 鲜花( 1)  鸡蛋( 0)
|
Attention Real Estate Reporters: + F0 Q7 Q' w% r$ Z% k
7 s0 x7 ^* z2 X1 q- g" H+ a, ]Despite US housing woes Canadian real estate remains upbeat
9 `7 X# W- _. t% C$ n' Z* A TORONTO, Nov. 5 /CNW/ - Leading real estate experts are predicting the US
. Y7 ^8 a* @: M1 [" [% e1 |commercial real estate market will slow in 2008 and follow a similar pattern1 q. d8 q1 w/ i
as the current residential market. However, according to the annual Emerging
. D" q, u- p5 \' PTrends in Real Estate 2008 report, released by PricewaterhouseCoopers (PwC)
# K" V4 p% }1 l7 {and the Urban Land Institute (ULI), their Canadian counterparts are much more
5 @% K. q/ M' O" p: n; ~upbeat.
1 S# j1 k- j" J7 w Now in its 29th year, Emerging Trends is the oldest, most highly regarded1 A: }. |( V: t5 V
annual industry outlook for the real estate industry. The report reflects
+ G2 `. N: M4 { c2 c: Zinterviews with and surveys of more than 600 of the industry's leading real
4 \; ?7 I% ~" r! t% G% sestate experts, including investors, developers, property company
% C1 {, A M/ U2 J. N6 ~representatives, lenders, brokers and consultants in both Canada and the US.
3 a4 Z3 |9 O o* f& h4 r% ZOther versions of this report are conducted in countries around the world9 w) R7 r# f; J* |% c# H7 R: {1 s
including Asia Pacific and Europe.# G) t& f9 j& S/ }1 V: @7 q W
According to Chris Potter, PwC partner and leader of the firm's Canadian5 U& j. u* |% Y/ E
Real Estate Tax practice, Canada benefits from a more conservative investment- B5 J9 q' P/ Z8 p0 R5 \/ i! R
environment than the US. "In Canada, institution-dominated markets appear to0 s1 V n+ Y- A1 P; U- }
be avoiding 'transaction mania', but real estate values have reached record; K, U0 M9 e; l) i+ e7 G' R
highs and a strong economy has accelerated tenant demand for space."
) V" I! L9 U$ x, Q W, R According to American respondents, a healthy correction south of the
6 Y9 b. j; y8 i' c' d T, `6 c8 iborder will likely bypass long-term investors but penalize late-to-the-game
1 Z5 @& R& `9 L0 u* nspeculators and overleveraged buyers. Canadian respondents to the survey1 G: O; Z4 N! a3 W3 \- y! {+ Q
remain positive about sidestepping any serious impacts of this possible US
5 n- Z9 I U, h# y9 L* a& Tcorrection. Close to 36% view their prospects for profitability in 2008 to be
4 d- `* ?9 Z3 o: T' P4 svery good and a further 22.4% say they're excellent.
' U% y/ M8 K8 Z. u8 X" J The strongest areas of real estate business activity for Canadian) n) r( C& z- j
respondents is predicted to be within real estate services, followed by
! X; B! t6 S7 t% }commercial/multifamily development and homebuilding/residential land
( Q M3 k7 ]/ @7 x S( ?# V! C% Bdevelopment. All property sectors share positive prospects across the country, `( T$ q, |! }. H
especially industrial and retail with respondents, on average, stating
& k" o/ _9 b% U& {: V7 y% ]% y7 L. @development prospects are expected to be modestly good to good. The
$ V/ d2 O0 V: ?1 C+ h( U" Zresidential for-sale market is also expected to fair well, but might need to
% D1 T6 y7 _- v9 e: s3 A5 Rtake a breather as homebuilders cannot keep up with the current pace and4 l. {$ \3 y5 a2 t* h& t
single-family housing looks overpriced.( o! q2 ~% M1 m' r
Office stock is seeing limited inventories and dated product fill up with$ C1 d* p/ o3 i @; a
tenants. Except for Montreal, where office vacancies are nearing 9%. Canadian
/ R4 q% _, ]7 a1 S0 Q/ ~- B% o9 ometropolitan areas boast below 5% vacancies, and rents have room to push* G0 I- ]; x0 \0 L2 Z
higher. The survey is also showing that costs and land scarcity is limiting% u& u9 Q5 `0 e
new development. Hotel investment and development prospects are modestly good,' N) {. \- r% H @( r
and most respondents rate this sector either a buy or a hold. Rental
$ [ R. i% A/ Uapartments are doing well in major cities with high immigration flows. Primary ]9 X1 ~# X3 l E
western cities - Vancouver, Calgary, and Edmonton - are veering toward housing/ T- a" E. n& t1 z8 {' N8 O
shortages as workers, attracted by a plethora of well-paying jobs, pour into6 e. g2 w9 S6 R5 n, j
the energy zone. Apartment occupancies are soaring in these areas. Development8 w, J/ M, h& d: E- n
in other regions remains difficult because of costs and land scarcity.
0 A8 u L2 s, e' R5 R) x2 B8 ?6 ]1 i5 v* t% }& z" G# J- P5 c
Canadian Markets to Watch
, G$ t/ x9 J% A) Z0 L' L$ G0 M2 Z+ R/ R- u% H2 d5 F$ n& ?- ]
The report comments on how Canadians like to live and work in central$ q3 b3 o( P' q- ~2 r4 V) U/ O
cities, as long as they can afford it. If housing is too pricey in 24-hour
! F- C8 g" g& O' V# ?9 wneighbourhoods, people move to inner-ring suburbs or beyond and commute back! k) q) ~/ y) z) V$ E- A
into the cores. Investors, especially the institutions, are concentrated in7 q9 x/ E$ ]- A# V: L& p
downtown areas too. Planners and developers focus on infill and more vertical+ B9 \; L$ z% X
projects, which reinforce the urban cores. The hot-growth energy cities out
( l1 ^5 G4 T8 N4 s# j4 ?5 z- Jwest - Calgary and Edmonton - score the highest ratings for investment
, _6 Z- R8 {" E6 sprospects, development, and for-sale housing, although it is not certain
" T6 @; U+ G' o& Gwhether the recent announcements on royalties will have any effect on this.
; V2 M# G2 N' {5 u- X7 xToronto, Canada's premier global pathway city, and Vancouver also have high! Y% m# c1 ~! o7 f" U
ratings. Ottawa and Montreal follow, with Halifax lagging.0 ]/ t; C3 b* t9 Y! I6 s2 g9 O3 ?4 Z/ Y
: n# c% K) n) {! f- h Calgary/Edmonton; R8 Y; J! ]1 C* R f
% `! M3 J0 A5 `5 S, G Calgary is the Canada's "resource" capital and North America's number-one
2 `+ p( C! k& Z1 y- l ?* rboomtown. Survey respondents foresee strong buys for all sectors: 53.5% give a
. x3 \; G7 O! c* G" p9 N1 ~buy recommendation for Hotel Property, 52.8% for Industrial/Distribution,& A4 ?& V4 @+ H$ Z
48.1% for Retail and Apartment Residential and 44.6% for Office Property.5 s" d0 m3 n/ `/ k* R/ M; s* Q1 J6 O
Furthermore, on average the majority of respondents see Calgary For-Sale0 l( C9 g% O7 j
Homebuilding prospects as very good. Edmonton is closely mimicking the ]4 u+ V" v- a- q; D2 x; Q
Calgary-style growth wave and as long as demand for energy resources stays
6 y7 C* U( Q( k/ q7 |0 e' kstrong, this market will continue to do well.- C% R) s$ j, Q# h8 {! h
$ _+ c5 A& I Q/ t
Vancouver2 K. V( p# c& N' C: ]
" M9 }# e* b8 V+ d% f4 \: S: L
Vancouver's diversified economy is roaring, the mining industry is
: r9 `; E1 J( U9 {; x Qbooming and the city provides a large port and a high-tech center. Outrageous/ Z0 v, y% P, o5 _0 V
real estate prices frustrate homebuyers and commercial investors and the: ~$ A; D1 @3 S/ m
market is extremely hard to crack. The 2010 Winter Olympic Games is also a8 f# I/ r5 ?2 M' k9 ^' m
growth driver and accordingly 44.7% of respondents give Vancouver a buy" T. B& q- [! I- l2 d& j9 N* x
recommendation for Hotel Property. A further 43.5% give a buy Retail, 41.3%. b4 @' ~! `$ A; T3 h& t
for Industrial/Distribution and 36.7% for Office Property followed by 34.1%* F, Q: ?& v. S. e$ v5 i3 u) c
for Apartment Residential property. Vancouver also ranks in the good to very0 ^ E7 I0 E# ^/ S8 ^0 O, p. ~
good mark for for-sale homebuilding prospects.+ @* p' x3 S, M7 R E
# R$ T0 |( d; S' t9 v9 z" t3 O0 a Toronto0 f% J9 M! K1 C# y t
- E7 D h3 Y7 f- a6 m
Toronto ranks as a major global pathway destination, 24-hour city, and
3 T8 W& \6 ] L; qmanufacturing hub. Compared with other national financial centers, the city is
$ ~' \! F0 k& @- E9 K1 k) @relatively inexpensive. However, the rising loonie is hurting manufacturing3 C' p( I* K) c/ N6 U8 Y* z8 E
industries, and clouds over the US economy threaten to stall out momentum.. v% o; B$ {7 {; J4 l
Three new office towers are under construction, adding 3 million new square
" @# `! D7 z) ?: I7 Ffeet of office space. Notably, Office (49.1%), Industrial (46.2%) and
0 l, {& W& ^* [. i- z# t' G6 @3 _Apartments (40.8%) are given solid buys.
+ E5 ~ X% v" W! b, E
* a$ Y5 t# F* y- E* ~ Montreal& }# }5 c, F: J |4 w4 A; d
4 S5 l$ \5 h9 k
Montreal continues to face concerns about market stability and overall
; C5 U$ g- Q! J! U+ zgrowth prospects as major companies no longer choose it as a place to set up- D$ v3 v1 D& W. m5 u! Q
shop. But, plenty of government offices fill space. Of the larger cities in
3 g2 Q! ~" p, `5 {Canada, Montreal ranks lowest as a "buy" recommendation in all real estate
! S! f7 }& N1 h3 fsectors. However, respondents generally rated all Montreal real estate sectors
) V; X! V" r$ }$ ^9 Zhigher as a "hold" recommendation.
% ~* D- y. `+ n+ E% F1 j4 Q. x, k4 c8 U: {) u6 ^" g- L B2 Z
The report notes that best bets for investors for the coming years& ~7 v" \ L0 w6 Y* S- l4 m1 u
include a focus on all property sectors in the high-growth western energy
8 C" P5 O$ X6 c( \' c* \markets, hold on central business district office space, develop infill condos! D' _- o u2 a( }! Q( L5 N% z
near subways stops in Toronto, buy infill sites wherever you can and invest
& Q8 {- K& a( V! B6 T$ {; m2 goverseas. Potter concludes, "Domestic opportunities are too limited at current
1 O$ y- n. d% p& Oprices."% [( b2 z! b1 M3 A& K% ?
A copy of Emerging Trends in Real Estate(R) 2008 is available at
: L- B: y; R8 t# gwww.uli.org or www.pwc.com/imre.0 m3 L4 l" z- t
' U9 A( y- F. ] About PricewaterhouseCoopers
/ ]# G' W" @! @; W {/ D6 I# u4 Q" P4 l, C
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,
9 ^) D; @; t) ]tax and advisory services to build public trust and enhance value for its
0 z3 Z* g+ h( m5 z9 Rclients and their stakeholders. More than 140,000 people in 149 countries
, _6 r# v0 Q V' gacross our network share their thinking, experience and solutions to develop9 w' O& V) ]8 u, c
fresh perspectives and practical advice. Now celebrating 100 years of/ k9 N' m/ v' Y# ~% f9 L, ]5 O9 {5 V
excellence in Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its) e6 V2 r' N# b
related entities have more than 5,200 partners and staff in offices across the( D! U; R' L: G ?/ O
country.
: c$ i% b1 A! [! [8 }* V3 U' o5 z/ Z "PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario
! W3 P# i! b7 blimited liability partnership, or, as the context requires, the
7 l' }$ _( s8 H: TPricewaterhouseCoopers global network or other member firms of the network," u" d$ G* L) n3 [$ T' G
each of which is a separate and independent legal entity.. [ p) [& D# L6 B
: p9 }7 k7 j$ Y" l1 o
About the Urban Land Institute
) ?; H; _5 g/ X! B, d! n5 t4 ?1 U: z2 e" O! } k9 g' _# x8 c: O% l7 M2 C# ?
The Urban Land Institute (www.uli.org) is a nonprofit education and
8 D, |; w; q: o# C. a5 `research institute supported by its members. Its mission is to provide
; V; R6 `+ Z+ M6 q; W6 z* |leadership in the responsible use of land and in sustaining and creating
7 I. m" O; G4 F3 N# A0 Y8 t2 ithriving communities worldwide. Established in 1936, the Institute has more- K* I3 F4 K# V
than 38,000 members representing all aspects of land use and development
N- O' h1 G" gdisciplines.
" w2 t* U9 a9 R/ t- |: ^+ b2 h The Urban Land Institute is an active and growing organization in Canada., G8 D% ^4 [4 C0 _1 q2 F
With nearly 700 members across the country, Canada's first ULI District# n; b' b* a) E. `! o4 ~ p# P
Council was established in Toronto in 2005 and a second District Council is$ S3 s( z0 K- ^/ `3 T3 @
now being formed in British Columbia. The Toronto District Council will be4 v0 c0 g& J$ G. m; Y9 Y3 r& a' N6 j
hosting a special event on Emerging Trends in Real Estate on November 20th,' y% b C1 v' f. s# I x, {
2007, featuring Jonathan Miller, the principal author of the report, Blake
1 a* o0 {5 i6 @( BHutcheson, President of CB Richard Ellis Canada Ltd., and George Carras,' S: V0 z( R4 P; h! b( g/ o
President of RealNet Canada Inc. For more information on this event, please
1 s4 p. T$ x& C+ Pcall the Toronto District Council Coordinator at (647) 258-0017, or look on
; u c8 R- k3 `0 S' B7 s" uthe web at www.uli.org/events/index.cfm?id=3066.( n4 q7 T2 Z. v1 S
; i% A i& {5 J! r9 d' X8 h8 S2 [3 D6 m
4 `, N9 L% E+ e
/ y8 R- N$ _8 O2 cFor further information: Carolyn Forest, PricewaterhouseCoopers LLP,
$ n$ _: A2 y. E x g(416) 814-5730, carolyn.forest@ca.pwc.com* ~' u$ Y5 x3 h: `( K+ l6 d
http://www.newswire.ca/en/releas ... r2007/05/c4080.html0 P6 l' j3 x4 j, i" @
' F4 ]$ J7 U/ v+ G, Z4 m- 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
