 鲜花( 1)  鸡蛋( 0)
|
Attention Real Estate Reporters:
6 C, t6 [5 {4 f0 c' \& G- ?- F9 M. {9 J. n& `8 N
Despite US housing woes Canadian real estate remains upbeat * ~6 w- D9 `' g- W
TORONTO, Nov. 5 /CNW/ - Leading real estate experts are predicting the US
( T/ G+ y$ {" f) n. Bcommercial real estate market will slow in 2008 and follow a similar pattern/ R# a; D2 R5 ]* l$ N' R
as the current residential market. However, according to the annual Emerging
- e0 `( D! H" A0 q' d" P0 gTrends in Real Estate 2008 report, released by PricewaterhouseCoopers (PwC)
& ?: e/ N1 O$ _7 K2 C Vand the Urban Land Institute (ULI), their Canadian counterparts are much more. H* ]) J8 ^ E+ }, s: `) ?
upbeat.# L3 x3 `- p; [* v1 E# e
Now in its 29th year, Emerging Trends is the oldest, most highly regarded
( U/ L( o5 J; [) [/ G% `annual industry outlook for the real estate industry. The report reflects
; _! W. c0 r+ P4 P- ?interviews with and surveys of more than 600 of the industry's leading real4 O' H' {1 l- d# d
estate experts, including investors, developers, property company9 U2 ^, L0 v5 Q7 |( G: m) d2 o
representatives, lenders, brokers and consultants in both Canada and the US.
8 i1 `5 V; [0 a! EOther versions of this report are conducted in countries around the world! A0 X* B# D4 p+ x' p" `% I+ H
including Asia Pacific and Europe.
b0 Z; |* w2 C According to Chris Potter, PwC partner and leader of the firm's Canadian
" z, Q, v! t1 j$ _7 v# o( I/ {) ~Real Estate Tax practice, Canada benefits from a more conservative investment6 t: x% ~. R; Z9 B
environment than the US. "In Canada, institution-dominated markets appear to" ` K e+ e+ U' u# g# G
be avoiding 'transaction mania', but real estate values have reached record8 q2 e1 p' k+ q/ e0 w* m a
highs and a strong economy has accelerated tenant demand for space."
7 |0 |, s4 t% R' ^7 x8 x; o6 h' a8 r K According to American respondents, a healthy correction south of the
1 q- A! T( ?5 b; E+ Z: Jborder will likely bypass long-term investors but penalize late-to-the-game
) j# _( `8 c5 t# E, H# i# especulators and overleveraged buyers. Canadian respondents to the survey+ `9 M" i! a! b( g1 [0 b( g
remain positive about sidestepping any serious impacts of this possible US
/ d' i$ W0 _# W; n$ U6 T! Rcorrection. Close to 36% view their prospects for profitability in 2008 to be- `6 l3 w. K2 a1 s
very good and a further 22.4% say they're excellent.) X- ?+ w3 F" `2 X
The strongest areas of real estate business activity for Canadian
0 P# r; v$ R5 Trespondents is predicted to be within real estate services, followed by4 i0 b7 r u! _) H: ~6 ^( j2 c
commercial/multifamily development and homebuilding/residential land
0 U$ [( t& G( ]$ B* vdevelopment. All property sectors share positive prospects across the country
$ o: J8 _5 N# A6 y4 Z( U- g X Cespecially industrial and retail with respondents, on average, stating
; ^4 s" s$ y0 E2 W( H; T; d# O) Gdevelopment prospects are expected to be modestly good to good. The, r" S% @; r2 @" G# O# a1 [0 `) u
residential for-sale market is also expected to fair well, but might need to
2 W5 K) _; ^5 e- K' ctake a breather as homebuilders cannot keep up with the current pace and0 I$ u4 P$ D9 Y# e3 F
single-family housing looks overpriced.
4 M$ [: c0 {+ T' W) l' X Office stock is seeing limited inventories and dated product fill up with
9 O# P+ K* `7 B1 H% dtenants. Except for Montreal, where office vacancies are nearing 9%. Canadian) J' w2 k7 D4 k# m9 W# i. F
metropolitan areas boast below 5% vacancies, and rents have room to push7 J8 f* i( c& f& G
higher. The survey is also showing that costs and land scarcity is limiting* Y9 v; N! T) @% V5 W
new development. Hotel investment and development prospects are modestly good,0 |9 l: y, n* v; l7 H
and most respondents rate this sector either a buy or a hold. Rental8 v! i1 G; p. J5 u% a6 Z" J! c( B
apartments are doing well in major cities with high immigration flows. Primary
2 d# T: ^5 I. L0 t8 U2 Y- Hwestern cities - Vancouver, Calgary, and Edmonton - are veering toward housing0 f1 G* }+ t2 O" e- P
shortages as workers, attracted by a plethora of well-paying jobs, pour into/ |& w8 L% o# E3 q# g
the energy zone. Apartment occupancies are soaring in these areas. Development( }" t2 J4 [+ M- E" D8 ?
in other regions remains difficult because of costs and land scarcity.0 s9 {5 @9 T9 Y# Z) U
/ s6 Y% f+ _& p1 m5 u
Canadian Markets to Watch) Y9 f% x- ?: a& p" h1 F+ i
' p; A$ u! b# V) F; a
The report comments on how Canadians like to live and work in central, \ i9 f, v- G* Q# X' ]9 [
cities, as long as they can afford it. If housing is too pricey in 24-hour
: P/ B+ K0 j5 X: H( t% b* eneighbourhoods, people move to inner-ring suburbs or beyond and commute back0 a% z+ V$ |5 g: z7 R; J
into the cores. Investors, especially the institutions, are concentrated in- ~5 m. Z' Q* D* W! a/ A
downtown areas too. Planners and developers focus on infill and more vertical* m2 s. f6 G1 a7 P! A1 T
projects, which reinforce the urban cores. The hot-growth energy cities out
+ y' o4 z2 M' G" twest - Calgary and Edmonton - score the highest ratings for investment
5 u* R9 n u& }prospects, development, and for-sale housing, although it is not certain+ @1 s0 k+ C& T/ T5 O1 p
whether the recent announcements on royalties will have any effect on this.7 {( h% L. j5 V
Toronto, Canada's premier global pathway city, and Vancouver also have high8 w; x$ U& ~7 j% k
ratings. Ottawa and Montreal follow, with Halifax lagging.. z0 ?2 q' \. e! y( D+ s
8 D; Z, H: h: _0 o# [
Calgary/Edmonton
' N2 l* y4 [1 U. S) f/ ]# {) ^7 A9 @( B7 `2 z
Calgary is the Canada's "resource" capital and North America's number-one
1 H5 X5 k' h$ Iboomtown. Survey respondents foresee strong buys for all sectors: 53.5% give a9 Z' D9 m8 e5 [! @$ J/ i
buy recommendation for Hotel Property, 52.8% for Industrial/Distribution,
& w K3 l( I: e; f48.1% for Retail and Apartment Residential and 44.6% for Office Property.7 x; a( f* N9 I% m5 m3 _# Z+ Z0 g' J
Furthermore, on average the majority of respondents see Calgary For-Sale
$ |& R- W, Q0 lHomebuilding prospects as very good. Edmonton is closely mimicking the
* |3 D* i, T- S8 CCalgary-style growth wave and as long as demand for energy resources stays& I2 x2 C9 f+ y) D) ~6 w
strong, this market will continue to do well.6 o: n5 W* c" m/ e2 K W8 X; m
8 ?3 v" ?$ s8 M' n Vancouver$ U2 e" ^+ k1 |0 G0 Z. S0 E. l
% A; B9 }9 {0 S5 [2 U/ M$ s
Vancouver's diversified economy is roaring, the mining industry is
! }2 Y8 V/ Q" W# P/ gbooming and the city provides a large port and a high-tech center. Outrageous
: q9 N2 D1 m& h+ |; ~# i9 e! I* ureal estate prices frustrate homebuyers and commercial investors and the, Q5 X, {$ `: E9 o
market is extremely hard to crack. The 2010 Winter Olympic Games is also a
, f; j k( c2 _8 V1 U6 Wgrowth driver and accordingly 44.7% of respondents give Vancouver a buy) H4 `9 S4 e9 h, ?1 d
recommendation for Hotel Property. A further 43.5% give a buy Retail, 41.3%2 c2 Z" D- i9 e, I
for Industrial/Distribution and 36.7% for Office Property followed by 34.1%
3 P5 ^1 g) I( n- e2 hfor Apartment Residential property. Vancouver also ranks in the good to very
$ a8 v) N/ o. ]- t. qgood mark for for-sale homebuilding prospects.
+ W" S; d# D6 E) n- |
0 g/ W0 l! Y% {* q+ ]' p Toronto! f) ^. u" y4 L
$ ?5 m( S' j" _: y$ }
Toronto ranks as a major global pathway destination, 24-hour city, and ]. w7 E3 m) c( K( T
manufacturing hub. Compared with other national financial centers, the city is% R, ?, {9 b1 M0 t% z
relatively inexpensive. However, the rising loonie is hurting manufacturing/ [: E# E& @- ?9 q; F
industries, and clouds over the US economy threaten to stall out momentum.
, s; ?: f2 v8 U1 x5 {1 F& P, J3 NThree new office towers are under construction, adding 3 million new square
- `+ B* c* @) I; G' ]4 G% ufeet of office space. Notably, Office (49.1%), Industrial (46.2%) and: ~- M( A5 ]0 f1 t( c
Apartments (40.8%) are given solid buys.
2 ?, O8 {" {9 p& w3 L
- Z* z4 @: W/ `3 W; b/ a5 m# ` Montreal
/ s& D4 K6 b" U7 C2 ^" i7 I' k% A0 }7 U4 a3 ^* z
Montreal continues to face concerns about market stability and overall1 a. W k/ B8 o4 u3 @; c. b
growth prospects as major companies no longer choose it as a place to set up
, C9 `& m0 U0 M' wshop. But, plenty of government offices fill space. Of the larger cities in
/ d+ Y6 \2 }; Q" {5 JCanada, Montreal ranks lowest as a "buy" recommendation in all real estate
; x8 w9 _& ~, i# W( x. Usectors. However, respondents generally rated all Montreal real estate sectors
' V8 I1 T- M Z' V v# Uhigher as a "hold" recommendation. _: g t- l( h% m
7 i7 q8 V0 M7 [
The report notes that best bets for investors for the coming years3 Q( b" p8 U; M4 F1 V9 L
include a focus on all property sectors in the high-growth western energy
% q; f1 @) v! ^markets, hold on central business district office space, develop infill condos
j0 d! W& n% h/ \near subways stops in Toronto, buy infill sites wherever you can and invest
6 F! f3 @! z. \/ z. Eoverseas. Potter concludes, "Domestic opportunities are too limited at current& d' M# ^) }* U. B
prices."7 o& X/ t5 E! _# R, Y
A copy of Emerging Trends in Real Estate(R) 2008 is available at
6 @4 p4 ^ f! owww.uli.org or www.pwc.com/imre.: M' m4 p2 R+ g% D* |) X
. s. a& i( j0 h$ O$ K About PricewaterhouseCoopers
8 B; c+ T3 W6 C5 a! B* v2 y+ i1 a/ S/ P' [) y {
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,
7 |- g8 f( {7 D( n$ V0 Utax and advisory services to build public trust and enhance value for its
; ? Q3 p1 `! `6 r2 Z0 z7 vclients and their stakeholders. More than 140,000 people in 149 countries' e# F; V& h7 A, r2 d8 k
across our network share their thinking, experience and solutions to develop
! l6 q, Q4 t4 {, {3 g9 R# Kfresh perspectives and practical advice. Now celebrating 100 years of' |( ~9 b, j0 V
excellence in Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its
5 v$ T0 j1 x7 K d* ^! b$ ^4 srelated entities have more than 5,200 partners and staff in offices across the
0 n8 A. `5 j! p& ~9 zcountry.& @6 I I& ~( i, R e! |
"PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario/ l3 \( {9 z; P- T. e8 ]
limited liability partnership, or, as the context requires, the2 W! Y- l* S* e! a5 [; C
PricewaterhouseCoopers global network or other member firms of the network,
: o: M+ C/ c9 p+ }: }each of which is a separate and independent legal entity.
1 j9 q' i6 U8 ~6 [
+ m5 {: P' p) t About the Urban Land Institute
; r ~7 f9 d" v/ F; u. z4 X- ?% k D6 u2 d1 e) ~7 L6 @
The Urban Land Institute (www.uli.org) is a nonprofit education and
1 {) I* D* w- Z6 ]: {/ n8 F* tresearch institute supported by its members. Its mission is to provide j4 N7 r9 t6 u/ n/ h9 z
leadership in the responsible use of land and in sustaining and creating# ^* L" A& F' s+ u7 \0 z
thriving communities worldwide. Established in 1936, the Institute has more8 o* W+ R9 n2 R! v" E5 z0 |
than 38,000 members representing all aspects of land use and development
" h, b: y- X- L7 y2 {- zdisciplines.
0 W1 o- N" i5 T9 j The Urban Land Institute is an active and growing organization in Canada.
/ w7 \8 L) f8 S3 l: p" h$ T- NWith nearly 700 members across the country, Canada's first ULI District
; o1 B, M; p6 U8 X3 e% PCouncil was established in Toronto in 2005 and a second District Council is: a" }* @; b! \: T S) M4 l
now being formed in British Columbia. The Toronto District Council will be
9 r$ T5 `# q6 B2 t) o- Nhosting a special event on Emerging Trends in Real Estate on November 20th, I+ O" J b7 f* F6 F6 l
2007, featuring Jonathan Miller, the principal author of the report, Blake) T; G5 Z$ N/ P: { J8 s. U z6 ^
Hutcheson, President of CB Richard Ellis Canada Ltd., and George Carras,
: g" ]1 X+ t% hPresident of RealNet Canada Inc. For more information on this event, please
7 ]+ |4 N; w p3 \! Icall the Toronto District Council Coordinator at (647) 258-0017, or look on3 G5 [* f" p9 U
the web at www.uli.org/events/index.cfm?id=3066.
1 d+ S" b) f( A; m, b8 u% P4 w! T" p {5 `
/ i: ]8 i9 F/ ^: S
9 e& Y5 \; |( P6 fFor further information: Carolyn Forest, PricewaterhouseCoopers LLP,
; A. X6 o# a% q6 c! T' K; K(416) 814-5730, carolyn.forest@ca.pwc.com! u6 F3 E: e, p- K! D7 `( m
http://www.newswire.ca/en/releas ... r2007/05/c4080.html
9 [) c7 k2 s/ H" n* f! j" Q. P G Z$ ]: `/ ~2 D: j3 V& s7 U
[ 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
