 鲜花( 1)  鸡蛋( 0)
|
Attention Real Estate Reporters:
4 r* J1 O, M$ w: ~# f2 L5 ]; F$ H& v* P/ [( M N
Despite US housing woes Canadian real estate remains upbeat
; o; [+ c; W2 v+ N TORONTO, Nov. 5 /CNW/ - Leading real estate experts are predicting the US8 c4 i* y- T& @
commercial real estate market will slow in 2008 and follow a similar pattern9 p! u, |1 N2 n& ~! T$ p
as the current residential market. However, according to the annual Emerging
+ Q8 D( M% t% Z. p& J( LTrends in Real Estate 2008 report, released by PricewaterhouseCoopers (PwC). w& N- I% J& ?: X. J, D" i4 y
and the Urban Land Institute (ULI), their Canadian counterparts are much more
% T2 ]0 H" C, e3 y, v Lupbeat.
; M, j9 Z7 U1 [3 x/ P/ l Now in its 29th year, Emerging Trends is the oldest, most highly regarded, L: q7 E8 _; i z$ j
annual industry outlook for the real estate industry. The report reflects& h5 I# D0 E/ k! w, }5 s. m2 h
interviews with and surveys of more than 600 of the industry's leading real
! c: [# T# g7 B% }* x- Nestate experts, including investors, developers, property company# {! N) R* B7 m7 K( i# R
representatives, lenders, brokers and consultants in both Canada and the US.
8 W7 Q/ I0 q( f- ^Other versions of this report are conducted in countries around the world, p5 [: A& k j+ k: i' c
including Asia Pacific and Europe.9 N9 D4 o* R- W3 o U
According to Chris Potter, PwC partner and leader of the firm's Canadian
0 F: I9 {% K$ C* s7 PReal Estate Tax practice, Canada benefits from a more conservative investment
/ E% w! l( b' p: D' benvironment than the US. "In Canada, institution-dominated markets appear to
$ c; E( w8 S7 bbe avoiding 'transaction mania', but real estate values have reached record& P/ U. o& w4 i$ M, g t
highs and a strong economy has accelerated tenant demand for space."
1 R0 R) g1 m; {' a0 W; ~0 e According to American respondents, a healthy correction south of the
6 @) H5 p! n& _6 e! V. E3 y% z1 pborder will likely bypass long-term investors but penalize late-to-the-game2 }$ E+ ]+ |0 ]$ z: z
speculators and overleveraged buyers. Canadian respondents to the survey7 u& W- m/ g! j# A6 y0 |* [
remain positive about sidestepping any serious impacts of this possible US
' s& d" l* z m9 ecorrection. Close to 36% view their prospects for profitability in 2008 to be
4 U, G& n6 p- b1 |very good and a further 22.4% say they're excellent.) |- |1 w0 h% q/ S k
The strongest areas of real estate business activity for Canadian
5 O. c2 L0 v- ^" F) W4 \respondents is predicted to be within real estate services, followed by7 U3 Z. c' I+ ]- [) B; h
commercial/multifamily development and homebuilding/residential land
5 I& g/ V1 N+ x/ k8 |& x# \6 {development. All property sectors share positive prospects across the country
% F8 z1 Y3 C! x' {& a* [8 M" uespecially industrial and retail with respondents, on average, stating& t. B% s, E8 M3 V. Q# G! y; r
development prospects are expected to be modestly good to good. The
1 j E, O0 B& Y2 g& h$ ]& q0 u+ }residential for-sale market is also expected to fair well, but might need to
1 m/ E8 j8 r& _# Z* _8 @take a breather as homebuilders cannot keep up with the current pace and
, K2 e5 m" z" J* e& F1 F3 [2 q/ x/ Dsingle-family housing looks overpriced.
4 _* [3 o9 ^. e; y0 B! M Office stock is seeing limited inventories and dated product fill up with
3 J; M1 O3 F/ v9 s3 jtenants. Except for Montreal, where office vacancies are nearing 9%. Canadian
. \# u) C$ r! a9 I+ Z. v1 h4 lmetropolitan areas boast below 5% vacancies, and rents have room to push
: e- m9 ?. C3 L/ `9 p1 B- khigher. The survey is also showing that costs and land scarcity is limiting
6 {' H% O% l# A+ R6 pnew development. Hotel investment and development prospects are modestly good,
; K7 v$ \8 `$ wand most respondents rate this sector either a buy or a hold. Rental! C" J' O. X+ j6 h
apartments are doing well in major cities with high immigration flows. Primary7 l0 a: }$ B7 f. E. u
western cities - Vancouver, Calgary, and Edmonton - are veering toward housing4 C; _% v$ f1 p+ n
shortages as workers, attracted by a plethora of well-paying jobs, pour into) X# Y3 Z' i. M. s) \) j
the energy zone. Apartment occupancies are soaring in these areas. Development, n6 e N! |3 }8 K6 r
in other regions remains difficult because of costs and land scarcity.
7 s" @, K# a2 g: w2 ~8 a
3 T0 r6 l, S e5 I2 c+ [4 ` Canadian Markets to Watch
6 u/ B1 W4 Q1 a* {* y. h) i+ l! Z- \+ V- G
The report comments on how Canadians like to live and work in central9 K$ i$ ~0 p7 }9 {" E$ j
cities, as long as they can afford it. If housing is too pricey in 24-hour
! U5 F* H( X4 a/ E. Eneighbourhoods, people move to inner-ring suburbs or beyond and commute back9 k8 r$ q9 E& q+ u/ d3 O1 @
into the cores. Investors, especially the institutions, are concentrated in$ H+ q; n& q. N
downtown areas too. Planners and developers focus on infill and more vertical
! M5 a# K( ]& K+ u2 }6 {projects, which reinforce the urban cores. The hot-growth energy cities out. v) I) K1 ?$ c2 \- N
west - Calgary and Edmonton - score the highest ratings for investment) n( t, Q3 n8 v" W
prospects, development, and for-sale housing, although it is not certain2 h3 T/ ^# n$ I
whether the recent announcements on royalties will have any effect on this.
* E/ x" C# e1 m7 b4 I. V' _Toronto, Canada's premier global pathway city, and Vancouver also have high* q: |4 B8 Y( t3 `5 {
ratings. Ottawa and Montreal follow, with Halifax lagging.
( M; R$ [: \. a1 S9 Z! s" o- O" k/ N1 W
Calgary/Edmonton
& W* l; z* U4 }4 ~' ^# A+ ~5 c3 Q7 N* S- |
Calgary is the Canada's "resource" capital and North America's number-one5 @% u" r$ E& I5 w
boomtown. Survey respondents foresee strong buys for all sectors: 53.5% give a
/ F# R4 T4 C& N) F9 Kbuy recommendation for Hotel Property, 52.8% for Industrial/Distribution,
8 x: n, r0 d; I48.1% for Retail and Apartment Residential and 44.6% for Office Property.- w* t# I. k5 L. a5 C" Z- x
Furthermore, on average the majority of respondents see Calgary For-Sale
( u6 V8 @0 E- a2 I, KHomebuilding prospects as very good. Edmonton is closely mimicking the
: y4 P! h* F7 `5 v, ZCalgary-style growth wave and as long as demand for energy resources stays; D4 y K2 d. d- {) a( u# ]
strong, this market will continue to do well.
8 T( V* u5 X, b1 j. o1 m+ C* Y5 [
; U9 G' u# c" t. U1 Q Vancouver$ z* [+ K+ R& z. B) T: G$ m6 q( i; r4 y
; r- J' w; j4 I: F0 e Vancouver's diversified economy is roaring, the mining industry is* B% Z& i$ K/ @/ u
booming and the city provides a large port and a high-tech center. Outrageous
1 M4 b( d' S* f- Treal estate prices frustrate homebuyers and commercial investors and the1 d4 |) m, K# d. r& R ^1 K
market is extremely hard to crack. The 2010 Winter Olympic Games is also a
* y6 w D) A1 g( |+ G2 e) h% Jgrowth driver and accordingly 44.7% of respondents give Vancouver a buy; m4 i( s! T. S. D3 |
recommendation for Hotel Property. A further 43.5% give a buy Retail, 41.3%
3 L/ P+ G6 N; |$ E! |8 ?3 Mfor Industrial/Distribution and 36.7% for Office Property followed by 34.1%! ]5 k k2 B3 Z3 G7 g
for Apartment Residential property. Vancouver also ranks in the good to very! e9 o* c9 G M; o% O9 L
good mark for for-sale homebuilding prospects.
# X9 S2 E" k" F' z1 u7 Z( u' e
: d! H# |/ b7 P% A Toronto8 E& s9 G! e+ W3 `
! t9 ?+ S, b% P. _ Toronto ranks as a major global pathway destination, 24-hour city, and
& T8 a0 e$ c+ Z5 r& Z! y* N0 imanufacturing hub. Compared with other national financial centers, the city is
5 W7 }) L, ?* {* I0 Nrelatively inexpensive. However, the rising loonie is hurting manufacturing8 [$ h. z5 f) m( s
industries, and clouds over the US economy threaten to stall out momentum.3 \& v9 ~8 `- R1 g0 s: L0 j5 Z, L
Three new office towers are under construction, adding 3 million new square
( l* e! T" H( Y3 afeet of office space. Notably, Office (49.1%), Industrial (46.2%) and
- x. a, ^' H, w5 DApartments (40.8%) are given solid buys.
) X9 O' b: R6 v* H) {; k2 g2 W+ x$ a- H3 c2 J7 c6 e' ?% ]
Montreal
# Y! l* {! N( |& M9 O/ r( l u. Y, y- S! M: R4 A
Montreal continues to face concerns about market stability and overall
" K) i* f/ v" y2 Xgrowth prospects as major companies no longer choose it as a place to set up9 f- j4 R1 f; C
shop. But, plenty of government offices fill space. Of the larger cities in+ W3 m/ Y& b& x+ G0 w+ k* d
Canada, Montreal ranks lowest as a "buy" recommendation in all real estate- a, x% a, `2 B/ e Z9 M E$ Q
sectors. However, respondents generally rated all Montreal real estate sectors
! [3 f. Y5 q, ]higher as a "hold" recommendation.
2 u; X/ S- a7 d% v% c: V+ ^3 \% W" o. V0 K% l3 v
The report notes that best bets for investors for the coming years
% x0 U9 L6 Z# Y) y6 a# _* Q* ?# y8 ]% linclude a focus on all property sectors in the high-growth western energy
2 T! u1 ]1 ?% i. P; q' f6 a( k+ zmarkets, hold on central business district office space, develop infill condos* a" K) i t. R+ {! `( H
near subways stops in Toronto, buy infill sites wherever you can and invest
8 {7 b1 P0 d _" {6 C) zoverseas. Potter concludes, "Domestic opportunities are too limited at current1 w- Q! ?/ N7 r- {2 b2 d; q+ q
prices."6 W( X1 H" D4 i! [7 ~7 `
A copy of Emerging Trends in Real Estate(R) 2008 is available at
* l9 U D0 |' b, {! ?www.uli.org or www.pwc.com/imre.
9 E+ E* @5 k2 R7 D0 u4 t
( k8 F+ m/ d: K About PricewaterhouseCoopers
, w8 j+ Q5 B M6 D/ c: F- F8 {( B- v) E
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,
% j9 T9 m1 ]% y7 j% ? n- dtax and advisory services to build public trust and enhance value for its
, U" S. l: E/ e* _: u/ h# l- r7 u- Jclients and their stakeholders. More than 140,000 people in 149 countries
) c2 L' C; e: y/ v9 V, q9 W, Qacross our network share their thinking, experience and solutions to develop2 [ K& V7 w _9 o s- v
fresh perspectives and practical advice. Now celebrating 100 years of( ?; K3 G( p. ~) i; U& ^# H3 [
excellence in Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its
# p0 e& @4 V- C' Crelated entities have more than 5,200 partners and staff in offices across the
1 n5 N( l$ |6 `" f* E/ P: W" Dcountry.
e4 s Y7 w7 g# Q- w, k* _8 x "PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario
; [: c/ u0 R) D$ g1 e ]limited liability partnership, or, as the context requires, the
! s* C5 g3 U& ]0 p2 I* RPricewaterhouseCoopers global network or other member firms of the network,7 M, M4 L6 F! V: ?. M
each of which is a separate and independent legal entity.
' E3 G/ u1 u- S. d; T+ c' a% b
" c. V$ S( a, M7 s2 @) n: E6 L4 f About the Urban Land Institute' s6 o1 D1 `' Q G& D7 V1 L
! X4 T8 W0 h" s The Urban Land Institute (www.uli.org) is a nonprofit education and1 @2 ]) R8 h5 F" s
research institute supported by its members. Its mission is to provide
V( s0 A& F# ^6 uleadership in the responsible use of land and in sustaining and creating
- e$ l. R6 Q/ \( J0 E: g- @thriving communities worldwide. Established in 1936, the Institute has more
7 u% O1 a# L1 D9 S7 Y' Qthan 38,000 members representing all aspects of land use and development& B& M' B; l( j: h
disciplines.
0 i: u! Y) ~' `) j! y The Urban Land Institute is an active and growing organization in Canada., F1 P. M( [- ^$ c, K
With nearly 700 members across the country, Canada's first ULI District1 t/ `; `5 c9 c
Council was established in Toronto in 2005 and a second District Council is! l- o* Q% A5 O& u* c7 R( ]$ |* d
now being formed in British Columbia. The Toronto District Council will be2 U" k! p7 S' s2 m
hosting a special event on Emerging Trends in Real Estate on November 20th,+ n& t" O3 n, X! c, S) v
2007, featuring Jonathan Miller, the principal author of the report, Blake
; k" G4 L) m& d$ g4 B' BHutcheson, President of CB Richard Ellis Canada Ltd., and George Carras,% B/ T, [$ C- i, r9 P: Q
President of RealNet Canada Inc. For more information on this event, please9 \. A* g7 a8 n
call the Toronto District Council Coordinator at (647) 258-0017, or look on
, F6 w5 n9 Y3 U3 L2 w& cthe web at www.uli.org/events/index.cfm?id=3066.7 H$ f5 g% ~" o' O9 P
/ N' W% H$ P5 l" \
8 u9 Y$ Z1 ^1 E& H. U4 o
; s( }8 V @ U% l
For further information: Carolyn Forest, PricewaterhouseCoopers LLP,
; A5 J$ T6 ]; J/ J(416) 814-5730, carolyn.forest@ca.pwc.com' X2 Z( G: x, G4 A T" ~; [4 d+ b
http://www.newswire.ca/en/releas ... r2007/05/c4080.html- v3 X% B( v. c" z: }2 P0 f
' C/ n4 v& r2 [. U; g7 \
[ 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
