 鲜花( 1)  鸡蛋( 0)
|
Attention Real Estate Reporters: % D4 R, T5 N: t: T }8 x: W, B
/ n, m$ I" ^' uDespite US housing woes Canadian real estate remains upbeat
( S' s1 s+ z5 U2 T+ u3 w: k TORONTO, Nov. 5 /CNW/ - Leading real estate experts are predicting the US) |! }. B2 A5 P5 r `5 E
commercial real estate market will slow in 2008 and follow a similar pattern
" C& v) M3 j8 Y2 S3 jas the current residential market. However, according to the annual Emerging J! j9 ]/ C# j1 M; `
Trends in Real Estate 2008 report, released by PricewaterhouseCoopers (PwC)% N7 q# N' L( |1 H5 ~' h, D; g
and the Urban Land Institute (ULI), their Canadian counterparts are much more
9 O6 m: q- |: eupbeat.! l7 X$ s3 F1 {+ G) I
Now in its 29th year, Emerging Trends is the oldest, most highly regarded7 t- U6 }# w: O
annual industry outlook for the real estate industry. The report reflects& z! I J$ a3 I* _9 r
interviews with and surveys of more than 600 of the industry's leading real
4 \- D% V- H! H: e7 w& x/ Destate experts, including investors, developers, property company$ l3 K& P2 i+ J- O' P- l& r* j( @
representatives, lenders, brokers and consultants in both Canada and the US.
& ?8 N, ?8 G$ C" \+ HOther versions of this report are conducted in countries around the world
( i' ?, y7 R7 B) Iincluding Asia Pacific and Europe.( c0 `' D6 c& G+ G( {
According to Chris Potter, PwC partner and leader of the firm's Canadian* B% s9 F2 ^) h) G1 s. c k
Real Estate Tax practice, Canada benefits from a more conservative investment V$ ?& r0 ^: m- B/ E1 p
environment than the US. "In Canada, institution-dominated markets appear to
' y- Z6 h3 T: T# T8 pbe avoiding 'transaction mania', but real estate values have reached record9 L b2 W4 J( D' i7 W% B
highs and a strong economy has accelerated tenant demand for space."
0 G$ q' B& |, H3 P0 B4 F$ O According to American respondents, a healthy correction south of the
* L# @. T$ E6 N% b& R" vborder will likely bypass long-term investors but penalize late-to-the-game
: h" B+ E% b6 ^speculators and overleveraged buyers. Canadian respondents to the survey% @1 S: L: h, [) Q1 G% g
remain positive about sidestepping any serious impacts of this possible US( Y. f! \. K( s, h) z5 O6 {& t: S$ i
correction. Close to 36% view their prospects for profitability in 2008 to be' o3 M8 x& _/ I( h! s1 N
very good and a further 22.4% say they're excellent. f- I: U: V/ j8 y; f% b$ L8 p
The strongest areas of real estate business activity for Canadian
/ t6 ^3 F! t! }, grespondents is predicted to be within real estate services, followed by X( R6 e) e* M4 i$ u. _
commercial/multifamily development and homebuilding/residential land
5 ]5 G" K$ L/ x% Vdevelopment. All property sectors share positive prospects across the country
( `3 b' z! g; v$ }2 i* E3 P- |especially industrial and retail with respondents, on average, stating
+ `- q) t0 |" c- T& G0 zdevelopment prospects are expected to be modestly good to good. The; A* R. H8 Y1 N) f
residential for-sale market is also expected to fair well, but might need to. @- w3 U0 d: n5 r! V# j W
take a breather as homebuilders cannot keep up with the current pace and
5 l3 v. Y7 p/ t6 h+ F; {3 Vsingle-family housing looks overpriced.* d- V/ z3 q2 [4 z
Office stock is seeing limited inventories and dated product fill up with, C' ]2 ]1 k* l4 H& g
tenants. Except for Montreal, where office vacancies are nearing 9%. Canadian
0 B! y- R" ^5 @, {3 m0 Q/ \metropolitan areas boast below 5% vacancies, and rents have room to push
, F( s# E% ~: @higher. The survey is also showing that costs and land scarcity is limiting6 n/ [ c* ?/ Y) Q# \: N
new development. Hotel investment and development prospects are modestly good, x( m. p% p) x- N) R7 H$ a' r
and most respondents rate this sector either a buy or a hold. Rental
$ d" }7 t, P3 N% p4 K; _apartments are doing well in major cities with high immigration flows. Primary
7 |' F N! U8 uwestern cities - Vancouver, Calgary, and Edmonton - are veering toward housing
; S) d5 W" A# W& [6 `shortages as workers, attracted by a plethora of well-paying jobs, pour into' S- d5 D; ^' i- c. r( m% X& ]
the energy zone. Apartment occupancies are soaring in these areas. Development
F" t: s$ n1 z! V7 N9 g& Uin other regions remains difficult because of costs and land scarcity.4 K6 d0 A; g5 {) o$ D" p" O
5 U8 L$ g; I0 m! {1 ^- \ Canadian Markets to Watch
7 d+ O _8 x: P* l8 _
5 f- L8 ` l6 ?2 e t The report comments on how Canadians like to live and work in central
; \& @; H% j1 P2 Ycities, as long as they can afford it. If housing is too pricey in 24-hour: i: t! N+ p( q9 E6 q
neighbourhoods, people move to inner-ring suburbs or beyond and commute back
! Q! y. `8 y# ]/ O! M" \into the cores. Investors, especially the institutions, are concentrated in7 g) B# w, Y3 O
downtown areas too. Planners and developers focus on infill and more vertical: m# U Q) b3 U0 c G
projects, which reinforce the urban cores. The hot-growth energy cities out m$ m, g; [/ e* L
west - Calgary and Edmonton - score the highest ratings for investment
& _1 X4 \6 M+ L* `0 U5 T+ f# z5 lprospects, development, and for-sale housing, although it is not certain K3 }( R6 S3 L
whether the recent announcements on royalties will have any effect on this.
_4 z n% |5 E& |5 p9 FToronto, Canada's premier global pathway city, and Vancouver also have high: S9 o) Y# h7 ?
ratings. Ottawa and Montreal follow, with Halifax lagging.2 f4 f' I5 O0 u
6 _- _' s' X$ n& }& W Calgary/Edmonton3 z+ X. u3 ~! ]" b; I' h/ w
2 c1 _# v2 u+ n' m0 R J9 v2 X Calgary is the Canada's "resource" capital and North America's number-one* h: S! c. G# q+ C8 j, W5 ` F
boomtown. Survey respondents foresee strong buys for all sectors: 53.5% give a
8 A/ p& ~ w% Zbuy recommendation for Hotel Property, 52.8% for Industrial/Distribution,
) z7 t2 M h2 P; y, w48.1% for Retail and Apartment Residential and 44.6% for Office Property.7 _5 R/ h1 d" F
Furthermore, on average the majority of respondents see Calgary For-Sale
2 V6 b e/ Q; i3 F3 THomebuilding prospects as very good. Edmonton is closely mimicking the# I6 h) V( Y# Z- i( K
Calgary-style growth wave and as long as demand for energy resources stays
5 @% Q3 U- a; x% Z3 ostrong, this market will continue to do well.( b9 t: x4 K5 }# V( F: X
$ J8 u$ j8 G# _8 y; B% X3 x Vancouver* @( k' W y( h2 f
% a- m0 Z+ u& K1 j3 V' ~
Vancouver's diversified economy is roaring, the mining industry is9 ?0 v( u$ b% P4 j8 q$ d
booming and the city provides a large port and a high-tech center. Outrageous
: F7 }. P6 X, h' m9 s' [, Xreal estate prices frustrate homebuyers and commercial investors and the
# v& y' B8 Z6 {market is extremely hard to crack. The 2010 Winter Olympic Games is also a/ D: L$ q9 s- U3 y
growth driver and accordingly 44.7% of respondents give Vancouver a buy- Y2 b, a: ^1 B4 u4 k: F; u
recommendation for Hotel Property. A further 43.5% give a buy Retail, 41.3%# ]) _6 b1 N/ e7 f
for Industrial/Distribution and 36.7% for Office Property followed by 34.1%- p$ c! V$ o* U! z$ S
for Apartment Residential property. Vancouver also ranks in the good to very
c/ h, J7 m2 Y& \# B$ ]1 w: f2 f3 Zgood mark for for-sale homebuilding prospects.
1 v1 z9 H' Z3 f b2 k C- `% i
+ R+ ~4 c j; b' I# d. L Toronto6 I/ R- f N! `0 L( S! {' H) f
$ L$ |8 d4 l9 C$ y Toronto ranks as a major global pathway destination, 24-hour city, and9 `2 _# `% t! I* V A4 S7 Z7 g
manufacturing hub. Compared with other national financial centers, the city is
, v: z5 B z$ D; H5 ?( P$ Prelatively inexpensive. However, the rising loonie is hurting manufacturing# b7 [4 x% z8 B4 ^
industries, and clouds over the US economy threaten to stall out momentum.
/ z/ Y) j, M5 v Z: ZThree new office towers are under construction, adding 3 million new square/ `0 T8 b$ H/ ^" @; M8 C' i
feet of office space. Notably, Office (49.1%), Industrial (46.2%) and
% q: D+ f* _" q& I. ^Apartments (40.8%) are given solid buys.
1 J& N* I4 s, I0 s+ o+ I
5 M- E% d7 x9 {) E Montreal
1 h( g. a+ ^% } |* d r- \
0 P1 Y! t. j1 N/ q. m: q6 V Montreal continues to face concerns about market stability and overall
6 N; j- {' z5 sgrowth prospects as major companies no longer choose it as a place to set up7 O6 k1 h1 a4 C* y3 F2 p) i
shop. But, plenty of government offices fill space. Of the larger cities in
+ n& F, B/ X: GCanada, Montreal ranks lowest as a "buy" recommendation in all real estate& Z; ]: d- C* V& P5 q8 p$ D- V
sectors. However, respondents generally rated all Montreal real estate sectors
) g- r( `; V2 Shigher as a "hold" recommendation.
0 N X$ s3 ]2 n3 e3 U
. G: [3 J1 N, I9 i' C1 U" B6 r& F The report notes that best bets for investors for the coming years& T" S. C& b {, i
include a focus on all property sectors in the high-growth western energy3 o5 }! L8 J! r+ r' k1 t
markets, hold on central business district office space, develop infill condos
; t% Y, o! X4 E3 ~1 lnear subways stops in Toronto, buy infill sites wherever you can and invest7 M2 K6 X, R" _. A3 y4 b/ j* j
overseas. Potter concludes, "Domestic opportunities are too limited at current
* |' y, L1 F+ {" m gprices."! `8 M) N: p, a9 Y/ p
A copy of Emerging Trends in Real Estate(R) 2008 is available at
4 h+ U& D+ m0 ]# fwww.uli.org or www.pwc.com/imre., x, ? s; i( s9 s& K2 i2 S
* m1 x. J& S1 J, i8 I7 _+ U. X
About PricewaterhouseCoopers
( k( i7 `: @! f/ N/ h4 R: y _& u- h3 H" u1 X: S- F8 U; F5 N/ f0 D
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,
* a+ R& g, r4 X- m! D' rtax and advisory services to build public trust and enhance value for its
% ?7 Z) N$ H$ i! V3 B1 a4 cclients and their stakeholders. More than 140,000 people in 149 countries
* Y3 ]% o$ _: }5 x+ M% |, G8 vacross our network share their thinking, experience and solutions to develop! e! M( ]9 ?3 A+ ^) L' W
fresh perspectives and practical advice. Now celebrating 100 years of
' d& i; l+ [1 iexcellence in Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its9 E S1 p5 S: G5 o' K6 c; I% f8 R1 l, w" Y
related entities have more than 5,200 partners and staff in offices across the
. ~4 a: K. \5 Rcountry.
2 M* Y% o" G$ J; Z$ I" Z7 D. ] "PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario3 p, S+ m* ]! Q$ C5 L% V
limited liability partnership, or, as the context requires, the
: J, v" d' q* {2 n6 E" I$ bPricewaterhouseCoopers global network or other member firms of the network,* g1 m; G; c" e2 O. C) C9 r
each of which is a separate and independent legal entity.% A+ j" b/ j4 ] l, c' Z, Q
5 \& i" G. c" n7 k3 z* h) j( P
About the Urban Land Institute- ]; Y$ K3 S- D' o. c: v
( s9 o! o1 U5 Y$ [: u8 A4 s The Urban Land Institute (www.uli.org) is a nonprofit education and
3 n6 p+ i I: v! C$ d+ }. _# kresearch institute supported by its members. Its mission is to provide
+ ^7 O# `% o7 {leadership in the responsible use of land and in sustaining and creating! `" Y5 Z2 z' y
thriving communities worldwide. Established in 1936, the Institute has more7 S( m6 k+ Y9 x8 S
than 38,000 members representing all aspects of land use and development+ U; R B6 C4 X1 h
disciplines.6 I* t& X. F1 ?# D% \4 m5 W& N
The Urban Land Institute is an active and growing organization in Canada.
9 X/ f' M5 o# f% G3 V' k. xWith nearly 700 members across the country, Canada's first ULI District
- @, X" }& L6 M) b# QCouncil was established in Toronto in 2005 and a second District Council is* }4 w1 n3 t& |9 G) k# ^/ G/ x
now being formed in British Columbia. The Toronto District Council will be
+ x6 ~6 @+ i; p% t1 B# n9 uhosting a special event on Emerging Trends in Real Estate on November 20th,
! r, Y+ A; O: L1 p$ J1 ~2007, featuring Jonathan Miller, the principal author of the report, Blake1 B2 _+ ?% }$ L4 [1 U& B
Hutcheson, President of CB Richard Ellis Canada Ltd., and George Carras,
4 F, o2 z* K4 X1 O' MPresident of RealNet Canada Inc. For more information on this event, please
" b- x7 Y' W( r" Dcall the Toronto District Council Coordinator at (647) 258-0017, or look on$ B5 e' h ~# T1 Y4 f
the web at www.uli.org/events/index.cfm?id=3066.$ `# A6 K: P1 _+ S: d' S' D2 s
+ k' P7 Z# G `% N1 I e
. V/ y2 N8 O }6 S* c' j2 N* X* j8 o2 E* d8 V. }
For further information: Carolyn Forest, PricewaterhouseCoopers LLP,
( e G" k/ J. K" W H(416) 814-5730, carolyn.forest@ca.pwc.com
. \* F" x4 w& N& {, C' Ghttp://www.newswire.ca/en/releas ... r2007/05/c4080.html' c" _0 Q% t: x0 L S
, ~6 G: ~4 v$ ~4 u. A[ 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
