 鲜花( 1)  鸡蛋( 0)
|
Attention Real Estate Reporters: # v/ h$ X7 K) i& C4 L& A4 O
7 g- t4 U' Y$ X: w% I, T8 e3 c* Z& DDespite US housing woes Canadian real estate remains upbeat 0 I2 e& ]; r# p1 y/ A/ f
TORONTO, Nov. 5 /CNW/ - Leading real estate experts are predicting the US& r! L" }* q2 }9 q8 ?4 I* e
commercial real estate market will slow in 2008 and follow a similar pattern
) G+ Q( ]+ X# ^$ Zas the current residential market. However, according to the annual Emerging
7 h) k/ t: T# z% ]6 y7 GTrends in Real Estate 2008 report, released by PricewaterhouseCoopers (PwC)! |/ ^$ e* X" j* x7 N V9 r
and the Urban Land Institute (ULI), their Canadian counterparts are much more9 I+ k( |) g5 M2 y6 V% ~
upbeat.
/ S3 e( T1 g5 G& _ Now in its 29th year, Emerging Trends is the oldest, most highly regarded: e8 h o0 G/ O2 X# k$ E! Y; z
annual industry outlook for the real estate industry. The report reflects/ x( W2 N3 k: w5 W+ b( u7 e
interviews with and surveys of more than 600 of the industry's leading real
/ |) z! A1 D8 |7 W) O: Zestate experts, including investors, developers, property company
1 {/ S1 Y: `3 G/ X7 |$ Vrepresentatives, lenders, brokers and consultants in both Canada and the US./ S4 [' g5 ^7 N* y+ i2 @8 H! `
Other versions of this report are conducted in countries around the world
# q- V# I( [' q, z* c: y' @including Asia Pacific and Europe.
+ f. L( m4 a0 i0 K According to Chris Potter, PwC partner and leader of the firm's Canadian
1 y8 z' {( p T* e) tReal Estate Tax practice, Canada benefits from a more conservative investment1 G0 }7 U, ?% E
environment than the US. "In Canada, institution-dominated markets appear to7 o1 k- x, l8 ~* H4 _1 o, [3 x% k
be avoiding 'transaction mania', but real estate values have reached record6 X. F7 }( w. e4 u
highs and a strong economy has accelerated tenant demand for space."9 u! R( O, a7 O h
According to American respondents, a healthy correction south of the
. [8 R. |. S& g8 P: @border will likely bypass long-term investors but penalize late-to-the-game) ]7 ?% ?- ]. c
speculators and overleveraged buyers. Canadian respondents to the survey
. w: A4 V* o5 }" l1 U, G' Wremain positive about sidestepping any serious impacts of this possible US
7 m1 K6 P, @4 a4 D0 b- @* c% {correction. Close to 36% view their prospects for profitability in 2008 to be# H0 [+ s( t$ L( ?) D8 U, w* S
very good and a further 22.4% say they're excellent.
) v9 [" T9 E4 B% y5 \! A. p The strongest areas of real estate business activity for Canadian& \6 }2 x$ Q; t& J0 I7 N2 X K
respondents is predicted to be within real estate services, followed by+ P. W7 Z s! t5 }
commercial/multifamily development and homebuilding/residential land
G3 ~7 M# k& Zdevelopment. All property sectors share positive prospects across the country
( I, l, U, ?- C) ?" U+ Y1 Hespecially industrial and retail with respondents, on average, stating4 Z( J8 K4 n0 g* Y+ h
development prospects are expected to be modestly good to good. The) ?4 r: b! A& w( ^9 g
residential for-sale market is also expected to fair well, but might need to
! _! n- S+ T" x( @# M3 V, O1 h# Stake a breather as homebuilders cannot keep up with the current pace and7 C$ j1 c' I7 r* I# J1 J8 z2 v6 ]
single-family housing looks overpriced.5 D* W7 Z" _3 p0 e8 N9 f) i
Office stock is seeing limited inventories and dated product fill up with. L! X% k) c9 U/ w5 Z) z
tenants. Except for Montreal, where office vacancies are nearing 9%. Canadian
& w- l6 k# V2 ?/ w% xmetropolitan areas boast below 5% vacancies, and rents have room to push' I& n# F9 O# [7 b8 f6 K
higher. The survey is also showing that costs and land scarcity is limiting' B! o4 j" Z2 ~" w
new development. Hotel investment and development prospects are modestly good,
& Q! H& H, j( H$ H# Kand most respondents rate this sector either a buy or a hold. Rental* X, ^9 o" V: }. t# ^0 ^
apartments are doing well in major cities with high immigration flows. Primary
; _! N" g, Y" c2 ~6 W! rwestern cities - Vancouver, Calgary, and Edmonton - are veering toward housing
% ~" [7 F3 a; u) H8 Yshortages as workers, attracted by a plethora of well-paying jobs, pour into, @; ] x) p+ a& T/ E/ ]1 A
the energy zone. Apartment occupancies are soaring in these areas. Development1 {+ ?7 m# ^) Z( G3 Z
in other regions remains difficult because of costs and land scarcity. _+ r- `) n Y R" |; K) `5 N6 \
8 w0 q( L! F" v) L. G1 _ Canadian Markets to Watch
$ X' z5 J4 j4 W2 b
- F. |9 |" K/ s6 W/ D- \7 D' m* R The report comments on how Canadians like to live and work in central
x* K/ s0 f6 L* Zcities, as long as they can afford it. If housing is too pricey in 24-hour
/ d- `' T/ g- _7 {3 p3 ~neighbourhoods, people move to inner-ring suburbs or beyond and commute back' Q; T7 G( C- P/ H C
into the cores. Investors, especially the institutions, are concentrated in
/ i0 h8 P& z% r0 M2 y# I) ^2 V1 Edowntown areas too. Planners and developers focus on infill and more vertical
& \( h% Q( S; ?# K* s7 Uprojects, which reinforce the urban cores. The hot-growth energy cities out
; y& R/ g, `2 ewest - Calgary and Edmonton - score the highest ratings for investment
2 r3 T! \: ` U9 Jprospects, development, and for-sale housing, although it is not certain
- Z( E! h) I( Twhether the recent announcements on royalties will have any effect on this.
, X* U" Z: |% `4 x1 E1 `Toronto, Canada's premier global pathway city, and Vancouver also have high7 w, O6 q1 t* B" o
ratings. Ottawa and Montreal follow, with Halifax lagging.
6 l# @' g P# @5 P3 w
. _/ A j9 L. ?9 Y3 ^; F @ Calgary/Edmonton
& p8 P4 j9 O: P% P( n9 b
; _. }1 V0 s: `! f# @ Calgary is the Canada's "resource" capital and North America's number-one8 O# ?, T" n7 w
boomtown. Survey respondents foresee strong buys for all sectors: 53.5% give a
. Z* B( v" I" s& \: m5 O1 tbuy recommendation for Hotel Property, 52.8% for Industrial/Distribution,% Y4 h* g7 A- S; l+ s0 o# ?: ~
48.1% for Retail and Apartment Residential and 44.6% for Office Property.
2 C# v- y! B# t4 R) a" NFurthermore, on average the majority of respondents see Calgary For-Sale! j3 i1 L3 L$ [4 E# i4 _: b w
Homebuilding prospects as very good. Edmonton is closely mimicking the5 {6 \' V4 Z4 ]. K
Calgary-style growth wave and as long as demand for energy resources stays
* T2 O1 _1 }3 e; F* J9 o8 qstrong, this market will continue to do well.
0 A" w; L& d" d# V" [" \! l
1 n6 E+ X, B1 C3 }& t Vancouver
8 C5 K" L6 |" f2 r2 Y* V- n0 R+ k6 r a t, C/ y5 K9 v
Vancouver's diversified economy is roaring, the mining industry is
( j4 o0 q3 d1 e1 \' r( fbooming and the city provides a large port and a high-tech center. Outrageous" y$ v- v# V: w" Q- Y: F
real estate prices frustrate homebuyers and commercial investors and the1 a# }! s3 E% v
market is extremely hard to crack. The 2010 Winter Olympic Games is also a1 j$ D9 R) |) n2 V% J
growth driver and accordingly 44.7% of respondents give Vancouver a buy
* ^" f# H: G% @; @recommendation for Hotel Property. A further 43.5% give a buy Retail, 41.3%" ~4 c5 i% h2 I, J
for Industrial/Distribution and 36.7% for Office Property followed by 34.1%
" v- W6 B2 d1 P2 m, I8 _for Apartment Residential property. Vancouver also ranks in the good to very
6 U M! n$ J9 i* `0 pgood mark for for-sale homebuilding prospects.# s0 L2 j4 y& D e# V+ i9 n
) g, [* m' a9 o% j! l m
Toronto
: Z' {8 M9 u7 s G" n2 y. Y" _. z9 w8 W( L
Toronto ranks as a major global pathway destination, 24-hour city, and
9 `: r1 V3 s! Z( Cmanufacturing hub. Compared with other national financial centers, the city is
, X) T5 |6 D4 s: k( C7 C0 Trelatively inexpensive. However, the rising loonie is hurting manufacturing
1 k- Q/ n: A' r$ I" Kindustries, and clouds over the US economy threaten to stall out momentum.
, I' A# Q; E" A6 X+ ]5 _Three new office towers are under construction, adding 3 million new square, L4 l) Q& l) v1 ]4 [
feet of office space. Notably, Office (49.1%), Industrial (46.2%) and
2 r% g2 }& m" G. c. c6 l( H8 cApartments (40.8%) are given solid buys. L. D) }# u+ C/ t+ H( D
/ R; v9 p4 |$ ?; d( O E0 o Montreal
! H8 N. F: s7 @* L5 v1 l) W2 m! y+ ?0 E i
Montreal continues to face concerns about market stability and overall; M% J o4 V l9 v9 I
growth prospects as major companies no longer choose it as a place to set up
( |. N0 p) P( D* J* f ?( jshop. But, plenty of government offices fill space. Of the larger cities in
" M2 P% J/ b: m) b) Y1 JCanada, Montreal ranks lowest as a "buy" recommendation in all real estate
6 X/ R- V& K {& A* bsectors. However, respondents generally rated all Montreal real estate sectors
. k6 }6 O+ w6 d/ nhigher as a "hold" recommendation.
$ ]5 t8 I2 |2 h' `. Z" j- W- c, P) U# U3 R/ |5 s
The report notes that best bets for investors for the coming years; ?. b$ f# b3 s+ ]( p
include a focus on all property sectors in the high-growth western energy# y, P4 t4 P/ ?$ V7 L1 q( Y
markets, hold on central business district office space, develop infill condos
; K$ x* V. ~8 y m8 ^near subways stops in Toronto, buy infill sites wherever you can and invest
6 e# h6 [2 z+ uoverseas. Potter concludes, "Domestic opportunities are too limited at current, Y- e3 M( D* v
prices."$ c- q3 h7 }: s+ n1 A+ }, s; W
A copy of Emerging Trends in Real Estate(R) 2008 is available at
6 {0 l+ c% ]2 ^. Cwww.uli.org or www.pwc.com/imre.
* m' ~1 d3 q5 ]1 g& x/ [6 A1 o0 O9 R: Y6 ~9 W" L
About PricewaterhouseCoopers% i5 B" q3 q4 p
) \. e9 D0 {9 W1 m8 t6 e3 Z( K PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,; D3 A2 f- D+ j6 ~) C: s4 `6 C
tax and advisory services to build public trust and enhance value for its
; s4 }$ d4 x r1 t* N3 C) sclients and their stakeholders. More than 140,000 people in 149 countries
; _7 }3 q4 ^0 f6 a& [across our network share their thinking, experience and solutions to develop
3 b' t" [' [! ^fresh perspectives and practical advice. Now celebrating 100 years of2 M$ n4 g& D6 X! ?
excellence in Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its% n; O1 ~" ?6 L$ h3 h a4 A: i1 o
related entities have more than 5,200 partners and staff in offices across the* d; R* n% D% V4 @% d* ^2 N
country.; H7 w# w8 s# v6 R+ U6 T e) q6 p$ c
"PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario
9 A/ @* F/ E" elimited liability partnership, or, as the context requires, the" [2 b. s0 w% N2 E1 s5 i
PricewaterhouseCoopers global network or other member firms of the network,
/ U/ o" m3 x2 d& D* A/ J8 _each of which is a separate and independent legal entity.
3 {2 d7 S7 s4 r+ F' M! v, [
$ Y4 U. G% o. r6 o B. n About the Urban Land Institute( H; T `4 O$ ^3 }4 t# m
+ t0 q6 T; X: v; X* F7 h
The Urban Land Institute (www.uli.org) is a nonprofit education and! H1 c X4 u% h2 f- A) h: c
research institute supported by its members. Its mission is to provide
6 w+ n/ \) Z/ l: Q" o; V& {leadership in the responsible use of land and in sustaining and creating
) ^% A; |/ d3 s- ^& Zthriving communities worldwide. Established in 1936, the Institute has more# J" b k* B4 h
than 38,000 members representing all aspects of land use and development
: ]9 n; l; h0 j( d" ]disciplines.
5 c$ }% m7 R$ ~6 s1 a" O0 f7 C The Urban Land Institute is an active and growing organization in Canada.+ j2 q6 H5 f% P3 B
With nearly 700 members across the country, Canada's first ULI District
- |# h4 |& Z# A! e" ECouncil was established in Toronto in 2005 and a second District Council is+ l2 P4 W& O* c) c+ P2 M" k$ X
now being formed in British Columbia. The Toronto District Council will be+ ^) s& \4 f, W: T
hosting a special event on Emerging Trends in Real Estate on November 20th,
6 @- n9 t- {7 v* u& f$ x2007, featuring Jonathan Miller, the principal author of the report, Blake
" p& f: x! D' L. @( |" L0 k) HHutcheson, President of CB Richard Ellis Canada Ltd., and George Carras,
: k' K; Y6 U" l- m& v8 [) P* ]President of RealNet Canada Inc. For more information on this event, please. A2 F: q0 f- q" b* K! _) r6 D+ e- m1 M
call the Toronto District Council Coordinator at (647) 258-0017, or look on2 f4 o3 V$ s( K; T# \
the web at www.uli.org/events/index.cfm?id=3066.4 g! Z9 J' d8 u
' z$ o2 f$ I$ t- ]5 w
3 ?1 Q/ w( t/ t' {( ?
: J( u, {% {9 j# w4 kFor further information: Carolyn Forest, PricewaterhouseCoopers LLP,( F9 ~, Z, S" b/ b
(416) 814-5730, carolyn.forest@ca.pwc.com( r" \) b" I% D! Z3 N" J1 M
http://www.newswire.ca/en/releas ... r2007/05/c4080.html
& t/ t9 \; h# [# M
1 R; P: w9 _6 J9 H[ 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
