
: k' x/ d) a8 c1 w+ Q2 m; L- U8 Minclude a focus on all property sectors in the high-growth western energy
( G( M- _! r8 z& D- S+ X' Zmarkets, hold on central business district office space, develop infill condos! _* q" z6 x* c' B* _' u
near subways stops in Toronto, buy infill sites wherever you can and invest% y- S) S4 _! @; n3 u
overseas. Potter concludes, "Domestic opportunities are too limited at current
( Q9 L6 }9 a/ y t4 i; N( [1 Oprices."7 J o/ Z. ^' @4 E/ s
A copy of Emerging Trends in Real Estate(R) 2008 is available at5 b% b; w& N' P U
www.uli.org or www.pwc.com/imre.
( y, ]: p, X A2 v( Q9 K0 ^6 D1 F, S0 n
About PricewaterhouseCoopers7 |( v* Z" K% v) g7 k/ ~$ w8 {8 M
+ f4 s+ L' l! X. _5 e1 r PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,! v1 p! g4 M" X( B) f
tax and advisory services to build public trust and enhance value for its( e1 l3 M* D' N% m% r
clients and their stakeholders. More than 140,000 people in 149 countries: A3 T* B1 X5 C6 ]7 L
across our network share their thinking, experience and solutions to develop
- U! z" ~4 G; T4 n. ?3 R& xfresh perspectives and practical advice. Now celebrating 100 years of
& s( v( T5 B9 s; q6 Z+ @excellence in Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its
6 h7 L2 Z H3 t2 e2 [related entities have more than 5,200 partners and staff in offices across the
8 y/ {7 Q% ?5 R* K3 H7 p$ v, xcountry.0 C" \) y9 a* e) Z% U2 M8 L
"PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario
' p' O, v5 I2 ~0 }9 ]1 R" Q, Rlimited liability partnership, or, as the context requires, the
& A6 i6 F( A% X, IPricewaterhouseCoopers global network or other member firms of the network,
% p0 K3 D: |# q: N7 l3 L1 _( D( `each of which is a separate and independent legal entity.
, v1 a/ F. c: f- v4 p
% G+ n& X. u8 y! U" B& i ~ About the Urban Land Institute/ v% t/ h4 ]& B7 u
& P: G. N2 i& e
The Urban Land Institute (www.uli.org) is a nonprofit education and
8 g( c8 |: J6 V- ]research institute supported by its members. Its mission is to provide
8 N& f! h% K, R7 ] l' Tleadership in the responsible use of land and in sustaining and creating
8 K2 j' G4 w7 x, w8 t* Dthriving communities worldwide. Established in 1936, the Institute has more2 z" Z6 ]/ Z! q
than 38,000 members representing all aspects of land use and development
8 }8 J5 t+ _) F8 `7 zdisciplines.
4 |/ `+ l7 P2 Q# L9 i The Urban Land Institute is an active and growing organization in Canada.- O* c6 O- I |5 W' q/ d. n
With nearly 700 members across the country, Canada's first ULI District r* Z$ \, j8 j
Council was established in Toronto in 2005 and a second District Council is! I6 D* O9 ~4 T3 }3 s
now being formed in British Columbia. The Toronto District Council will be
# g9 E& A5 Z7 z' l b- ~) Z. Vhosting a special event on Emerging Trends in Real Estate on November 20th,* _" R" E6 A4 p+ e2 u L
2007, featuring Jonathan Miller, the principal author of the report, Blake' _- N" I5 \) `3 J3 s5 E# a
Hutcheson, President of CB Richard Ellis Canada Ltd., and George Carras,
9 ~1 P9 h2 F8 J' L! w5 ?6 v X% GPresident of RealNet Canada Inc. For more information on this event, please
% |6 k# T1 r, g2 Z5 Z6 @0 L* X1 Fcall the Toronto District Council Coordinator at (647) 258-0017, or look on
# U: S6 T4 v" w+ G; [! K/ j; hthe web at www.uli.org/events/index.cfm?id=3066.5 Z x' [. z& L6 y
1 Q3 H( {+ m5 v( q9 y( K2 B5 r
2 `1 H: ~4 p* M) n ^" ]. E5 ?) A% ^9 j* \ D
For further information: Carolyn Forest, PricewaterhouseCoopers LLP,
; X' k q& @% L' n$ a(416) 814-5730, carolyn.forest@ca.pwc.com
2 `. P7 Y) I# E; f2 p4 s9 x2 B! {http://www.newswire.ca/en/releas ... r2007/05/c4080.html
2 ]. x+ A+ a' d7 R, u; g: O* K2 x
0 _6 z! a0 ~5 M$ v4 v/ y[ 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
