 鲜花( 1)  鸡蛋( 0)
|
Attention Real Estate Reporters: & t/ X8 |2 u1 g" Z
/ e% o% k9 F6 H5 a
Despite US housing woes Canadian real estate remains upbeat ; S6 c$ x0 J) b J+ E
TORONTO, Nov. 5 /CNW/ - Leading real estate experts are predicting the US. U6 \9 L0 T( h% B- {1 T
commercial real estate market will slow in 2008 and follow a similar pattern( Q6 [" c# i1 ^& U' X
as the current residential market. However, according to the annual Emerging
/ B) b/ F, H+ k( VTrends in Real Estate 2008 report, released by PricewaterhouseCoopers (PwC)
1 | r l$ u- Kand the Urban Land Institute (ULI), their Canadian counterparts are much more
5 }( P& b) K! iupbeat.
5 ^( C) }7 z2 C2 R Now in its 29th year, Emerging Trends is the oldest, most highly regarded
7 T. u5 U& K/ @( Q- p4 x$ C. D- Jannual industry outlook for the real estate industry. The report reflects' K' s b9 S! t, i/ y0 V9 E+ o9 Y
interviews with and surveys of more than 600 of the industry's leading real
& z3 T' O4 ~4 C1 ?* ?( }' testate experts, including investors, developers, property company
L6 u6 C& `- P3 e9 N4 g* _ Q9 Prepresentatives, lenders, brokers and consultants in both Canada and the US.
. g. Y9 L/ ?% ?' ?* ~Other versions of this report are conducted in countries around the world5 `9 }- P9 g0 M# b
including Asia Pacific and Europe.- t a; |. v* R- |/ Z, u( [3 H$ y
According to Chris Potter, PwC partner and leader of the firm's Canadian& {- F" [. q; {* s& u
Real Estate Tax practice, Canada benefits from a more conservative investment
4 y. ^" p* U: p, z9 r( Y2 Lenvironment than the US. "In Canada, institution-dominated markets appear to
9 p/ F7 c) i' Q+ \0 Rbe avoiding 'transaction mania', but real estate values have reached record' N( v/ E0 G k/ y* c) w7 O
highs and a strong economy has accelerated tenant demand for space."
# B# c0 d6 K0 y According to American respondents, a healthy correction south of the/ d# j s9 X' E6 i
border will likely bypass long-term investors but penalize late-to-the-game
% d X W: W6 B5 D) l1 V1 Rspeculators and overleveraged buyers. Canadian respondents to the survey
& j% f7 r N" K4 z/ S, }& Qremain positive about sidestepping any serious impacts of this possible US9 \- E% W6 R7 L! U$ p% o* F) T
correction. Close to 36% view their prospects for profitability in 2008 to be
8 P! T! _" ^' t" Nvery good and a further 22.4% say they're excellent.
' V! M2 Q8 y+ ]- i$ Z The strongest areas of real estate business activity for Canadian
' C; H2 L% P8 b9 n" D' B% Xrespondents is predicted to be within real estate services, followed by
7 |1 G X1 \7 @! V( N. x# W/ Ycommercial/multifamily development and homebuilding/residential land
8 k U3 x! J" p$ T2 F/ }: Sdevelopment. All property sectors share positive prospects across the country% @: q1 w/ i$ M- Y. J# G6 v
especially industrial and retail with respondents, on average, stating
7 S W( S+ U) z5 Z. z- N% N0 Adevelopment prospects are expected to be modestly good to good. The w2 _+ [, w. F9 ?) `! [; l
residential for-sale market is also expected to fair well, but might need to F! [, O( {. O" O$ _
take a breather as homebuilders cannot keep up with the current pace and( \5 |2 H+ X. w! L, X' I
single-family housing looks overpriced.
0 b4 `* o, p1 E7 A5 g: Z# k Office stock is seeing limited inventories and dated product fill up with
8 a# n. z4 L4 G2 b# c I% F0 Y# Ktenants. Except for Montreal, where office vacancies are nearing 9%. Canadian
$ G6 H6 F' A1 L+ V+ I7 lmetropolitan areas boast below 5% vacancies, and rents have room to push
( g9 b5 Q+ f, N9 U5 m) n9 }higher. The survey is also showing that costs and land scarcity is limiting) k3 o; b9 P. L& b
new development. Hotel investment and development prospects are modestly good,' {, E% a! G( Q; \
and most respondents rate this sector either a buy or a hold. Rental
& H1 q6 \6 i3 E) R1 X, Mapartments are doing well in major cities with high immigration flows. Primary5 ~2 T8 V, V4 x
western cities - Vancouver, Calgary, and Edmonton - are veering toward housing
( {) | j% T, \4 U# Ishortages as workers, attracted by a plethora of well-paying jobs, pour into
- m6 f' O z4 Cthe energy zone. Apartment occupancies are soaring in these areas. Development
* V) i. T. A* }* [8 |) ~: ^" Gin other regions remains difficult because of costs and land scarcity.2 Z7 [# F3 }7 y
S" |. g; Q& W2 l7 Y# Q" Q+ w Canadian Markets to Watch2 J; c% b( Y' X3 S5 w
# e! y9 N# v9 P0 f The report comments on how Canadians like to live and work in central
% N0 s5 _4 P3 i8 q5 Y% Hcities, as long as they can afford it. If housing is too pricey in 24-hour
5 C0 s3 L- a3 b5 _% Rneighbourhoods, people move to inner-ring suburbs or beyond and commute back
6 `9 [0 j$ v2 X7 p- E# E$ finto the cores. Investors, especially the institutions, are concentrated in
R4 C+ u+ t( P, J" o0 Kdowntown areas too. Planners and developers focus on infill and more vertical
1 M8 d3 @; y' Jprojects, which reinforce the urban cores. The hot-growth energy cities out
& e' C* m& @* N: e Z. pwest - Calgary and Edmonton - score the highest ratings for investment' V: ?1 q( P; K: [
prospects, development, and for-sale housing, although it is not certain% n0 ~. R t, g0 B
whether the recent announcements on royalties will have any effect on this.$ z) M6 @8 J3 t* I4 K
Toronto, Canada's premier global pathway city, and Vancouver also have high
, T! ?( k% x* u' e- E. hratings. Ottawa and Montreal follow, with Halifax lagging.
/ B% x" x+ j( s7 v7 f! b1 `, U/ l" ]1 D5 {, z+ t/ H8 ?+ s
Calgary/Edmonton7 l$ i+ g4 G z# u* C
! {& j. g& {9 E% }3 n4 X$ Y( s
Calgary is the Canada's "resource" capital and North America's number-one3 i7 i, n8 k9 y" ^1 w& Q
boomtown. Survey respondents foresee strong buys for all sectors: 53.5% give a
* {; i: e: @: g* sbuy recommendation for Hotel Property, 52.8% for Industrial/Distribution,' S: K2 q' u# [4 f; t
48.1% for Retail and Apartment Residential and 44.6% for Office Property.+ c& k6 `0 |- W( W- f) L7 H
Furthermore, on average the majority of respondents see Calgary For-Sale
& Y& v. K5 Z4 j6 g- W9 T( Z. C( V wHomebuilding prospects as very good. Edmonton is closely mimicking the$ [& K3 x0 J0 J, U
Calgary-style growth wave and as long as demand for energy resources stays
( Y% e* `# @4 P2 fstrong, this market will continue to do well.
2 w- h6 [- R1 r& \/ \% `3 e9 v+ u
0 o- K( N( m7 p: i" { { Vancouver
: E& ~( _0 W j( o3 L' a% s" Q, y H% u8 A0 T3 |, F. |" M
Vancouver's diversified economy is roaring, the mining industry is2 w6 f8 W# ^8 f/ G
booming and the city provides a large port and a high-tech center. Outrageous/ F$ K2 g5 V0 x# s! U1 w
real estate prices frustrate homebuyers and commercial investors and the
9 @; G, z1 o) P" V4 d* X/ Emarket is extremely hard to crack. The 2010 Winter Olympic Games is also a I$ U: [& x1 w: C: Z) D) |
growth driver and accordingly 44.7% of respondents give Vancouver a buy0 G% K( T& N. I' _( H: P: Q) t
recommendation for Hotel Property. A further 43.5% give a buy Retail, 41.3%& ?1 I e: D9 `. q0 o
for Industrial/Distribution and 36.7% for Office Property followed by 34.1%" d1 T9 F8 V! x' Y: p z
for Apartment Residential property. Vancouver also ranks in the good to very* z( W* v% P5 e% N% e
good mark for for-sale homebuilding prospects.# n* b& X& q- b- R
+ f V* i& j; O: C" G Toronto4 l/ j4 v' s3 `' ]" U* U
0 Y9 @$ o7 u" |. i" p+ R Toronto ranks as a major global pathway destination, 24-hour city, and4 r5 m+ c9 \* [& ~* u" P
manufacturing hub. Compared with other national financial centers, the city is
( A; K, D* _3 W' U W8 H7 trelatively inexpensive. However, the rising loonie is hurting manufacturing
" w* S8 l; u) s U* W- f) Bindustries, and clouds over the US economy threaten to stall out momentum.
, K& r& A' g$ \4 _" ]Three new office towers are under construction, adding 3 million new square- R7 N. D' N2 o5 I! ?5 h
feet of office space. Notably, Office (49.1%), Industrial (46.2%) and% `- n/ N7 O* n* Z
Apartments (40.8%) are given solid buys.
4 m! X! U X- q0 ~$ }, ?0 A7 A9 @: l0 D3 I) x. ~7 m; I0 ?
Montreal" X8 d: z0 ?8 C6 |8 O
$ O! h$ {0 p0 I8 Z' d# Q( L$ p
Montreal continues to face concerns about market stability and overall7 @+ i; S# q0 T) m& w
growth prospects as major companies no longer choose it as a place to set up) |* w/ I- j0 h
shop. But, plenty of government offices fill space. Of the larger cities in1 z0 r. P$ `# B" v
Canada, Montreal ranks lowest as a "buy" recommendation in all real estate% c; [, h7 U, ?# g* Y A( m
sectors. However, respondents generally rated all Montreal real estate sectors
" o s2 a5 T5 E$ u. N9 {7 B. Lhigher as a "hold" recommendation.
; D0 p6 ^! Q) h
. U9 I+ ]+ ^* J0 H( N2 v7 ^% |9 x+ ? The report notes that best bets for investors for the coming years
% ^- b5 C1 x4 ]' H- J8 }include a focus on all property sectors in the high-growth western energy- i" y4 }! L& n# L
markets, hold on central business district office space, develop infill condos. q2 W3 G! b) |% U/ I
near subways stops in Toronto, buy infill sites wherever you can and invest' l. O) o, \9 U" `+ n& r
overseas. Potter concludes, "Domestic opportunities are too limited at current
9 c0 Y H$ Y) Y) k1 _' @prices."
4 @; a* M" J' [1 O2 g A copy of Emerging Trends in Real Estate(R) 2008 is available at
. M* A( F w4 X2 ~$ wwww.uli.org or www.pwc.com/imre.
) D& m. }3 P) q( [$ |: t
) e' ?: {) K6 z* Q: y About PricewaterhouseCoopers6 ~4 e' D$ ]# ~% o" l4 Z
+ U- X; R8 n' w0 }6 Q5 b1 i
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,
# K" l! j% S. ^% S3 C |tax and advisory services to build public trust and enhance value for its: g7 g( ?+ i: k+ L
clients and their stakeholders. More than 140,000 people in 149 countries! ~# }* b( n8 h
across our network share their thinking, experience and solutions to develop
& z0 O: n: I) Zfresh perspectives and practical advice. Now celebrating 100 years of
4 M) G7 c. b% n$ S: c) Kexcellence in Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its. N4 K( i! U9 Y' a
related entities have more than 5,200 partners and staff in offices across the1 M/ [6 R, [( V: J, _5 D, L
country.* l+ L0 D- A& Y( h. m" h
"PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario1 [8 D' ]+ {2 [4 ]2 l9 L+ v
limited liability partnership, or, as the context requires, the% ], X8 e# L; C) `2 }& J
PricewaterhouseCoopers global network or other member firms of the network,8 k" L) Z1 w! u6 \% T8 ~
each of which is a separate and independent legal entity.
: I0 @) ]% @# ^6 R+ u
' p; X; s, Z' P About the Urban Land Institute
; N- }7 X1 |2 Y" E
6 Z; ]2 Q% O+ \( u The Urban Land Institute (www.uli.org) is a nonprofit education and( a7 h7 Q; B% N, y! B' q
research institute supported by its members. Its mission is to provide0 k# ]" L/ H7 S+ c/ R) N& r) N
leadership in the responsible use of land and in sustaining and creating6 r% Y, e' }- T- T/ a
thriving communities worldwide. Established in 1936, the Institute has more% @0 `# F, t" P0 q8 r7 Q1 d1 q
than 38,000 members representing all aspects of land use and development# {: F1 u7 u# S) M/ q: q
disciplines. _4 \3 H# `( o- v
The Urban Land Institute is an active and growing organization in Canada.
' y. S) U* d% K+ zWith nearly 700 members across the country, Canada's first ULI District
& A) d9 Q, r7 Z% a) ]Council was established in Toronto in 2005 and a second District Council is1 {8 N2 `2 y# n, i, s. n& k
now being formed in British Columbia. The Toronto District Council will be3 R% I6 L( a2 L% W3 V+ X
hosting a special event on Emerging Trends in Real Estate on November 20th,
: D. g0 }" A* F4 u2 V2007, featuring Jonathan Miller, the principal author of the report, Blake+ k d: C) T0 n) n% g6 w
Hutcheson, President of CB Richard Ellis Canada Ltd., and George Carras,, }4 h2 a) i( o# v0 P8 ~2 B. C
President of RealNet Canada Inc. For more information on this event, please" d( u# G8 d0 E6 a1 r/ u, @
call the Toronto District Council Coordinator at (647) 258-0017, or look on
9 q1 d: z/ A; z/ M( Zthe web at www.uli.org/events/index.cfm?id=3066., N9 R" W$ X2 u2 s" [
1 y6 z7 t: b: H+ i I' ^! Z1 ~7 X: ]/ W+ `
" \/ W7 g; D0 k6 _
For further information: Carolyn Forest, PricewaterhouseCoopers LLP,: \/ M; m# z5 f7 O @6 S: i- D. f
(416) 814-5730, carolyn.forest@ca.pwc.com8 T- T* J; w- S3 P
http://www.newswire.ca/en/releas ... r2007/05/c4080.html: L) C1 k6 w+ }: J/ u
, h- O, A9 b, n" m/ k7 y2 n
[ 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
